Common use of Nonprofit Status Clause in Contracts

Nonprofit Status. The district shall maintain its non-profit status in the State of Florida throughout the term of this Agreement. If The district should, during the term of this Agreement, lose its non-profit status, it shall immediately notify the City within ten (10) days of the event. Upon such an event, the City reserves the right to immediately terminate this Agreement and discontinue distribution of Funds to the district. The district shall provide to the Administrator copies of the requisite documentation filed annually with the state and federal governments to maintain non-profit status.

Appears in 3 contracts

Samples: Participation Agreement, Participation Agreement, Participation Agreement

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Nonprofit Status. The district Xxxxxxxxx District shall obtain and maintain its non-profit status in the State of Florida throughout during the term of this Agreement. If The district should, Xxxxxxxxx District is unable to obtain or loses its non-profit status during the term of this Agreement, lose its non-profit status, it shall immediately notify the City within ten (10) days of the event. Upon such an event, the City reserves the right to immediately terminate this Agreement and discontinue distribution of Funds to the districtXxxxxxxxx District. The district Xxxxxxxxx District shall provide to the Administrator copies of the requisite documentation filed annually with the state and federal governments to maintain non-profit status.

Appears in 1 contract

Samples: Agreement for Participation in the Orlando Main Street Program

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