Common use of NOTIFICATION OF STATUS CHANGES Clause in Contracts

NOTIFICATION OF STATUS CHANGES. Seller shall promptly notify ▇▇▇▇▇’s Authorized Representative in writing upon becoming aware of or having any reasonably certain basis to expect any event or change in circumstances that could affect Seller’s performance under this Agreement, including (without limitation) any change in size or socioeconomic status, change in nontraditional defense contractor status, change in ownership or control, ineligibility to contract with U.S.G., debarment, assignment of consent agreement, designation under U.S. or foreign sanctions laws and regulations, expiration or cancellation of ITAR registration, potential violation of Export and Sanctions Laws and Regulations (or authorizations issued thereunder), initiation or existence of a U.S.G. investigation, change in place of performance, decrease in manufacturing capacity, diminishing manufacturing sources or material shortages, increase in production requirements, labor reductions, financial or organizational conflicts of interest, and financial conditions requiring any of the preceding changes.