Common use of Significant Event Clause in Contracts

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 disposal of major assets; 7.4.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 any significant termination or addition of provider contracts; 7.4.4 the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 known or anticipated sale, merger, or acquisition; 7.4.8 known, planned or anticipated stock sales; 7.4.9 any litigation against the Contractor; or 7.4.10 significant change in market share or product focus.

Appears in 42 contracts

Sources: Contract for Network Perception Live and View Licenses With Tech Support, Contract for Oem Parts and Repair Services, Contract

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 7.3.1 disposal of major assets; 7.4.2 7.3.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 7.3.3 any significant termination or addition of provider contracts; 7.4.4 7.3.4 the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 7.3.5 strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 7.3.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 7.3.7 known or anticipated sale, merger, or acquisition; 7.4.8 7.3.8 known, planned or anticipated stock sales; 7.4.9 7.3.9 any litigation against the Contractor; or 7.4.10 7.3.10 significant change in market share or product focus.

Appears in 5 contracts

Sources: Contract for Online Safety Training and Class Course Material Services, Contract No. Ma 8500 20061100058, Contract for Services

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 7.2.1 disposal of major assets; 7.4.2 7.2.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 7.2.3 any significant termination or addition of provider contracts; 7.4.4 7.2.4 the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 7.2.5 strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 7.2.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 7.2.7 known or anticipated sale, merger, or acquisition; 7.4.8 7.2.8 known, planned or anticipated stock sales; 7.4.9 7.2.9 any litigation against the Contractor; or 7.4.10 7.2.10 significant change in market share or product focus.

Appears in 3 contracts

Sources: Contract for Services, Contract No. 2200 Ga190000067, Contract for Provision of Services

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 6.4.1 disposal of major assets; 7.4.2 6.4.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 6.4.3 any significant termination or addition of provider contracts; 7.4.4 6.4.4 the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 6.4.5 strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 6.4.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 6.4.7 known or anticipated sale, merger, or acquisition; 7.4.8 6.4.8 known, planned or anticipated stock sales; 7.4.9 6.4.9 any litigation against the Contractor; or 7.4.10 6.4.10 significant change in market share or product focus.

Appears in 2 contracts

Sources: Contract, Contract for Sale and Removal of Compost Material

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 7.7.1 disposal of major assets; 7.4.2 7.7.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 7.7.3 any significant termination or addition of provider contracts; 7.4.4 7.7.4 the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 7.7.5 strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 7.7.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 7.7.7 known or anticipated sale, merger, or acquisition; 7.4.8 7.7.8 known, planned or anticipated stock sales; 7.4.9 7.7.9 any litigation against the Contractor; or 7.4.10 7.7.10 significant change in market share or product focus.

Appears in 2 contracts

Sources: Contract for Digital Signage Services, Citizen Engagement & Communications Platform Contract

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to consist of the following: 7.4.1 disposal of major assets; 7.4.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 any significant termination or addition of provider contracts; 7.4.4 the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 known or anticipated sale, merger, or acquisition; 7.4.8 known, planned or anticipated stock sales; 7.4.9 any litigation against the Contractor that is expected to have a material impact on Contractor’s liquidity; or 7.4.10 7.4.9 significant change in market share or product focus.

Appears in 1 contract

Sources: Consulting Services Agreement

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following:: MA 2200 NS190000034 8 Revised 06-26-2019 7.4.1 disposal of major assets; 7.4.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 any significant termination or addition of provider contracts; 7.4.4 the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 known or anticipated sale, merger, or acquisition; 7.4.8 known, planned or anticipated stock sales; 7.4.9 any litigation against the Contractor; or 7.4.10 significant change in market share or product focus.

Appears in 1 contract

Sources: Selective Service Contract

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 8.4.1 disposal of major assets; 7.4.2 8.4.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 8.4.3 any significant termination or addition of provider contracts; 7.4.4 8.4.4 the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 8.4.5 strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 8.4.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 8.4.7 known or anticipated sale, merger, or acquisition; 7.4.8 8.4.8 known, planned or anticipated stock sales; 7.4.9 8.4.9 any litigation against the Contractor; or 7.4.10 8.4.10 significant change in market share or product focus.

Appears in 1 contract

Sources: Aquatic Safety Services Contract

Significant Event. The Contractor Consultant shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the ContractorConsultant's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 7.3.1 disposal of major assets; 7.4.2 7.3.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 7.3.3 any significant termination or addition of provider contracts; 7.4.4 7.3.4 the ContractorConsultant’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 7.3.5 strikes, slow-downs or substantial impairment of the ContractorConsultant’s facilities or of other facilities used by the Contractor Consultant in the performance of this Contract; 7.4.6 7.3.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 7.3.7 known or anticipated sale, merger, or acquisition; 7.4.8 7.3.8 known, planned or anticipated stock sales; 7.4.9 7.3.9 any litigation against the ContractorConsultant; or 7.4.10 7.3.10 significant change in market share or product focus.

Appears in 1 contract

Sources: Strategic Discovery Consulting Services

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 disposal of major assets; 7.4.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 any significant termination or addition of provider contracts; 7.4.4 the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 known or anticipated sale, merger, or acquisition; 7.4.8 known, planned or anticipated stock sales; 7.4.9 any litigation against the Contractor; or; 7.4.10 significant change in market share or product focus.; or 7.4.11 a disclosure of Confidential Information as defined in Paragraph 7.10 herein

Appears in 1 contract

Sources: Contract for Consulting Services

Significant Event. The Contractor shall immediately notify the City’s Contract Manager as quickly as is reasonably possible of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 7.3.1 disposal of major assets; 7.4.2 7.3.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 7.3.3 any significant termination or addition of provider contracts; 7.4.4 7.3.4 the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 7.3.5 strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 7.3.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 7.3.7 known or anticipated sale, merger, or acquisition; 7.4.8 7.3.8 known, planned or anticipated stock sales; 7.4.9 7.3.9 any litigation against the Contractor; or 7.4.10 7.3.10 significant change in market share or product focus.

Appears in 1 contract

Sources: Contract for Online Safety Training and Class Course Material Services

Significant Event. The Contractor shall immediately notify the City’s 's Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 disposal of major assets; 7.4.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 any significant termination or addition of provider contracts; 7.4.4 the Contractor’s 's insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 strikes, slow-downs or substantial impairment of the Contractor’s 's facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 known or anticipated sale, merger, or acquisition; 7.4.8 known, planned or anticipated stock sales; 7.4.9 any litigation against the Contractor; or 7.4.10 significant change in market share or product focus.

Appears in 1 contract

Sources: Professional Services

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 4.1. disposal of major assets; 7.4.2 4.2. any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 4.3. any significant termination or addition of provider contracts; 7.4.4 4.4. the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 4.5. strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 4.6. reorganization, reduction and/or relocation in key personnel; 7.4.7 known ; 4.7.known or anticipated sale, merger, or acquisition; 7.4.8 known; 4.8.known, planned or anticipated stock sales; 7.4.9 any litigation against the Contractor; or 7.4.10 significant change in market share or product focus.

Appears in 1 contract

Sources: Mobile Application Contract

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 disposal Disposal of major assets; 7.4.2 any Any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contractcontract; 7.4.3 any Any significant termination or addition of provider contracts; 7.4.4 the The Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 strikesStrikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contractcontract; 7.4.6 reorganizationReorganization, reduction and/or relocation in key personnelpersonnel such as, but not limited to, customer service representatives or claims adjusters; 7.4.7 known Known or anticipated sale, merger, or acquisition; 7.4.8 knownKnown, planned or anticipated stock sales; 7.4.9 any Any litigation filed by a member against the Contractor; or 7.4.10 significant Significant change in market share or product focus.

Appears in 1 contract

Sources: Service Contract

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 disposal of major assets; 7.4.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 any significant termination or addition of provider contracts; 7.4.4 the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings;; Recon Services Inc. 8 7.4.5 strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 known or anticipated sale, merger, or acquisition; 7.4.8 known, planned or anticipated stock sales; 7.4.9 any litigation against the Contractor; or 7.4.10 significant change in market share or product focus.

Appears in 1 contract

Sources: Contract

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 disposal of major assets; 7.4.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 any significant termination or addition of provider contracts; 7.4.4 the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 known or anticipated sale, merger, or acquisition; 7.4.8 known, planned or anticipated stock sales; 7.4.9 any significant litigation against the Contractor; or 7.4.10 significant change in market share or product focus.

Appears in 1 contract

Sources: Kiosk Maintenance Agreement

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 7.1.1 disposal of major assets; 7.4.2 7.1.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 7.1.3 any significant termination or addition of provider contracts; 7.4.4 7.1.4 the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings;; Service Contract 6 Revised Jan 2016 7.4.5 7.1.5 strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 7.1.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 7.1.7 known or anticipated sale, merger, or acquisition; 7.4.8 7.1.8 known, planned or anticipated stock sales; 7.4.9 7.1.9 any litigation against the Contractor; or 7.4.10 7.1.10 significant change in market share or product focus.

Appears in 1 contract

Sources: Hosted Software Subscription and Services Agreement

Significant Event. The Contractor shall immediately notify the City’s Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 7.1.1 disposal of major assets; 7.4.2 7.1.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 7.1.3 any significant termination or addition of provider contracts; 7.4.4 7.1.4 the Contractor’s insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 7.1.5 strikes, slow-downs or substantial impairment of the Contractor’s facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 7.1.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 7.1.7 known or anticipated sale, merger, or acquisition; 7.4.8 7.1.8 known, planned or anticipated stock sales;; Health Technology Professional Products 2-28-13 7 7.4.9 7.1.9 any litigation against the Contractor; or 7.4.10 7.1.10 significant change in market share or product focus.

Appears in 1 contract

Sources: Contract for Services

Significant Event. The Contractor shall immediately notify the City’s 's Contract Manager of any current or prospective “significant event” on an ongoing basis. All notifications shall be submitted in writing to the Contract Manager. As used in this provision, a “significant event” is any occurrence or anticipated occurrence which might reasonably be expected to have a material effect upon the Contractor's ability to meet its contractual obligations. Significant events may include but not be limited to the following: 7.4.1 7.3.1 disposal of major assets; 7.4.2 7.3.2 any major computer software conversion, enhancement or modification to the operating systems, security systems, and application software, used in the performance of this Contract; 7.4.3 7.3.3 any significant termination or addition of provider contracts; 7.4.4 7.3.4 the Contractor’s 's insolvency or the imposition of, or notice of the intent to impose, a receivership, conservatorship or special regulatory monitoring, or any bankruptcy proceedings, voluntary or involuntary, or reorganization proceedings; 7.4.5 7.3.5 strikes, slow-downs or substantial impairment of the Contractor’s 's facilities or of other facilities used by the Contractor in the performance of this Contract; 7.4.6 7.3.6 reorganization, reduction and/or relocation in key personnel; 7.4.7 7.3.7 known or anticipated sale, merger, or acquisition; 7.4.8 7.3.8 known, planned or anticipated stock sales; 7.4.9 7.3.9 any litigation against the Contractor; or 7.4.10 7.3.10 significant change in market share or product focus.

Appears in 1 contract

Sources: Contract for Services