Common use of Charitable organization Clause in Contracts

Charitable organization. Any organization to which a Certificate Holder transfers Voting Trust Certificates and which is an organization contributions to which are deductible for federal income, estate or gift tax purposes, or any split- interest trust described in Section 4947 of the Internal Revenue Code of 1986, as amended, or any successor or amended section (“Charitable Organization”); provided, however, that no Voting Trust Certificates issued with respect to shares of Series A Common shall be so transferred if the Certificate Holder beneficially owns shares of Common or Special Common.

Charitable organization. Any organization to which a Certificate Holder transfers Voting Trust Certificates and which is an organization contributions to which are deductible for federal income, estate or gift tax purposes, or any split- split-interest trust described in Section 4947 of the Internal Revenue Code of 1986, as amended, or any successor or amended section (“Charitable Organization”); provided, however, that no Voting Trust Certificates issued with respect to shares of Series A Common shall be so transferred if the Certificate Holder beneficially owns shares of Common or Special Common.