Common use of AGREEMENT ENDS Clause in Contracts

AGREEMENT ENDS. (a) Unless otherwise extended as specified in Article 8.3(c), below, this agreement ends as of 12:01 a.m. on the date following the date that transfer of ownership occurs.‌ (b) Change of Ownership is defined as follows:‌ (1) The change in an owner(s) that has/have 50% or more ownership constitutes a change of ownership. (2) The merger of the SUDRF corporation (for-profit or not-for-profit) into another corporation, or the consolidation of two or more corporations, resulting in the creation of a new corporation, constitutes a change of ownership. The transfer of corporate stock or the merger of another corporation into the SUDRF corporation, however, does not constitute change of ownership. The transfer of title to property of the SUDRF corporation to another corporation(s), and the use of that property for the rendering of substance use treatment by the corporation(s) receiving it is a change of ownership. (3) The lease of all or part of a SUDRF or a change in the SUDRF’s lessee constitutes change of ownership.

Appears in 7 contracts

Samples: Participation Agreement, Participation Agreement, Participation Agreement

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AGREEMENT ENDS. (a) Unless otherwise extended as specified in Article 8.3(c8.3(b), below, this agreement ends as of 12:01 a.m. 12:01‌ a. m. on the date following the date that transfer of ownership occurs.‌occurs. (b) Change of Ownership is defined as follows:‌ (1) The change in an owner(s) that has/have 50% or more ownership constitutes a change of ownership. (2) The merger of the SUDRF corporation (for-profit or not-for-profit) into another corporation, or the consolidation of two or more corporations, resulting in the creation of a new corporation, constitutes a change of ownership. The transfer of corporate stock or the merger of another corporation into the SUDRF corporation, however, does not constitute change of ownership. The transfer of title to property of the SUDRF corporation to another corporation(s), and the use of that property for the rendering of substance use treatment by the corporation(s) receiving it is a change of ownership. (3) The lease of all or part of a an SUDRF or a change in the SUDRF’s lessee constitutes change of ownership.

Appears in 6 contracts

Samples: Participation Agreement for Inpatient/Residential Substance Use Disorder Rehabilitation Facility (Sudrf) Services, Participation Agreement, Participation Agreement

AGREEMENT ENDS. (a) Unless otherwise extended as specified in Article 8.3(c), below, this agreement ends as of 12:01 a.m. on the date following the date that transfer of ownership occurs.‌ (b) Change of Ownership is defined as follows:‌ (1) The change in an owner(s) that has/have 50% 50 percent or more ownership constitutes a change of ownership. (2) The merger of the SUDRF corporation (for-profit or not-for-profit) into another corporation, or the consolidation of two or more corporations, resulting in the creation of a new corporation, constitutes a change of ownership. The transfer of corporate stock or the merger of another corporation into the SUDRF corporation, however, does not constitute change of ownership. The transfer of title to property of the SUDRF corporation to another corporation(s), and the use of that property for the rendering of substance use treatment by the corporation(s) receiving it is a change of ownership. (3) The lease of all or part of a SUDRF or a change in the SUDRF’s lessee constitutes change of ownership.

Appears in 4 contracts

Samples: Participation Agreement for Substance Use Disorder Rehabilitation Facility Services, Participation Agreement for Substance Use Disorder Rehabilitation Facility Services, Participation Agreement for Substance Use Disorder Rehabilitation Facility Services

AGREEMENT ENDS. (a) Unless otherwise extended as specified in Article 8.3(c), below, this agreement ends as of 12:01 a.m. on the date following the date that transfer of ownership occurs.‌ (b) Change of Ownership is defined as follows:‌ (1) The change in an owner(s) that has/have 50% 50 percent or more ownership constitutes a change of ownership. (2) The merger of the SUDRF corporation (for-profit or not-for-profit) into another corporation, or the consolidation of two or more corporations, resulting in the creation of a new corporation, constitutes a change of ownership. The transfer of corporate stock or the merger of another corporation into the SUDRF corporation, however, does not constitute change of ownership. The transfer of title to property of the SUDRF corporation to another corporation(s), and the use of that property for the rendering of substance use treatment by the corporation(s) receiving it is a change of ownership. (3) The lease of all or part of a SUDRF or a change in the SUDRF’s 's lessee constitutes change of ownership.

Appears in 3 contracts

Samples: Participation Agreement for Substance Use Disorder Rehabilitation Facility (Sudrf) Services, Participation Agreement for Substance Use Disorder Rehabilitation Facility Services, Participation Agreement for Substance Use Disorder Rehabilitation Facility (Sudrf) Services

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AGREEMENT ENDS. (a) Unless otherwise extended as specified in Article 8.3(c), below, this agreement ends as of 12:01 a.m. on the date following the date that transfer of ownership occurs.‌occurs. (b) Change of Ownership is defined as follows:‌follows: (1) The change in an owner(s) that has/have 50% or more ownership constitutes a change of ownership. (2) The merger of the SUDRF corporation (for-profit or not-for-profit) into another corporation, or the consolidation of two or more corporations, resulting in the creation of a new corporation, constitutes a change of ownership. The transfer of corporate stock or the merger of another corporation into the SUDRF corporation, however, does not constitute change of ownership. The transfer of title to property of the SUDRF corporation to another corporation(s), and the use of that property for the rendering of substance use treatment by the corporation(s) receiving it is a change of ownership. (3) The lease of all or part of a SUDRF or a change in the SUDRF’s lessee constitutes change of ownership.

Appears in 1 contract

Samples: Participation Agreement

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