AGREEMENT ENDS Clause Samples
AGREEMENT ENDS. (a) Unless otherwise extended as specified in Article 8.3(c), below, this agreement ends as of 12:01 a.m. on the date following the date that transfer of ownership occurs.
(b) Change of Ownership is defined as follows:
(1) The change in an owner(s) that has/have 50% or more ownership constitutes a change of ownership.
(2) The merger of the SUDRF corporation (for-profit or not-for-profit) into another corporation, or the consolidation of two or more corporations, resulting in the creation of a new corporation, constitutes a change of ownership. The transfer of corporate stock or the merger of another corporation into the SUDRF corporation, however, does not constitute change of ownership. The transfer of title to property of the SUDRF corporation to another corporation(s), and the use of that property for the rendering of substance use treatment by the corporation(s) receiving it is a change of ownership.
(3) The lease of all or part of a SUDRF or a change in the SUDRF’s lessee constitutes change of ownership.
AGREEMENT ENDS. (a) Unless otherwise extended as specified in Article 9.3(b), this agreement ends as of 12:01 am on the date that transfer of ownership occurs.
(b) Change of Ownership is defined as follows:
(1) The change in an owner(s) that has/have 50% or more ownership constitutes change of ownership.
(2) The merger of the PHP corporation (for-profit or not-for-profit) into another corporation, or the consolidation of two or more corporations, resulting in the creation of a new corporation, constitutes change of ownership. The transfer of corporate stock or the merger of another corporation into the PHP corporation, however, does not constitute change of ownership. The transfer of title to property of the PHP corporation to another corporation(s), and the use of that property for the rendering of partial hospital care by the corporation(s) receiving it is essential for a change of ownership.
(3) The lease of all or part of an PHP or a change in the PHP’s lessee constitutes change of ownership.
AGREEMENT ENDS. (a) Unless otherwise extended as specified in Article 9.3(b), this agreement ends as of 12:01
a. m. on the date following the date that transfer of ownership occurs.
(b) Change of Ownership is defined as follows:
(1) The change in an owner(s) that has/have 50% or more ownership constitutes a change of ownership.
(2) The merger of the RTC corporation (for-profit or not-for-profit) into another corporation, or the consolidation of two or more corporations, resulting in the creation of a new corporation, constitutes a change of ownership. The transfer of corporate stock or the merger of another corporation into the RTC corporation, however, does not constitute change of ownership. The transfer of title to property of the RTC corporation to another corporation(s), and the use of that property for the rendering of RTC care by the corporation(s) receiving it is a change of ownership.
(3) The lease of all or part of an RTC or a change in the RTC’s lessee constitutes change of ownership.
AGREEMENT ENDS. (a) Unless otherwise extended as specified in Article 8.3(b) this agreement ends as of 12:01 am on the date that transfer of ownership occurs.
(b) Change of ownership is defined as follows:
(1) The change in an owner(s) that has/have 50% or more ownership constitutes change of ownership.
(2) The merger of the IOP corporation (for-profit or not-for-profit) into another corporation, or the consolidation of two or more corporations, resulting in the creation of a new corporation, constitutes change of ownership. The transfer of corporate stock or the merger of another corporation into the IOP corporation, however, does not constitute change of ownership. The transfer of title to property of the IOP corporation to another corporation(s), and the use of that property for the rendering of partial hospital care by the corporation(s) receiving it is essential for a change of ownership.
(3) The lease of all or part of an IOP or a change in the IOP’s lessee constitutes change of ownership.