Common use of Foreign Ownership and Control Clause in Contracts

Foreign Ownership and Control. 9.1 If the User is a private sector entity, which holds a CISD awarded Industrial Security Facility Security Clearance, the User shall report any change in organization ownership or control to the CISD. If CISD determines that as a result of a change in organization ownership or control the User is in a position of being under Foreign Ownership and Control, CISD shall report the Foreign Ownership and Control to CSE. If the user is a private sector entity with security requirements confirmation completed by a sponsoring federal government department in support of an MOA/MOU or other CSEC approved written agreement, the User shall report any change in organization ownership or control to the sponsoring department and CSE for review. In either case, if CSE determines that as a result of being under Foreign Ownership and the Control the User is no longer authorized to have possession or use of ACM, then this Agreement is terminated and the termination provision in section 18 shall apply.