Common use of CREDITOR CLAIMS Clause in Contracts

CREDITOR CLAIMS. Because the restricted fund is held for the purposes for which such funds were given, the parties intend that its assets are not subject to the claims of any creditor or to legal process resulting from activities of Grantor unrelated to such purposes.

Appears in 4 contracts

Sources: Fiscal Sponsorship Grant Agreement, Fiscal Sponsorship Grant Agreement, Fiscal Sponsorship Grant Agreement