Common use of AGENCY SALE OR TRANSFER Clause in Contracts

AGENCY SALE OR TRANSFER. The Agent agrees to give advance notice to the Manager of any sale or transfer of his or her business or any substantial sale of the assets thereof, or its consolidation with a successor firm, in order that the Manager may, in its sole discretion and with the consent of the parties in interest: X. Xxxxx to the assignment of this Agreement in writing; B. Enter into a new agreement with the successor party; or C. Place into effect a Limited Agency Agreement with the successor party in order to provide the services of Section VII.B. For purposes of this Agreement, the sale or transfer of the Agent’s business shall include any change in which an owner’s percentage of ownership increases or decreases by 10% or more, and any change in which any party comes to own 50% or more of the agency or any of its controlling entities. Agent further agrees to notify Manager of any new or replacement officer or director and any termination or resignation of an officer or director. Agent shall be responsible for communicating the rights and responsibilities set forth in this Agreement to all individuals who will perform services under it and for monitoring the compliance of those individuals with this Agreement. Agent hereby acknowledges and takes responsibility for the acts and omissions of such individuals.

AGENCY SALE OR TRANSFER. The Agent agrees to give advance notice to the Manager of any sale or transfer of his or her business or any substantial sale of the assets thereof, or its consolidation with a successor firm, in order that the Manager may, in its sole discretion and with the consent of the parties in interest: X. Xxxxx A. Agree to the assignment of this Agreement in writing; B. Enter into a new agreement with the successor party; or C. Place into effect a Limited Agency Agreement with the successor party in order to provide the services of Section VII.B. For purposes of this Agreement, the sale or transfer of the Agent’s business shall include any change in which an owner’s percentage of ownership increases or decreases by 10% or more, and any change in which any party comes to own 50% or more of the agency or any of its controlling entities. Agent further agrees to notify Manager of any new or replacement officer or director and any termination or resignation of an officer or director. Agent shall be responsible for communicating the rights and responsibilities set forth in this Agreement to all individuals who will perform services under it and for monitoring the compliance of those individuals with this Agreement. Agent hereby acknowledges and takes responsibility for the acts and omissions of such individuals.

AGENCY SALE OR TRANSFER. The Agent agrees to give advance notice to the Company and Manager of any sale or transfer of his or her business or any substantial sale of the assets thereof, or its consolidation with a successor firm, in order that the Company and Manager may, in its their sole discretion and with the consent of the parties in interest: X. Xxxxx to the assignment of this Agreement in writing;; or B. Enter into a new agreement with the successor party; or C. Place into effect a Limited Agency Agreement with the successor party in order to provide the services of Section VII.B. 10.B. For purposes of this Agreement, the sale or transfer of the Agent’s business shall include any change in which an owner’s percentage of ownership increases or decreases by 10% or more, and any change in which any party comes to own 50% or more of the agency or any of its controlling entities. Agent further agrees to notify Manager of any new or replacement officer or director and any termination or resignation of an officer or director. Agent shall be responsible for communicating the rights and responsibilities set forth in this Agreement to all individuals who will perform services under it and for monitoring the compliance of those individuals with this Agreement. Agent hereby acknowledges and takes responsibility for the acts and omissions of such individuals.