Common use of Tax-Exempt Purposes Clause in Contracts

Tax-Exempt Purposes. The Grantee shall use the funds it receives from Sponsor solely for purposes of the Sponsored Program and shall not use such funds in any way that will jeopardize the tax-exempt status of Sponsor. The Grantee agrees to comply with any written request by Sponsor to cease activities that, in Sponsor’s reasonable judgment, might jeopardize the tax-exempt status of Sponsor, and further agrees that Sponsor’s obligation to make funds available to the Grantee is suspended in the event that it fails to comply with any such request.

Tax-Exempt Purposes. The Grantee shall use the funds it receives from Sponsor solely for purposes of the Sponsored Program and shall not use such funds in any way that will jeopardize the tax-exempt status of Sponsor. The Grantee agrees to comply with any written request by Sponsor to cease activities that, in Sponsor’s reasonable judgment, might jeopardize the tax-tax- exempt status of Sponsor, and further agrees that Sponsor’s obligation to make funds available to the Grantee is suspended in the event that it fails to comply with any such request.

Tax-Exempt Purposes. The Grantee shall use the funds it receives from Sponsor pursuant to this Agreement solely for purposes of the Sponsored Program and shall not use such funds in any way that will jeopardize the tax-exempt status of Sponsor. The Grantee agrees to comply with any written request by Sponsor to cease activities that, in Sponsor’s reasonable judgment, might jeopardize the tax-exempt status of Sponsor, and further agrees that Sponsor’s obligation to make funds available to the Grantee is suspended in the event that it fails to comply with any such request.

Tax-Exempt Purposes. The Grantee shall use the funds it receives from Sponsor solely for purposes of the Sponsored Program and shall not use such funds in any way that will jeopardize the tax-exempt status of Sponsor. The Grantee agrees to comply with any written request by Sponsor to cease activities that, in Sponsor’s reasonable judgment, might jeopardize the tax-exempt status of Sponsor, and further agrees that SponsorXxxxxxx’s obligation to make funds available to the Grantee is suspended in the event that it fails to comply with any such request.