Corporate Status; Change of Ownership Sample Clauses

The "Corporate Status; Change of Ownership" clause defines the obligations of a party to disclose and sometimes seek consent for significant changes in its corporate structure or ownership. Typically, this clause requires a company to notify the other party if there is a merger, acquisition, or transfer of a controlling interest, and may restrict such changes without prior approval. Its core function is to ensure transparency and protect the interests of the other party by preventing unexpected shifts in control or risk that could affect the contractual relationship.
Corporate Status; Change of Ownership. If Vendor is a non-governmental, corporate entity: a. Corporate Status. Vendor shall ensure that the corporate status shall continuously be in good standing and active and current with the state of its incorporation and the State of Florida and at all times throughout the Term, and any renewal or extension hereof. Failure of the Vendor to keep its corporate status active and current shall constitute a material breach under the terms of this Agreement.
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Corporate Status; Change of Ownership. If Firm is a non-governmental, corporate entity: a. Corporate Status. Firm shall ensure that the corporate status shall continuously be in good standing and active and current with the state of its incorporation and the State of Florida and at all times throughout the Term, and any renewal or extension hereof. Failure of the Firm to keep its corporate status active and current shall constitute a material breach under the terms of this Agreement.
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Corporate Status; Change of Ownership. If Contractor is a non-governmental, corporate entity: a. Corporate Status. Contractor shall ensure that the corporate status shall continuously be in good standing and active and current with the state of its incorporation and the State of Florida and at all times throughout the Term, and any renewal or extension hereof. Failure of the Contractor to keep its corporate status active and current shall constitute a material breach under the terms of this Agreement.
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Corporate Status; Change of Ownership. If Consultant is a non-governmental, corporate entity: a. Corporate Status. Consultant shall ensure that the corporate status shall continuously be in good standing and active and current with the state of its incorporation and the State of Florida and at all times throughout the Term, and any renewal or extension hereof. Failure of the Consultant to keep its corporate status active and current shall constitute a material breach under the terms of this Agreement.
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Corporate Status; Change of Ownership. If GMDBC is a non-governmental, corporate entity: a. Corporate Status. GMDBC shall ensure that the corporate status shall continuously be in good standing and active and current with the state of its incorporation and the State of Florida and at all times throughout the Term, and any renewal or extension hereof. Failure of the GMDBC to keep its corporate status active and current shall constitute a material breach under the terms of this Agreement.
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Corporate Status; Change of Ownership. If Advisor is a non-governmental, corporate entity: a. Corporate Status. Advisor shall ensure that the corporate status shall continuously be in good standing and active and current with the state of its incorporation and the State of Florida and at all times throughout the Term, and any renewal or extension hereof. Failure of the Advisor to keep its corporate status active and current shall constitute a material breach under the terms of this Agreement.
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Corporate Status; Change of Ownership. If the provider is a corporate entity: a. Corporate Status. The provider shall ensure that the corporate status is continuously in good standing and active and current with the state of its incorporation and the State of Florida, at all times throughout the term, and any renewal or extension hereof. Failure of the Provider to keep its corporate status active and current shall constitute a material breach under the terms of this Agreement.
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Corporate Status; Change of Ownership. If The Dragon Sister’s Team is a non-governmental, corporate entity:
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Corporate Status; Change of Ownership 
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Related to Corporate Status; Change of Ownership

  • Change of Ownership Contractor agrees that if there is a change or transfer in ownership of Contractor’s business prior to completion of this Contract, the new owners shall be required under terms of sale or other transfer to assume Contractor’s duties and obligations contained in this Contract and complete them to the satisfaction of County.

  • Change in Employment Status The District shall promptly notify the OEA Membership Specialist whenever an employee in the bargaining unit is placed on an unpaid leave of absence, retires, is laid off, resigns, or changes their name.

  • Change in Ownership Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.