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: 5.3.1. religious, charitable, educational, literary and scientific purposes, including the operation of Christian churches, schools, colleges, universities and seminaries; 5.3.2. Christian missionary organizations, evangelistic ministries, and other religious ministries; 5.3.3. Christian public forums or panels, public lectures or similar programs; 5.3.4. museums, fine art institutions and other educational organizations or functions; 5.3.5. the advancement of the principles of the Christian religion; 5.3.6. the advancement of Christian education; 5.3.7. the advancement of science; 5.3.8. the relief of the poor or distressed or underprivileged; 5.3.9. the defense of human and civil rights secured by law; 5.3.10. the combating of community deterioration; 5.3.11. the erection or maintenance of public monuments or buildings; 5.3.12. the lessening of the burdens of government; 5.3.13. the obtaining of scientific information to be made available to those of the general public interested in such information; 5.3.14. the aiding of the discovery of cures for diseases; or 5.3.15. organizations exempt from taxation under Section 501(c)(3) of the Internal Revenue Code (or the corresponding provision of any future United States internal revenue law).

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: 5.3.1. religious, charitable, educational, literary and scientific purposes, including the operation of Christian churches, schools, colleges, universities and seminaries; 5.3.2. Christian missionary organizations, evangelistic ministries, and other religious ministries; 5.3.3. Christian public forums or panels, public lectures or similar programs; 5.3.4. museums, fine art institutions and other educational organizations or functions; 5.3.5. the advancement of the principles of the Christian religion; 5.3.6. the advancement of Christian education; 5.3.7. the advancement of science; 5.3.8. the relief of the poor or distressed or underprivileged; 5.3.9. the defense of human and civil rights secured by law; 5.3.10. the combating of community deterioration; 5.3.11. the erection or maintenance of public monuments or buildings; 5.3.12. the lessening of the burdens of government; 5.3.13. the obtaining of scientific information to be made available to those of the general public interested in such information; 5.3.14. the aiding of the discovery of cures for diseases; or 5.3.15. organizations exempt from taxation under Section 501(c)(3) of the Internal Revenue Code (or the corresponding provision of any future United States internal revenue law).