Common use of Tax-Exempt Purposes Clause in Contracts

Tax-Exempt Purposes. So long as this Agreement shall be in effect, the Ministry shall continue to be organized, and use the charitable gift portion of any Annuities distributed to the Ministry, or, if reinsured, the present value of the otherwise-anticipated future proceeds of such gift portion, exclusively for any one or more of the following purposes:

Appears in 3 contracts

Samples: Engagement Agreement, Engagement Agreement, Engagement Agreement

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Tax-Exempt Purposes. So long as this Indemnity Agreement shall be in effect, the Ministry shall continue to be organized, and use the charitable gift portion of any Annuities distributed to the Ministry, or, if reinsured, the present value of the otherwise-anticipated future proceeds of such gift portion, exclusively for any one or more of the following purposes:

Appears in 1 contract

Samples: Indemnity Agreement

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