Successors, Assigns, And Agents Sample Clauses

Successors, Assigns, And Agents. (a) If we change our name, reorganize, merge with or are purchased by another organization, or come under the control of any government agency, that entity shall automatically become the custodian or trustee of your HSA, but only if it is qualified under the IRS Rules to serve as an HSA custodian or trustee. If the new entity is not qualified to be an HSA custodian or trustee, the HSA will be terminated effective as of the date the new entity takes control and all funds in your HSA will be distributed in accordance with the termination provisions set forth herein.

Successors, Assigns, And Agents. While a CBA may be negotiated between community groups and a developer, a huge number of other parties may have responsibilities in implementing the CBA requirements. These would include the following: New development entities that come into the project to work with, or replace, the original developer 220 Community Benefits Agreements Parties to whom the original developer sells parcels of the property Management companies responsible for leasing, contracting, and other aspects of project operation Tenants renting space within the project Construction contractors or service contractors retained by developers, subsequent landowners, tenants, or other contractors From a legal perspective, some of these parties may be successors-in-interest, some may be assignees, some may be agents, and some may simply be par- ties to a relevant contractual relationship, like a service contract. There may be many “links” in the contractual “chain” between the parties to a CBA and the entity eventually charged with implementing certain CBA terms, like a custodial contractor retained by a tenant in the project. Requirements related to employment of workers in the project, like living-wage or local hiring poli- cies, always present these issues and are usually among the highest priorities for community coalitions negotiating a CBA. This situation is fraught with potential for difficulty in implementation of a CBA. Late-arriving parties like project employers may have responsi- bilities under a CBA, but none of them is likely to have a direct contractual relationship with the community groups. Since a CBA is negotiated before project approval, neither the identity of these many parties nor the particu- lars of the many contractual relationships will be known before CBA execu- tion. None of these parties will have developed a working relationship with the signing community groups at the time they are asked to take on CBA responsibilities—and those community groups will already have performed their responsibilities under the CBA, before project approval, so parties com- ing into the project at a later date may have little need for continued com- munity support. It is therefore essential that CBAs contain clear language delineating which responsibilities flow to which entities, and what contractual steps are necessary on the part of the original developer to ensure that all relevant parties take on their obligations in an enforceable manner. Several existing CBAs contain detailed l...