Change of Controlling Participant. 8.1 In the unlikely event that we can no longer serve you as the Controlling Participant (Sponsoring Broker) of your Sponsored Holdings, then we will issue you a Participant Change Notice
Change of Controlling Participant. 6.1 If You receive a Participant Change Notice from State One for Your Participant Sponsored Holding and the Participant Change Notice was received at least 20 Business Days prior to the date proposed in the Participant Change Notice for the change of Controlling Participant, You are under no obligation to agree to the change of Controlling Participant, and may choose to do any of the things set out in Clauses 6.2 or 6.3.
Change of Controlling Participant. 9.1 If the Participant Sponsored Holder receives a Participant Change Notice from the Controlling Participant of the Participant Sponsored Holding and the Participant Change Notice was received at least 20 Business Days prior to the date proposed in the Participant Change Notice for the change of Controlling Participant, the Participant Sponsored Holder is under no obligation to agree to the change of Controlling Participant, and may choose to do any of the things set out in clauses 9.2 or 9.3.
Change of Controlling Participant. 12.1 If you receive a Participant Change Notice from us at least 20 Business Days before the proposed date for the change of Participant, you do not have to agree to the change, and can choose to:
Change of Controlling Participant. Where notice is given to You that State One will have a change of control (e.g. taken over or sold) You may: ▪ Do nothing or inform State One that You will accept to the change of State One’s ownership change. In such circumstances: ❖ the new controller of State One will become a party to the Agreement in place of State One; ❖ all rights will be transferred to the new controller; and ❖ State One will have no obligations to You from the effective date of change of control. Before the transfer can take effect, the new controller must provide You with a notice indicating that they will act as Your Sponsoring Participant. ▪ Request the Agreement be cancelled by giving Sate One written instructions that You would like to transfer Your holdings to another broker or transfer Your holdings to one or more Issuer Sponsored Holdings. The Agreement will continue to be in place for State One for any rights and obligations that have accrued before the change in controller takes effect (or You terminate the Agreement) and State One will be obliged to complete all CHESS transactions that have arisen before this date.
Change of Controlling Participant clause 9 of the Sponsorship Terms Clause 9 contains provisions setting out what is to happen if there is a significant change to the organisational structure of our group or the whole of our business is to be transferred to another controlling participant. In particular, those provisions provide for the novation of the Sponsorship Terms to another controlling participant without the need for you to sign a new sponsorship agreement.
Change of Controlling Participant. (a) The Sponsor will notify Macquarie in writing at least ten Business Days before issuing a Participant Change Notice to the Investor.
Change of Controlling Participant. 9.1. If you receive a Participant Change Notice from FinEx in relation to your Participant Sponsored Holding and the Participant Change Notice was received at least 20 Business Days prior to the date proposed in the Participant Change Notice for the change of Controlling Participant, you are under no obligation to agree to the change of Controlling Participant, and may choose to do any of the things set out in clause 9.2 or 9.3.
