Common use of Charitable Contribution Clause in Contracts

Charitable Contribution. Promptly after the Effective Time, Buyer shall make a contribution in the amount of $100,000 to an organization that (i) is designated in writing by Company prior to the Closing, with the approval of the Board of Directors of Company and (ii) qualifies as a tax-exempt organization under tax-exempt under Section 501(c)(3) of Code (the “Charitable Contribution”).

Charitable Contribution. Promptly after the Effective Time, Buyer shall make a contribution in the amount of $100,000 to an organization that (i) is designated in writing by Company prior to the Closing, with the approval of the Board of Directors of Company and (ii) qualifies as a tax-exempt organization under tax-exempt under Section 501(c)(3) of Code (the “"Charitable Contribution”").