Tax-Exempt and Public Charity Status Sample Clauses

Tax-Exempt and Public Charity Status. To the Knowledge of GH, each tax- exempt GH Entity is in material compliance with all provisions of the Code pertaining to the maintenance of such Entity’s status as an organization, as the case may be, that is tax-exempt pursuant to Section 501(c)(4) of the Code, or described in Section 501(c)(3) of the Code and as a public charity and not a “private foundation” within the meaning of Section 509(a) of the Code, and the IRS has not (a) taken, or to the Knowledge of GH, proposed to take, any action to revoke the tax-exempt status of any GH Entity that has tax-exempt status, (b) notified any tax-exempt GH Entity of any inquiry or jeopardy concerning such Entity’s tax-exempt status, or (c) to the Knowledge of GH, determined in writing or, proposed to announce, that any tax-exempt GH Entity is a “private foundation” within the meaning of Section 509(a) of the Code. To the Knowledge of GH, there has been no material change in the organization or operation of any GH Entity that would reasonably be likely to result in a loss by any tax-exempt GH Entity of its status as an organization, as the case may be, that is tax-exempt pursuant to Section 501(c)(4) of the Code, or described in Section 501(c)(3) of the Code or as a public charity and not a “private foundation” within the meaning of Section 509(a) of the Code. Except as set forth in Section 7.24 of the GH Disclosure Schedules, to the Knowledge of GH, since the time of the determination by the IRS that each tax-exempt GH Entity is an organization, as the case may be, that is tax-exempt pursuant to Section 501(c)(4) of the Code, or described in Section 501(c)(3) of the Code and is a public charity and not a “private foundation” within the meaning of Section 509(a) of the Code, no event or condition has occurred which could reasonably be expected to jeopardize the status of such GH Entity as an organization, as the case may be, that is tax-exempt pursuant to Section 501(c)(4) of the Code, or described in Section 501(c)(3) of the Code or as a public charity and not a “private foundation” within the meaning of Section 509(a) of the Code, or expose such GH Entity to material unpaid unrelated business income tax or material excise tax.
Sample 1
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Related to Tax-Exempt and Public Charity Status

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