Nonprofit Entities. Developer on its own behalf and on behalf of its respective successors and/or assigns, hereby covenant not to convey fee title to the real property owned by it to any nonprofit entities unless such entities first enter into an agreement, in form and substance acceptable to the Town and the Commission, to make payments in lieu of taxes with respect to such parcel or parcels. Any such conveyance shall be subject to the covenant contained herein and each grantee, by acceptance of a deed for any such property hereby agrees not to convey any portion of the Property subject to the Sentry Bonds to a tax-exempt nonprofit entity while the Sentry Bonds are still outstanding.
Nonprofit Entities. The requirements of OMB Circular No. A-122, Cost Principles for Non-Profit Organizations, and certain provisions of 2 CFR Part 200, and 24 CFR Part 84, Uniform Administrative Requirements for Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations, apply to a Department certified Community Housing Development Organization (CHDO) receiving HOME funds.
Nonprofit Entities. (a) At an effective time on or after the Closing to be designated by Purchasers, Seller shall use commercially reasonable efforts to secure resignations of those current officers and directors of the TRB Foundation identified by Xxxxxxxxxx and to cause the TRB Foundation to elect such replacement officers and directors as directed by Xxxxxxxxxx.
Nonprofit Entities. Developer on its own behalf and on behalf of its respective successors and/or assigns, hereby covenants not to convey fee title to the real property owned by it to any nonprofit entities unless such entities first enter into an agreement, in form and substance acceptable to the Town and the Commission, to make payments in lieu of taxes with respect to such parcel or parcels. Any such conveyance shall be subject to the covenant contained herein and each grantee, by acceptance of a deed for any such property hereby agrees not to convey any portion of the Property subject to the Wild Air Bonds to a tax exempt nonprofit entity while the Wild Air Bonds are still outstanding.
