Common use of MISO Clause in Contracts

MISO. is organized as a non-stock, not-for-profit corporation, pursuant to Title 8, Chapter 1 of the laws of the State of Delaware. MISO is not to be organized for profit and shall be operated exclusively for the promotion of social welfare, in furtherance of the public policy reflected in the order of the FERC approving this Agreement and FERC Order No. 888. ▇▇▇▇ has secured an exemption from federal taxation pursuant to Section 501 of the Internal Revenue Code of 1986, as amended, or a successor provision (hereinafter “Internal Revenue Code”).

MISO. is organized as a non-stock, not-for-profit corporation, pursuant to Title 8, Chapter 1 of the laws of the State of Delaware. MISO is not to be organized for profit and shall be operated exclusively for the promotion of social welfare, in furtherance of the public policy reflected in the order of the FERC approving this Agreement and FERC Order No. 888. ▇▇▇▇ MISO has secured an exemption from federal taxation pursuant to Section 501 of the Internal Revenue Code of 1986, as amended, or a successor provision (hereinafter “Internal Revenue Code”).