HCC Clause Samples
The HCC (Hold Current Certificate) clause is designed to ensure that a party maintains a valid and up-to-date certification, license, or permit relevant to the agreement. In practice, this means the party must continuously possess and, if required, renew the necessary documentation throughout the contract term, such as a professional license or regulatory approval. This clause helps guarantee compliance with legal or industry standards, thereby reducing the risk of interruptions or legal issues due to expired or invalid credentials.
HCC. HCC is a corporation duly incorporated, validly existing and in good standing under the laws of California, and is a registered bank holding company under the Bank Holding Company Act of 1956, as amended. HCC has the requisite corporate power and authority to own or lease and operate all of its properties and assets and to carry on its business as is now being conducted. HCC is duly licensed or qualified to do business in each jurisdiction in which the nature of the business conducted by it or the character or location of the properties and assets owned or leased by it makes such licensing or qualification necessary, except where the failure to be so licensed or qualified would not reasonably be expected to, individually or in the aggregate, have a HCC Material Adverse Effect.
HCC. As of the Effective Date, Employees of HCC shall no longer be eligible to receive complimentary hotel rooms from Hyatt; provided, however, that Hyatt shall honor any confirmed complimentary rooms reserved by Employees of HCC on or prior to June 15, 2004 in accordance with the policy in effect immediately prior to the Effective Date even if such rooms are utilized after the Effective Date. The cost of such rooms shall be borne by Hyatt.
HCC. With respect to garnishments, tax levies, child support orders, and wage assignments in effect with HCC on the Closing for any Retained Employees, Hyatt shall honor such payroll deduction authorizations with respect to such Retained Employees and will continue to make payroll deductions and payments to the authorized payee, as specified by the court or governmental order which was filed with HCC on or before the Closing. HCC shall, as soon as practicable after the Closing provide Hyatt with such information in the possession of HCC (and not already in the possession of Hyatt) as may be reasonably requested by Hyatt and necessary for Hyatt to make the payroll deductions and payments to the authorized payee as required by this subsection (b).
HCC. HCC is a bank holding company organized under the laws of the State of California and registered as a bank holding company pursuant to the Bank Holding Company Act of 1956, as amended, having its principal place of business in San Jose, California.
HCC. HCC is a corporation duly organized, validly existing and in good standing under the laws of California, and is a registered bank holding company under the Bank Holding Company Act of 1956, as amended (“BHCA”). HCC has the requisite corporate power and authority to own or lease and operate all of its properties and assets and to carry on its business as is now being conducted. HCC is duly licensed or qualified to do business in each jurisdiction in which the nature of the business conducted by it or the character or location of the properties and assets owned or leased by it makes such licensing or qualification necessary, except where the failure to be so licensed or qualified would not reasonably be expected, individually or in the aggregate, to have a HCC Material Adverse Effect. HCC owns, beneficially and of record, all of the issued and outstanding shares of capital stock of HBC free and clear of any Liens, and such shares are duly authorized, validly issued, fully paid and nonassessable.