Nonprofit Status. The School shall be organized and operated as a nonprofit corporation under Minnesota Statutes Chapter 317A, as amended. Notwithstanding any provision of Minnesota Statutes Chapter 317A, as amended, the School shall not take any action inconsistent with the Charter School Act or in derogation of the School's status as a public school.
Nonprofit Status. The Friends must maintain nonprofit, tax-exempt status under the Internal Revenue Service (IRS) Code Section 501(c)3 of Title 26 and under applicable State and Federal laws. This agreement and the Friends Partnership Agreement will automatically terminate if the Friends organization does not maintain its nonprofit status.
Nonprofit Status. The Agency shall maintain its corporate, non-profit status in the State of Florida throughout the term of this Agreement. If the Agency should, during the term of this Agreement, lose its corporate or non-profit status, it shall immediately notify the City within ten (10) days of the event. Upon such an event, the City reserves the right to immediately terminate this Agreement and discontinue distribution of Funds to the Agency.
Nonprofit Status. The Charter School Board is organized and operated as a nonprofit corporation under Minnesota Statutes Chapter 317A, as amended.
Nonprofit Status. Manager shall at all times during the Term be a Federal and State nonprofit corporation in good standing.
Nonprofit Status. The district shall maintain its non-profit status in the State of Florida throughout the term of this Agreement. If The district should, during the term of this Agreement, lose its non-profit status, it shall immediately notify the City within ten (10) days of the event. Upon such an event, the City reserves the right to immediately terminate this Agreement and discontinue distribution of Funds to the district. The district shall provide to the Administrator copies of the requisite documentation filed annually with the state and federal governments to maintain non-profit status.
Nonprofit Status. 1. Grantee will keep its tax-exempt status as a recognized 501(c)(3) and Section 509(a)(2) or 509(a)(3) organization OR as a tax exempt governmental unit under Section 115(1) and Section 170(c)(1) current throughout the period of this grant and will comply with all applicable federal and state laws and regulations that govern the use of funds to the Grantee organization. This includes but is not limited to:
Nonprofit Status. College Park shall maintain its non-profit status in the State of Florida throughout the term of this Agreement. If College Park should, during the term of this Agreement, lose its non-profit status, it shall immediately notify the City within ten (10) days of the event. Upon such an event, the City reserves the right to immediately terminate this Agreement and discontinue distribution of Funds to College Park. College Park shall provide to the City Coordinator annually copies of the requisite documentation filed with the state and federal governments to maintain non-profit status.
Nonprofit Status. The Agency shall maintain its corporate, non-profit status in the State of Tennessee and will pursue and secure 501(c)6 status with the Federal Internal Revenue Service for the term of this Agreement. If the Agency should, during the term of this Agreement, lose its corporate or non-profit status, it shall immediately notify the City within ten (10) days of the event. Upon such an event, the City reserves the right to immediately terminate this Agreement and discontinue distribution of Funds to the Agency.
Nonprofit Status. As a governmental instrumentality within this State, the Authority may not be operated for profit. No part of any earnings of the Authority may inure to the benefit of a Person other than the Parties. It is the intent of the Parties that the Authority maintain its nonprofit status.
