New Domicile Clause Samples
The New Domicile clause establishes the right or requirement for a party to change its legal residence or place of incorporation to a different jurisdiction. In practice, this clause may specify the conditions under which such a change can occur, such as obtaining consent from the other party or providing advance notice, and may outline the effects on the agreement, like updating addresses for service of process. Its core function is to provide flexibility for parties to adapt to changes in business strategy or legal requirements, while ensuring that the contractual relationship remains valid and enforceable despite a change in domicile.
New Domicile. A domicile shall remain a new domicile for a period of 12 months commencing with the activation of the first pilot assigned to that domicile, subject to Section 6.A.7. (establishment of an FDA). A pilot who is awarded a vacancy at a new domicile shall be eligible for a relocation package #2, except as provided in Section 6.A.2. and A.3. (above).
New Domicile. Borrower may change his principle domicile or place of ------------ residence within the continental United States provided Borrower (c) gives Lender sixty (60) days prior written notice of the intended change and (d) executes and delivers, or causes to be executed and delivered, to Lender such agreements, documents, and instruments as Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including, without limitation, Uniform Commercial Code financing statements.