Common use of Status of the Fund Clause in Contracts

Status of the Fund. The Fund shall be the property of the Foundation, held in its fiduciary capacity, and shall be deemed a trust fund held by it in a trustee capacity. It is intended that the Fund be a component fund of the Foundation. The Foundation shall have the ultimate authority and control over all property in the fund and the earnings derived from. This is all in accordance with the Articles of Incorporation, By-laws, and other governing instruments of the Foundation (as they may be amended from time to time), and the terms of this Agreement applied in a manner not inconsistent with the Articles, By-Laws, and other governing documents.

Status of the Fund. The Fund shall be the property of the Foundation, held in its fiduciary corporate capacity, and shall not be deemed a trust fund held by it in a trustee capacity. It is intended that the Fund will be a component fund of the Foundation. The Foundation shall have the ultimate authority and control over all property in the fund Fund, and the earnings income derived from. This is all therefrom, in accordance with the Articles of Incorporation, By-lawsbylaws, and other governing instruments of the Foundation (as they may be amended from time to time), and the terms of this Agreement applied in a manner not inconsistent with the said Articles, By-Lawsbylaws, and other governing documentsinstruments.