Aspect Foundation Inc Sample Clauses

Aspect Foundation Inc. Such trustees and officers of Aspect Foundation, Inc. as are designated by Buyer to Sellers shall have tendered, effective at the Closing, their resignations as such trustees and officers, and individuals designated by Buyer shall be appointed to replace such trustees and officers.
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Aspect Foundation Inc. To the Knowledge of Sellers, Aspect Foundation, Inc. ("Aspect Foundation") ------ ---------- is: (i) duly qualified as a tax-exempt organization under Section 501(c)(3) of the Code, (ii) is in compliance in all material respects with the applicable rules of the IRS related to such tax-exempt organizations, (iii) is in compliance with U.S. Information Agency rules governing foreign exchanges programs and legally capable to issue J-1 visas to prospective exchange students, and (iv) listed by the Commission on Standards for International Educational Travel. To the Knowledge of Sellers, the commission structure currently in place between either Company or any of its Subsidiaries and Aspect Foundation and each other non-profit organization with which either Company or any of its Subsidiaries has entered into agreements, can be maintained in all material respects All of the trustees of Aspect Foundation are listed on Schedule 4.25. -------------
Aspect Foundation Inc. To the Knowledge of Sellers, Aspect Foundation, Inc. ("

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