Common use of CORPORATE REQUIREMENTS Clause in Contracts

CORPORATE REQUIREMENTS. 1. The Association's Articles of Incorporation and By-Laws shall comply with the requirements of the state(s) in which the Association is incorporated. Non-profit 50l (c)(3) status must be maintained in accordance with state and Federal laws. The Association will make available for inspection, at the request of the Corps, documents demonstrating non-profit status. 2. This agreement will automatically terminate if non-profit 50l (c)(3) status is not maintained. 3. The Association shall have liability insurance which indemnifies, saves, holds harmless, and defends the United States against all fines, claims, damages, losses, judgments and expenses arising out of, or from any omission, or activity of the Association in connection with activities under this Agreement. 4. The Association will exercise reasonable care to prevent damage to any Government property used, or occupied during its operation and shall, insofar as possible, protect all such property.

CORPORATE REQUIREMENTS. 1. ) The Association's Articles of Incorporation and By-Laws shall comply with the requirements of the state(s) in which the Association is incorporated. Non-profit 50l (c)(3501(c)(3) status must be maintained in accordance with state and Federal laws. The Association will make available for inspection, at the request of the Corps, documents demonstrating non-profit status. 2. ) This agreement will automatically terminate if non-profit 50l (c)(3501(c)(3) status is not maintained. 3. ) The Association shall have liability insurance which indemnifies, saves, holds harmless, and defends the United States against all fines, claims, damages, losses, judgments judgments, and expenses arising out of, or from any omission, or activity of the Association in connection with activities under this Agreement. 4. The Association will exercise reasonable care to prevent damage to any Government property used, or occupied during its operation and shall, insofar as possible, protect all such property.

CORPORATE REQUIREMENTS. 1. The Association's ’s Articles of Incorporation and By-Laws shall comply with the requirements of the state(s) in which the Association is incorporated. Non-profit 50l (c)(3501(c)(3) status must be maintained in accordance with state and Federal laws. The Association will make available for inspection, at the request of the Corps, documents demonstrating non-profit status. 2. This agreement will automatically terminate if non-profit 50l (c)(3501(c)(3) status is not maintained. 3. The Association shall have liability insurance which indemnifies, saves, holds harmless, and defends the United States against all fines, claims, damages, losses, judgments judgements, and expenses arising out of, or from any omission, or activity of the Association in connection with activities under this Agreement. 4. The Association will exercise reasonable care to prevent damage to any Government property used, or occupied during its operation and shall, insofar as possible, protect all such property.