Common use of AGREEMENT ENDS Clause in Contracts

AGREEMENT ENDS. (a) Unless otherwise extended as specified in Article 9.3(b), 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 RTC 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 RTC corporation, however, does not constitute change of ownership. The transfer of title to property of the RTC corporation to another corporation(s), and the use of that property for the rendering of RTC care by the corporation(s) receiving it is a change of ownership. (3) The lease of all or part of an RTC or a change in the RTC’s lessee constitutes change of ownership.

Appears in 8 contracts

Samples: Participation Agreement, Participation Agreement, Participation Agreement

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AGREEMENT ENDS. (a) Unless otherwise extended as specified in Article 9.3(b9.3(c), 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. (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 RTC 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 RTC corporation, however, does not constitute change of ownership. The transfer of title to property of the RTC corporation to another corporation(s), and the use of that property for the rendering of RTC residential treatment center care by the corporation(s) receiving it is a change of ownership. (3) The lease of all or part of an a RTC or a change in the RTC’s lessee constitutes change of ownership.

Appears in 7 contracts

Samples: Participation Agreement for Residential Treatment Center (Rtc), Participation Agreement for Residential Treatment Center (Rtc), Participation Agreement for Residential Treatment Center (Rtc)

AGREEMENT ENDS. (a) Unless otherwise extended as specified in Article 9.3(b9.3(c), 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. (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 RTC 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 RTC corporation, however, does not constitute change of ownership. The transfer of title to property of the RTC corporation to another corporation(s), and the use of that property for the rendering of RTC residential treatment center care by the corporation(s) receiving it is a change of ownership. (3) The lease of all or part of an a RTC or a change in the RTC’s lessee constitutes change of ownership.

Appears in 2 contracts

Samples: Participation Agreement, Participation Agreement

AGREEMENT ENDS. (a) Unless otherwise extended as specified in Article 9.3(b9.3(c), 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. (b) Change of Ownership is defined as follows: (1) The change in an owner(s) that has/has / have 50% 50 percent or more ownership constitutes a change of ownership. (2) The merger of the RTC 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 RTC corporation, however, does not constitute change of ownership. The transfer of title to property of the RTC corporation to another corporation(s), and the use of that property for the rendering of RTC residential treatment center care by the corporation(s) receiving it is a change of ownership. (3) The lease of all or part of an a RTC or a change in the RTC’s 's lessee constitutes change of ownership.

Appears in 1 contract

Samples: Participation Agreement for Residential Treatment Center (Rtc)

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AGREEMENT ENDS. (a) Unless otherwise extended as specified in Article 9.3(b9.3(c), 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. (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 RTC 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 RTC corporation, however, does not constitute change of ownership. The transfer of title to property of the RTC corporation to another corporation(s), and the use of that property for the rendering of RTC residential treatment center care by the corporation(s) receiving it is a change of ownership. (3) The lease of all or part of an a RTC or a change in the RTC’s 's lessee constitutes change of ownership.

Appears in 1 contract

Samples: Participation Agreement for Residential Treatment Center (Rtc)

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