CHANGE IN MCO ORGANIZATION OR OPERATION Sample Clauses

CHANGE IN MCO ORGANIZATION OR OPERATION. Any Changes to the MCO organizational structure or business operations must be approved in advance by the Bureau in writing. The MCO shall submit any proposed Change to the Bureau at least ninety (90) days in advance of the proposed effective date of the Change, unless the Bureau approves in advance a shorter period. The MCO shall comply with the Bureau's Merger and Acquisition Policy, which is attached hereto as Appendix D. For purposes of this Agreement "Change" means a reorganization, consolidation, merger or other combination with an unaffiliated party, the acquisition of substantially all the assets of the MCO by an unaffiliated party, any action causing the dissolution, insolvency or voluntary bankruptcy of the MCO, a change in the right to appoint, reelect or approve more than fifty percent (50%) of the directors or members of the controlling body of the MCO, or the MCO's becoming subject to a management agreement that covers all or substantially all the business operations of the MCO or any subcontractor or change in subcontractors, or any material change in the business operations of the MCO, including but not limited to changes in information technology or systems. Any unapproved Change to the MCO organizational structure or business operations shall permit the Bureau at its discretion to terminate this Agreement in accordance with the provisions of Section 5B of this Agreement.
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Related to CHANGE IN MCO ORGANIZATION OR OPERATION

  • Change in Management Permit a change in the senior management of Borrower.

  • Change in Ownership of the Company A change in the ownership of the Company which occurs on the date that any one person, or more than one person acting as a group (“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than 50% of the total voting power of the stock of the Company, except that any change in the ownership of the stock of the Company as a result of a private financing of the Company that is approved by the Board will not be considered a Change of Control; or

  • Technical and Organizational Measures The following sections define SAP’s current technical and organizational measures. SAP may change these at any time without notice so long as it maintains a comparable or better level of security. Individual measures may be replaced by new measures that serve the same purpose without diminishing the security level protecting Personal Data.

  • Change in Effective Control of the Company A change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this clause (ii), if any Person is considered to be in effective control of the Company, the acquisition of additional control of the Company by the same Person will not be considered a Change of Control; or

  • Organization of the Company The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada.