Major Organizational Changes Sample Clauses

Major Organizational Changes. The Parties agree that in order for efficient and effective communication to occur, clear lines of authority and areas of responsibility need to be identified for each Party. Each Party agrees to promptly notify the other in the event of any material change in personnel, address, or phone number. The Contractor recognizes and agrees that award of the Contract was predicated upon features of Contractor’s business organization as represented by the Contractor in their response to the RFP. If the Contractor transfers or sells fifty percent (50%) or more of its equity shareholder interests or allows a sale of substantially all of its assets, the Contractor shall notify the Department in writing no less than thirty (30) Calendar Days prior to such transfer or sale.
AutoNDA by SimpleDocs
Major Organizational Changes. The Contractor recognizes and agrees that award of the Contract was predicated upon features of Contractor's business organization as represented by the Contractor during the ITN. If the Contractor transfers or sells more than 49.9% of its equity shareholder interests or allows a sale of substantially all of its assets, the Contractor shall notify the Department in writing no less than 30 days of such transfer or sale.
Major Organizational Changes. The Parties agree that in order for efficient and effective communication to occur, clear lines of authority and areas of responsibility need to be identified for each Party. Each Party agrees to promptly notify the other in the event of any Material change in personnel, address or phone number. The Contractor recognizes and agrees that award of the Contract was predicated upon features of Contractor's business organization as represented by the Contractor during the ITN. If the Contractor transfers or sells more than 49.9% of its equity shareholder interests or allows a sale of substantially all of its assets, the Contractor shall notify the Department in writing no less than thirty (30) days prior to such transfer or sale.
Major Organizational Changes. The Parties agree that in order for efficient and effective communication to occur, clear lines of authority and areas of responsibility need to be identified for each party. Each party agrees to promptly notify the other in the event of any material change in personnel, address or phone number.
Major Organizational Changes. 11 - 3.2. WARRANTY ........................................................................................................................................... - 11 - 3.3. EMPLOYEES AND SUBCONTRACTORS............................................................................................................ - 12 - 3.3.1. Hiring of Other Party’s Personnel............................................................................................... - 12 - 3.3.2. No Joint Employees. ................................................................................................................... - 12 - 3.3.3. Subcontractors. .......................................................................................................................... - 12 - 3.3.4. Employment of State Workers. .................................................................................................. - 12 - 3.3.5. Warranty of Security. ................................................................................................................. - 13 - 3.3.6. Work Locations; No Off-shoring of Data. ................................................................................... - 15 - 3.3.7. Contractor’s Responsibility to Notify Department. .................................................................... - 16 - 3.3.8. E-Verify....................................................................................................................................... - 17 - 3.3.9. Scrutinized Company List. .......................................................................................................... - 17 - 3.4. ACCEPTANCE OF DELIVERABLES .................................................................................................................. - 17 - SECTION 4: SECTION 5: DIVERSITY . - 17 - LIQUIDATED DAMAGES ........................................................................................................ - 18 - 5.1. Failure to Meet Performance Guarantees . - 18 - SECTION 6: INSURANCE . - 19 - 6.1. Insurance Coverage . - 19 - 6.2. PERFORMANCE BOND .............................................................................................................................. - 19 -
Major Organizational Changes. No change in Vendor’s structure, ownership, or controlling interest releases Vendor from its obligations under this Contract. Vendor shall give FHKC notice of regulatory agency approval, if applicable, prior to any transfer or change in control. FHKC has the right to elect to continue or terminate this Contract, at its sole discretion, in the event of a change in Vendor’s ownership, structure, or controlling interest. In such event, FHKC shall provide at least 30 Calendar Days Notice to Vendor of the decision to terminate the Contract.
Major Organizational Changes. The Parties agree that in order for efficient and effective communication to occur, clear lines of authority and areas of responsibility need to be identified for each party. Each party agrees to promptly notify the other in the event of any material change in personnel, address or phone number. Vendor agrees not to transfer more than 49.9 percent of its interests without the prior written approval of the Department. By execution of this Contract, Vendor represents that it has no knowledge of its intent to transfer more than 49.9 percent of its interests.
AutoNDA by SimpleDocs
Major Organizational Changes. The Parties agree that in order for efficient and effective communication to occur, clear lines of authority and areas of responsibility need to be identified for each Party. Each Party agrees to promptly notify the other in the event of any material change in personnel, address or phone number. The Vendor recognizes and agrees that award of the Contract was predicated upon features of Vendor’s business organization as represented by the Vendor during the ITN. If the Vendor transfers or sells fifty percent (50%) or more of its equity shareholder interests or allows a sale of substantially all of its assets, the Vendor shall notify the Department in writing no less than thirty (30) Calendar Days prior to such transfer or sale. Subcontractors Vendor is responsible for the acts or omissions of all Subcontractors, if any, it uses in the provision of the Services during the term of the Contract. The Department will have no liability of any kind for Subcontractor demands, loss, damage, negligence or any expense relating, directly or indirectly, to Subcontractors. Vendor will not subcontract any of the Services or enter into any subcontracts or change approved Subcontractors (including their key personnel and/or location of processes for the Services) without the express written consent of the Department. Vendor will give the Department prior Notice of at least sixty (60) Calendar Days or, in case of an emergency, as soon as practicable. Each approved subcontractor will be subject to the same terms and conditions as the Contract.
Major Organizational Changes. The Service Provider recognizes and agrees that award of the Contract was predicated upon features of Service Provider's business organization as set forth by the Service Provider’s during negotiations. If the Service Provider transfers or sells more than 49.9% of its equity shareholder interests or allows a sale of substantially all of its assets, as determined by the Department, the Department may terminate this Contract upon no less than 30 days written notice. Such termination will not entitle the Service Provider to damages of any kind, provided that Service Provider will be entitled to compensation for work performed prior to the effective date of the termination.

Related to Major Organizational Changes

  • Organizational Structure The ISO will be governed by a ten (10) person unaffiliated Board of Directors, as per Article 5 herein. The day-to-day operation of the ISO will be managed by a President, who will serve as an ex-officio member of the ISO Board, in accordance with Article 5 herein. There shall be a Management Committee as per Article 7 herein, which shall report to the ISO Board, and shall be comprised of all Parties to the Agreement. There shall be at least two additional standing committees, the Operating Committee, as provided for in Article 8, and the Business Issues Committee, as provided for in Article 9, both of which shall report to the Management Committee. A Dispute Resolution Process will be established and administered by the ISO Board in accordance with Article 10.

  • Technical and Organizational Measures The following sections define SAP’s current technical and organizational measures. SAP may change these at any time without notice so long as it maintains a comparable or better level of security. Individual measures may be replaced by new measures that serve the same purpose without diminishing the security level protecting Personal Data.

  • Classification Changes When the University determines that a revision of a class specification for positions covered by this agreement is needed, and such revision affects the collective bargaining unit designation, the University shall notify AFSCME in writing of the proposed change. AFSCME shall notify the University, in writing, within fifteen (15) days of receipt of the proposed changes, of any comments it has concerning the proposed changes or of its desire to discuss the proposed changes.

  • Business Changes Change in any material respect the nature of the business of the Borrower or its Subsidiaries as conducted on the Effective Date.

  • Commerce eXtensible Markup Language (cXML) This standard establishes the data contents required for invoicing via cXML within the context of an electronic environment. This transaction set can be used for invoicing via the AN for catalog and non-catalog goods and services. The cXML format is the Ariba preferred method for electronic invoicing.

  • 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.

  • Organizational Existence Except as otherwise permitted by Section 3.6, each Credit Party will and will cause its Subsidiaries to at all times preserve and keep in full force and effect its organizational existence and all rights and franchises material to its business.

  • Name Changes At least thirty (30) days before any change in any Originator’s or the Borrower’s name, jurisdiction of organization or any other change requiring the amendment of UCC financing statements.

  • Appropriate Technical and Organizational Measures SAP has implemented and will apply the technical and organizational measures set forth in Appendix 2. Customer has reviewed such measures and agrees that as to the Cloud Service selected by Customer in the Order Form the measures are appropriate taking into account the state of the art, the costs of implementation, nature, scope, context and purposes of the processing of Personal Data.

  • Organizational Status The Borrower is validly organized and existing and in good standing under the laws of the state or jurisdiction of its incorporation or organization, is duly qualified to do business and is in good standing as a foreign entity in each jurisdiction where the nature of its business requires such qualification (except where the failure to be so qualified would not reasonably be expected to result in a Material Adverse Effect), and has full power and authority and holds all requisite governmental licenses, permits and other approvals to enter into and perform its obligations under this Agreement, to own and hold under lease its property and to conduct its business substantially as currently conducted by it.

Time is Money Join Law Insider Premium to draft better contracts faster.