CHANGE IN OWNER Clause Samples

CHANGE IN OWNER. You, as the Owner, may change the Owner(s) of this Contract at any time after the Contract Date by sending notice to us using a properly completed change of ownership administrative form. The change of Owner will become effective as of the date the notice is signed, unless otherwise specified by the Owner, subject to any payments made or actions taken by the Company prior to receipt of this notice. A change of Owner request may be refused in a non-discriminatory manner in order to comply with any applicable laws or regulations, including Rule 12h-7 or successor regulations under the Securities Exchange Act of 1934, as amended. A change of Owner will automatically revoke any prior designation of Owner.

CHANGE IN OWNER. Any changes in Owner designation, unless otherwise specified by the Owner, shall take effect on the date the notice of change is signed by the Owner, subject to any payments made or actions taken by us prior to receipt of this notice.