Common use of No Private Benefit or Profit Clause in Contracts

No Private Benefit or Profit. 6.1.1. Conduct any of its operations or activities, or solicit or accept any contributions of property of any kind whatsoever, in a manner that would constitute a “private benefit” or be deemed to be “private inurement” pursuant to the applicable provisions of the Code and rules and regulations promulgated thereunder, or lead to the commencement of any proceeding to apply the “Intermediate Sanction” rules under the Code to the Ministry, any Ministry Representative, or any “disqualified person” (as defined in the Code) of the Ministry, nor carry on any activity for its own profit, or for the profit of any Ministry Representative, disqualified person, or other person; or

Appears in 4 contracts

Samples: Engagement Agreement, Engagement Agreement, Engagement Agreement

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