The Corpus Christi Nicholas Bacon Fund

(1) TO PROVIDE FINANCIAL SUPPORT FOR(A) UNDERGRADUATE OR POSTGRADUATE MEMBERS OF THE COLLEGE WHO ARE STUDYING OR RESEARCHING LAW OR(B) THOSE WHO INTEND TO STUDY OR RESEARCH LAW AT THE COLLEGE (WHETHER THEY ARE PROSPECTIVE OR EXISTING MEMBERS OF THE COLLEGE)AND WHO ARE IN NEED OF ASSISTANCE (WHETHER FINANCIAL OR OTHERWISE)(2) OTHERWISE TO FURTHER THE STUDY AND EDUCATION OF THOSE PERSONS MENTIONED IN SUBCLAUSE (1) HEREIN(3) SUBJECT TO PRIORITY BEING GIVEN TO THE OBJECTS SET FORTH IN SUBCLAUSES (1) AND (2) HEREIN, AND IN THE EVENT THAT FUNDS ARE NOT REQUIRED FROM TIME TO TIME FOR THE PURPOSES SET FORTH IN THE PRECEDING SUBCLAUSES (1) AND (2) HEREIN, TO BE AVAILABLE FOR THE BENEFIT OF UNDERGRADUATE OR POSTGRADUATE MEMBERS OF THE COLLEGE (OR PROSPECTIVE MEMBERS OF THE COLLEGE) IN ANY OTHER DISCIPLINE WHICH IS THE SUBJECT OF STUDY OR RESEARCH AT THE COLLEGE IN THE LIKE TERMS AS SET OUT IN THE PRECEDING SUBCLAUSES (1) AND (2) HEREIN(4) SUBJECT TO PRIORITY BEING GIVEN TO THE OBJECTS SET FORTH IN SUBCLAUSES (1), (2) AND (3) HEREIN, AND IN THE EVENT THAT FUNDS ARE NOT REQUIRED FROM TIME TO TIME FOR THE PURPOSES SET FORTH IN THE PRECEDING SUBCLAUSES (1), (2) AND (3) HEREIN, OTHERWISE TO PROMOTE ENCOURAGE DEVELOP OR IMPROVE THE TEACHING AND STUDY OF LAW OR RESEARCH INTO THE LAW AT THE COLLEGE(5) SUBJECT TO PRIORITY BEING GIVEN TO THE OBJECTS SET FORTH IN SUBCLAUSES (1), (2), (3) AND (4) HEREIN, AND IN THE EVENT THAT FUNDS ARE NOT REQUIRED FROM TIME TO TIME FOR THE PURPOSES SET FORTH IN THE PRECEDING SUBCLAUSES (1), (2), (3) AND (4) HEREIN, OTHERWISE TO PROMOTE ENCOURAGE DEVELOP OR IMPROVE THE TEACHING AND STUDY OF OR RESEARCH INTO ANY OTHER DISCIPLINE WHICH IS THE SUBJECT OF STUDY OR RESEARCH AT THE COLLEGEIN SUCH MANNER AND BY SUCH MEANS AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION THINK FIT PROVIDED ALWAYS THAT NOTHING IN THIS PRESENT CLAUSE OR IN ANY OTHER PROVISION IN THIS DEED SHALL AUTHORISE OR PERMIT THE PAYMENT OR APPLICATION OF ANY CAPITAL OR INCOME OF THE TRUST FUND FOR ANY PURPOSE WHICH IS NOT EXCLUSIVELY CHARITABLE AND NO PART OF SUCH CAPITAL OR INCOME SHALL AT ANY TIME OR IN ANY CIRCUMSTANCES BE PAID OR APPLIED FOR ANY PURPOSE OR IN ANY MANNER WHICH IS NOT EXCLUSIVELY CHARITABLE.