Tax-Exempt Organization definition

Tax-Exempt Organization means a "governmental unit," as such term is used in Sections 141 and 148 of the Code.

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Tax-Exempt Organization means any tax-exempt organization other than a governmental unit or a church or qualified church-controlled organization within the meaning of Code §3121(w)(3).

Tax-Exempt Organization means a nonprofit organization, organized under the laws of the United States of America or any state thereof, that is an organization described in Section 501(c)(3) of the Internal Revenue Code, is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code, and is not a “private foundation” within the meaning of Section 509(a) of the Internal Revenue Code, or corresponding provisions of federal income tax laws from time to time in effect.

Examples of Tax-Exempt Organization in a sentence

This Lease shall terminate if Tenant does not maintain its status as a not-for-profit entity and a Tax-Exempt Organization as recognized by the Internal Revenue Service.
Tenant covenants and agrees that it has not and shall not perform any act or enter into any agreement which shall adversely affect its status as a Tax-Exempt Organization and shall conduct its operations so as to maintain its status as a charitable organization within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”) which is exempt from federal income taxes under Section 501(a) of the Code, or any successor provisions of federal income tax law.
The Tenant agrees to limit its use of the Leased Premises to the following operations, activity and functions: General office purposes, fitness training, sport training, research, education and comparable uses consistent with its Tax-Exempt Organization purposes.
There has been no change or threatened change in the status of the Corporation as a Tax-Exempt Organization as of the date of this Tax Agreement.
In executing this Agreement, Donor certifies and covenants that it is and will continue to be, for the duration of the life of this Agreement, a Tax-Exempt Organization.

More Definitions of Tax-Exempt Organization

Tax-Exempt Organization means (i) a Person organized under the laws of the United States of America or any state thereof which is an organization described in Section 501(c)(3) of the Code, which is exempt from federal income taxation under Section 501(a) of the Code, and which is not a “private foundation” within the meaning of Section 509(a) of the Code, or corresponding provisions of federal income tax laws from time to time in effect, or (ii) a “governmental unit” as that term is used in Sections 103 and 145 of the Code.

Tax-Exempt Organization means a Governmental Unit or a 501(c)(3)

Tax-Exempt Organization means an organization described in

Tax-Exempt Organization means an organization described in Section 501(c) of the Internal Revenue Service Code (26 U.S.C. § 501(c)).

Tax-Exempt Organization means a nonprofit corporation organized and existing under the laws of one of the states of the United States which is an organization described in Section 501(c)(3) of the Code, exempt from federal income taxes under Section 501(a) of the Code or any successor provision of similar import hereafter enacted.

Tax-Exempt Organization means a nonprofit organization, organized under the laws of the United States of America or any state, that is described in Code § 501(c)(3) and is exempt from federal income taxes under Code § 501(a).

Tax-Exempt Organization means a Person organized under the laws of the United States of America or any state thereof which is an organization described in Section 501(c)(3) of the Code and exempt from federal income taxes under Section 501(a) of the Code, or corresponding provisions of federal income tax laws from time to time in effect.