Common use of Reporting of Corporate Status Clause in Contracts

Reporting of Corporate Status. The Charter School shall report any change to the Charter School’s corporate legal status or any change in its standing with the Tennessee Secretary of State’s Office to the Authorizer within five business (5) days of the change. Any change to the Charter School’s corporate legal status as a not-for-profit organization shall constitute grounds for immediate revocation unless, during the term of this Agreement, the Act is amended to allow Charter Schools to be operated by organizations other than not-for- profit organizations.

Reporting of Corporate Status. The Charter School shall report any change to the Charter School’s corporate legal status or any change in its standing with the Tennessee Secretary of State’s Office to the Authorizer Chartering Authority within five business (5) days of the change. Any change to the Charter School’s corporate legal status as a not-for-for profit organization shall constitute grounds for immediate revocation unless, during the term of this Agreement, the Act is amended to allow Charter Schools to be operated by organizations other than not-for- for-profit organizations.

Reporting of Corporate Status. The Charter School shall report any change to the Charter School’s corporate legal status or any change in its standing with the Tennessee Secretary of State’s Office State to the Authorizer within five business (5) days of the change. Any change to the Charter School’s corporate legal status as a not-for-for profit organization shall constitute grounds for immediate revocation unless, during the term of this Agreement, the Act is amended to allow Charter Schools to be operated by organizations other than not-for- for-profit organizations.

Reporting of Corporate Status. The Charter School shall report any change to the Charter School’s corporate legal status or any change in its standing with the Tennessee Secretary of State’s Office to the Authorizer Chartering Authority within five business (5) days of the change. Any change to the Charter School’s corporate legal status as a not-for-profit organization shall constitute grounds for immediate revocation unless, during the term of this Agreement, the Act is amended to allow Charter Schools to be operated by organizations other than not-for- for-profit organizations.

Reporting of Corporate Status. The Charter School shall report any change to the Charter School’s corporate legal status or any change in its standing with the Tennessee Secretary of State’s Office to the Authorizer within five business (5) days of the change. Any change to the Charter School’s corporate legal status as a not-for-profit organization shall constitute grounds for immediate revocation unless, during the term of this Agreement, the Act is amended to allow Charter Schools to be operated by organizations other than not-for- profit organizations.shall

Reporting of Corporate Status. The Charter School shall report any change to the Charter School’s corporate legal status or any change in its standing with the Tennessee Secretary of State’s Office to the Authorizer within five business (5) days of the change. Any change to the Charter School’s corporate legal status as a not-for-profit organization shall constitute grounds for immediate revocation unless, during the term of this Agreement, the Act is amended to allow Charter Schools to be operated by organizations other than not-for- profit organizations.the

Reporting of Corporate Status. The Charter School shall report any change to the Charter School’s corporate legal status or any change in its standing with the Tennessee Secretary of State’s Office to the Authorizer within five business (5) days of the change. Any change to the Charter School’s corporate legal status as a not-for-profit organization shall constitute grounds for immediate revocation unless, during the term of this Agreement, the Act is amended to allow Charter Schools to be operated by organizations other than not-for- profit organizations.Any

Reporting of Corporate Status. The Charter School shall report any change to the Charter School’s corporate legal status, including any change to its status as a nonprofit federal tax exempt organization under IRC § 501(c)(3) or any change in its standing with the Tennessee Secretary of State’s Office to the Authorizer within five business (5) days of the change. Any change to the Charter School’s corporate legal status as a not-for-profit organization shall constitute grounds for immediate revocation unless, during the term of this Agreement, the Act is amended to allow Charter Schools to be operated by organizations other than not-for- for-profit organizations.

Reporting of Corporate Status. The Charter School shall report any change to the Charter School’s corporate legal status or any change in its standing with the Tennessee Secretary of State’s Office to the Authorizer within five business (5) days of the change. Any change to the Charter School’s corporate legal status as a not-for-profit organization shall constitute grounds for immediate revocation unless, during the term of this Agreement, the Act is amended to allow Charter Schools to be operated by organizations other than not-for- profit organizations.this

Reporting of Corporate Status. The Charter School shall report any change to the Charter School’s corporate legal status or any change in its standing with the Tennessee Secretary of State’s Office State to the Authorizer Chartering Authority within five business (5) days of the change. Any change to the Charter School’s corporate legal status as a not-for-for profit organization shall constitute grounds for immediate revocation unless, during the term of this Agreement, the Act is amended to allow Charter Schools to be operated by organizations other than not-for- for-profit organizations.