Common use of Corporate and Tax Status Clause in Contracts

Corporate and Tax Status. Affiliate warrants that it is incorporated as a non-profit corporation in good standing within the State or an unincorporated association in good standing as defined by the laws of the State, and that Affiliate will remain in good standing. Affiliate must obtain its own Federal Employment Identification Number and establish and maintain its own bank account(s). Affiliate must send SNA a copy of its annual State corporation registration, as directed by SNA. Affiliate warrants that the election of officers and directors of the Affiliate complies with and will comply with its Bylaws, Articles and/or governing documents and applicable State law.