Common use of Corporate Status; Change of Ownership Clause in Contracts

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.

Appears in 14 contracts

Sources: Quality Assurance and Staffing Agreement, Quality Assurance and Staffing Agreement, Building Fee Update Study Agreement