Nonprofit Affiliate definition

Nonprofit Affiliate means (i) an organization created by an entity that has been granted Section 501(c)(3) status under the Internal Revenue Code (a “Nonprofit Organization”) under Section 509(a)(3) of the Internal Revenue Code, as a “supporting organization,” or (ii) a single member limited liability company, created by the Nonprofit Organization as a wholly-owned subsidiary of such Nonprofit Organization.
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Examples of Nonprofit Affiliate in a sentence

  • If Treasury determines that the designated Purchaser is not a Mission Aligned Nonprofit Affiliate, the Recipient may withdraw its Exercise Notice and may subsequently deliver a new Exercise Notice in accordance with Section 2.01(B).

  • If the Recipient designates an entity that it believes to be a Mission Aligned Nonprofit Affiliate as the Purchaser, the Purchaser shall submit such information as Treasury may reasonably request to enable Treasury to make a determination, in its sole discretion, of whether such designated Purchaser is a Mission Aligned Nonprofit Affiliate in accordance with the Policy.

  • The Purchaser is a Mission Aligned Nonprofit Affiliate (subject to confirmation by Treasury as contemplated by the Policy).

  • The Purchaser meets all criteria to be a Mission Aligned Nonprofit Affiliate and understands that a final determination of such status will be made by Treasury as contemplated by the Policy.

  • All materials submitted to Treasury by the Purchaser in connection with the matters contemplated by the Agreement, including with respect to the Purchaser’s status as a Mission Aligned Nonprofit Affiliate, are true, correct and complete in all material respects.

  • Name: Title: Name: Title:]4 4 To be included only for a purchase by a third party, including a Mission Aligned Nonprofit Affiliate.