Sentence examples for the governing instruments from inspiring English sources
The pooled income fund assigns an initial value of $100 to each unit of participation in the fund, and under the governing instruments A receives 200 units, and B receives 100 units, in the fund.
(g) Outline briefly any provisions of the governing instruments under which the terms of the obligations to be distributed may be amended or modified by the holders thereof or otherwise.
(h) Outline briefly any other material provisions of the governing instruments pertaining to the rights of the holders of the obligations to be distributed or pertaining to the duties of the Bank with respect thereto.
The governing instrument of the pooled income fund must contain a provision requiring compliance with the preceding sentence.
The governing instrument of the fund must contain specific prohibitions against accepting or investing in such securities.
The amount so severed from the fund must either be paid to, or retained for the use of, the designated public charity, as provided in the governing instrument.
This is possible when the IRD is distributable to or set aside for the charity pursuant to the terms of the governing instrument.
The charter was designed to be that inspirational document and it was never intended to be the governing instrument, the guiding principle or the political vision of the movement.
The governing instrument of the fund shall direct the trustee to distribute income currently or within the first 65 days following the close of the taxable year in which the income is earned.
The governing instrument must specify at the time of the transfer the particular beneficiary or beneficiaries to whom the income is payable and the share of income distributable to each person so specified.
The governing instrument shall provide that the income interest of any designated beneficiary shall either terminate with the last regular payment which was made before the death of the beneficiary or be prorated to the date of his death.
