Group Exemption Sample Clauses

Group Exemption. Provided that MEMBER is either an Oklahoma not-for-profit corporation or an unincorporated not-for-profit association, wishing to be included as a 501(c)(3) subordinate member under OPBA’s group exemption letter, MEMBER shall be so included in the OPBA’s group tax exemption letter so long as it obtains a federal Employer Identification Number (“EIN”) and remains in compliance with the terms of this Agreement and all applicable federal, state and local laws and regulations. a. The terms of this section shall not apply to individual MEMEBERS. b. The terms of this section shall not apply to a MEMBER who at the time of entering into this Agreement has previously been recognized as a tax-exempt organization under the Tax Code and who does not wish to have its previous tax-exempt status superseded.
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Group Exemption. By entering this Agreement, AFFILIATE may request inclusion in AAUW’s Group Exemption, provided that AFFILIATE is qualified by law to be included. If AFFILIATE requests inclusion in the Group Exemption, AFFILIATE agrees to provide AAUW with all necessary documentation and reporting necessary to maintain that exemption with respect to AFFILIATE.
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Group Exemption. Provided that MEMBER is either a Kansas not-for-profit corporation or an unincorporated not-for-profit association, wishing to be included as a 501(c)(3) subordinate member under KSPBA’s group extension letter, MEMBER shall be so included in the KSPBA’s group tax exemption letter so long as it obtains a federal Employer Identification Number (“EIN”) and remains in compliance with the terms of this Agreement and all applicable federal, state and local laws and regulations. The terms of this section shall not apply to individual MEMBERS. The terms of this section shall not apply to a MEMBER who at the time of entering this Agreement has previously been recognized as a tax-exempt organization under the Tax Code and who does not wish to have its previous tax-exempt status superseded.
Sample 1
Group Exemption. The XXX agrees to operate consistent with the requirements to maintain its status as a tax-exempt organization under Code Section 501(c)(3), a public charity under Code Section 509(a)and to maintain, to the extent allowed under applicable law, its group exemption with the IRS, including providing an annual update to the IRS on the status of the State Affiliate for purposes of the group tax exemption.
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Related to Group Exemption

  • FINRA Exemption To enable Xxxxx to rely on Rule 5110(b)(7)(C)(i) of FINRA, the Company represents that the Company (i) has a non-affiliate, public common equity float of at least $150 million or a non-affiliate, public common equity float of at least $100 million and annual trading volume of at least three million shares and (ii) has been subject to the Exchange Act reporting requirements for a period of at least 36 months.

  • Section 16(b) Exemption The Company shall take all actions reasonably necessary to cause the transactions contemplated by this Agreement and any other dispositions of equity securities of the Company (including derivative securities) in connection with the transactions contemplated by this Agreement by each individual who is a director or executive officer of the Company to be exempt under Rule 16b-3 promulgated under the Exchange Act.

  • Group Tax Exemption Ruling As of the Disaffiliation Date, Local Church shall cease to use, and also shall ensure that any Subsidiaries or affiliates of Local Church which have been included in the group tax exemption ruling shall cease to use, any and all documentation stating that Local Church is included in the denomination’s group tax exemption ruling administered by the General Council on Finance and Administration of The United Methodist Church. Local Church and any of its Subsidiaries and affiliates which have been included in the group tax exemption ruling will be removed as of the Disaffiliation Date.

  • Securities Act Exemption Neither the Holder nor anyone acting on behalf of the Holder has received any commission or remuneration directly or indirectly in connection with or in order to solicit or facilitate the Exchange. The Holder understands that the Exchange contemplated hereby is intended to be exempt from registration by virtue of Section 3(a)(9) of the Securities Act. The Holder understands that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Holder set forth herein for purposes of qualifying for the exemption under Section 3(a)(9) of the Securities Act as well as qualifying for exemptions under applicable state securities laws.

  • Religious Exemption Any employee of the City in a classification identified in Article I.A., who is a member of a bona fide religion, body or sect which has historically held conscientious objections to joining or financially supporting a public employee organization and is recognized by the National Labor Relations Board to hold such objections to Association membership, shall upon presentation of membership and historical objection be relieved of any obligation to pay the required service fee. The Association shall be informed in writing of any such requests.

  • Securities Exemptions The offer and sale of the Purchased Securities to the Purchasers pursuant to this Agreement shall be exempt from the registration requirements of the Securities Act and the registration and/or qualification requirements of all applicable state securities laws.

  • Offering Exemption Assuming the truth and accuracy of the representations and warranties contained in Section 7, this issuance and delivery to the Holder of this Note is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and will be registered or qualified (or exempt from registration or qualification) under applicable state securities and “blue sky” laws, as currently in effect.

  • TAX EXEMPTION The Department of Montana is exempt from Federal Excise Taxes (#00-0000000).

  • ERISA Exemptions The Parent and the Borrower shall not, and shall not permit any Subsidiary to, permit any of its respective assets to become or be deemed to be “plan assets” within the meaning of ERISA, the Internal Revenue Code and the respective regulations promulgated thereunder.

  • SALES TAX EXEMPTION The Services under the Contract will be paid for from the Department’s funds and used in the exercise of the Department’s essential functions as a State of Utah entity. Upon request, the Department will provide Contractor with its sales tax exemption number. It is Contractor’s responsibility to request the Department’s sales tax exemption number. It is Contractor’s sole responsibility to ascertain whether any tax deductions or benefits apply to any aspect of the Contract.

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