NOTIFICATION OF STATUS CHANGE Sample Clauses

The Notification of Status Change clause requires a party to promptly inform the other party of any significant changes in circumstances that may affect the agreement. This could include changes such as a company’s ownership, financial condition, or legal standing. By mandating timely communication of such changes, the clause ensures transparency and allows both parties to assess and address any potential impacts on their contractual relationship.
NOTIFICATION OF STATUS CHANGE. 15.1. The Seller agrees to provide prompt notification to the Buyer of any event or change in circumstances that could affect the Seller’s performance of the Order such as assignment of consent agreement, change in place of performance, decrease in manufacturing capacity, diminishing manufacturing sources or material shortages, increase in production requirements, labour reductions, financial or organizational conflicts of interest, and significant financial conditions requiring any of the preceding changes. 15.2. Sellers that provided anti-corruption compliance due diligence information (e.g., related to its ownership and personnel, subsidiaries and third parties, the due diligence questionnaire, and related certifications) to a Buyer representative or through the Buyer’s Global Trust website shall provide the Buyer with prompt notification and details of any changes to information contained in such due diligence materials, and agrees to promptly cooperate with the Buyer and provide additional information reasonably requested in relation to such changes. In the event of a material change to information contained in the due diligence material supplied to the Buyer, the Buyer reserves the right to suspend performance under this Contract by providing written notice to the Seller in order for the Buyer to conduct additional anti-corruption due diligence upon such changed circumstances. 15.3. The Seller shall notify the Buyer of any proposed change in Control within thirty (30) days prior to such event. The notice shall describe in reasonable detail the proposed transaction structure and any proposed changes to management, operations, domicile, key locations, the board of directors and/or ownership (along with a commitment to cooperate with the Buyer and provide additional information reasonably requested related to such proposed change in Control). The Seller shall not effect a change in Control without prior, written consent from Buyer, such consent not to be unreasonably withheld. For purposes of this Contract, “Control” means the power, directly or indirectly, to (a) vote more than fifty (50) percent of the securities that have ordinary voting power for the election of the Seller’s directors; or (b) direct, or cause the direction of, the management and policies of the Seller whether by voting power, contract, or otherwise. If a person obtains Control by acquiring more than fifty (50) percent of the securities that have ordinary voting power for the electio...
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NOTIFICATION OF STATUS CHANGE. The CONTRACTOR shall immediately notify the DEPARTMENT in writing of any change in the status of any accreditations, regulations, professional, program or other licenses or certifications in any jurisdiction in which they provide services or conduct business. If this change in status is the result of the CONTRACTOR’s accreditation, licensure, or certification being suspended, revoked, or otherwise impaired in any jurisdiction, the CONTRACTOR understands that such change may be grounds for termination of the Contract. CONTRACTOR shall notify the DEPARTMENT of any criminal charges against or criminal investigations of CONTRACTOR.
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NOTIFICATION OF STATUS CHANGE. Employees shall promptly notify the Human Resources Department in writing in the event of any of the following changes: (1) marital status (including designation of spouse for Insurance and/or Bereavement Leave purposes if spouse for such purpose is other than the person to whom the employee is legally married). (2) name change; (3) address change; (4) telephone number change; (5) change in number of dependents; (6) change of name and telephone of person you wish notified in case of emergency; (7) change in an insurance or pension plan beneficiary; (8) change in bank and/or bank account number; (9) insurable status for positive enrolment of dependents, including names and ages of spouse and each dependent child, spouse’s group health insurance carrier and group health policy number.
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NOTIFICATION OF STATUS CHANGE. Whenever an employee’s family status changes due to marriage, divorce, birth of a child, a child becoming 18 years of age, or other similar occurrences, the employee is required to immediately notify the Township Fiscal Officer in writing. Employees failing to timely notify the Township Fiscal Officer of any family status change, shall be required to reimburse the Township for any expenses or costs incurred by the Township due to such failure. This shall include, but not be limited to, findings against the Township or its officials by the State Auditor which result from the employee’s failure to notify the Township Fiscal Officer of a family status change.
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Related to NOTIFICATION OF STATUS CHANGE

  • Confirmation of Status The parties confirm that the Asset Representations Reviewer is not responsible for (a) reviewing the Receivables for compliance with the representations and warranties under the Transaction Documents, except as described in this Agreement, or (b) determining whether noncompliance with the representations or warranties constitutes a breach of the Transaction Documents.

  • Designation of Start-up Day The Closing Date is hereby designated as the "start-up day" of each of the Upper-Tier REMIC and Lower-Tier REMIC within the meaning of Section 860G(a)(9) of the Code.

  • Change of Status A part-time employee whose status is altered to full-time will be given credit for seniority and service on the basis of fifteen hundred (1500) paid hours being equivalent to one (1) year of full-time seniority and service and vice-versa. In addition, an employee whose status is so altered will be given credit for hours accumulated since date of last advancement proportionate to a full year. Note: Provisions relating to retention of sick leave credits on transfer to part-time status will be dealt with under the sick leave issue and will not be deleted by this standard language. Similar treatment will apply to provisions on vacation or other credits on transfer.

  • Notification of Change The Cardholder shall promptly notify AEON Credit in writing, via e-mail or phone call of any change in his employment or business, address (office or residential) or telephone number(s) or if the Cardholder intends to be absent from Malaysia for more than Thirty (30) days. Notification of change(s) may be made by completing the “Change of Personal Details” form online at ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇, by email to ▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇, by calling AEON Credit Customer Care Centre at ▇▇-▇▇▇▇ ▇▇▇▇ or by writing in to AEON Credit Service (M) Berhad, Level 18, UOA Corporate Tower, Avenue ▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇. ▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇.

  • Status Change Upon the termination of the Optionee’s Employment, this Option shall continue or terminate, as and to the extent provided in the Plan and this Agreement.