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.
Appears in 12 contracts
Sources: Canal Maintenance Services Agreement, Canal Maintenance Services Agreement, Construction Contract