CHANGES IN ORGANIZATION Sample Clauses

The "Changes in Organization" clause defines the procedures and requirements for notifying and managing significant alterations in a party's corporate structure or ownership. This clause typically applies to events such as mergers, acquisitions, changes in control, or substantial asset transfers, and may require the affected party to provide advance written notice to the other party or obtain their consent. Its core practical function is to ensure transparency and allow the non-affected party to assess and address any potential risks or impacts arising from organizational changes, thereby maintaining the stability and integrity of the contractual relationship.
CHANGES IN ORGANIZATION. 11.1 There shall be no change in the Construction Manager’s Project Manager or other Key Personnel, as listed in the Cost Proposal, without prior written approval by the Department’s Contract Manager. If the Construction Manager obtains approval from the Department’s Contract Manager to add or substitute personnel, the Construction Manager must provide the Personnel Request Form, a copy of the resume for the additional or substituted personnel, along with a copy of the certified payroll for that person.
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CHANGES IN ORGANIZATION. Before the Board decides to make any change in the organizational structure of the College which would have an effect on the duties and responsibilities of any Administrator, notice of such a proposed change will be given to the Council. Upon request by the Council made within fourteen (14) days thereafter, the President or the President's designee shall meet with a committee of the Council to review the proposed changes and to receive its response and comments. Such comments will be considered before the proposed organizational change or any modification thereof is implemented. If the President disagrees with the committee's suggestions, the President will convey the reasons for disagreement in writing to the committee.
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CHANGES IN ORGANIZATION. No change in the corporate organization or structure of Borrower shall discharge or otherwise affect any Guarantor's liabilities hereunder.
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CHANGES IN ORGANIZATION. A. Whenever the President determines that it is in the best interest of the College to eliminate, redefine, reclassify, or create any administrative position, or to effect other organizational changes in the administrative structure, Association shall be informed in writing. This written notification must include:
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CHANGES IN ORGANIZATION. Debtor agreements to immediately notify the Secured Party and UMB Bank, N.A., as Trustee in writing if Debtor changes its place of formation, changes its form of organization, changes its name or takes any other action which could affect the property location for filing of Uniform Commercial Code financing statements or continuation statements or which could render existing filings seriously misleading or invalid and promptly deliver to the Secured Party or UMB Bank, N.A., as Trustee such additional information or documentation regarding such change as such parties may reasonably request for the purpose of amending and/or refilling, at the expense of the Debtor , as may be reasonably determined to be necessary by the Secured Party or UMB Bank, N.A., as Trustee and their respective counsel.
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CHANGES IN ORGANIZATION. The Participant shall furnish the District with maps showing the boundaries of the Participant and showing the service area or areas of the Participant’s water distribution system. Throughout the term of the Contract, the Participant shall promptly notify the District of any changes in said boundaries and in said service area or areas occasioned either by addition or by removal of territory. So long as there are outstanding any Municipal Obligations, the Participant shall take no action to remove any lands from the Participant or its service areas without the prior written consent of the District.
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CHANGES IN ORGANIZATION. No Grantor will, except upon prior written notice to the Administrative Agent and delivery to the Administrative Agent of (a) all additional financing statements (executed if necessary for any particular filing jurisdiction) and other instruments and documents reasonably requested by the Administrative Agent to maintain the validity, perfection and priority of the Security Interests and (b) a written supplement to the Schedules of this Agreement, change its jurisdiction of organization from that identified on Schedule 3.6: (i) change its jurisdiction of organization or the location of its chief executive office or principal place of business (or the location where any Grantor maintains its principal location of books and records relating to Accounts, Documents, General Intangibles, Instruments and Investment Property in which it has any interest) from that identified on Schedule 3.6; or (ii) change its name, identity or corporate or organizational structure to such an extent that any financing statement filed by the Administrative Agent in connection with this Agreement would become seriously misleading under the UCC.
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Related to CHANGES IN ORGANIZATION

  • Changes in Organizational Documents Each of the Loan Parties shall not amend, modify or change its certificate of incorporation (including any provisions or resolutions relating to capital stock), constitution, by-laws, certificate of limited partnership, partnership agreement, certificate of formation, limited liability company agreement or other organizational documents in any manner materially adverse to the interests of the Lenders without obtaining the prior written consent of the Required Lenders.

  • Changes in Ownership A-E agrees that if there is a change or transfer in ownership, including but not limited to merger by acquisition, of A-E’s business prior to completion of this Contract, the new owners shall be required under terms of sale or other transfer to assume A-E’s duties and obligations contained in this Contract and to obtain the written approval of County of such merger or acquisition, and complete the obligations and duties contained in the Contract to the satisfaction of County. A- E agrees to pay, or credit toward future work, County’s costs associated with processing the merger or acquisition.

  • Incorporation and Organization The Corporation has been incorporated or formed, as the case may be, is organized and is a valid and subsisting corporation or partnership, as the case may be, under the laws of its jurisdiction of existence and has all requisite corporate power and capacity to carry on its business as now conducted or proposed to be conducted and to own or lease and operate the property and assets thereof.

  • Organization of Company The Company, a corporation duly organized, validly existing and in good standing under the laws of the State of Illinois and the Company is legally qualified to transact business in Illinois. The Company has full power and authority to own or lease and to operate and use its assets and to carry on its business at the Project. There is no pending or threatened proceeding for the dissolution, liquidation, insolvency, or rehabilitation of the Company.

  • Changes in Name, etc Such Grantor will not, except upon 15 days’ prior written notice to the Administrative Agent and delivery to the Administrative Agent of all additional executed financing statements and other documents reasonably requested by the Administrative Agent to maintain the validity, perfection and priority of the security interests provided for herein, (i) change its jurisdiction of organization or the location of its chief executive office or sole place of business or principal residence from that referred to in Section 4.3 or (ii) change its name.