Business Status Clause Samples

The Business Status clause defines the legal and operational standing of a party involved in an agreement, such as whether it is a corporation, partnership, sole proprietorship, or another entity type. This clause typically requires each party to confirm that it is duly organized, validly existing, and in good standing under the laws of its jurisdiction. By clearly stating each party's business status, the clause ensures that all parties have the legal capacity to enter into the contract, thereby reducing the risk of unenforceable agreements and providing assurance regarding the authority and legitimacy of each signatory.
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Business Status. Contractor is duly organized, validly existing and in good standing under the laws of the State. It is qualified to transact business in the City and State and has the power to own its property and to carry on its business as now owned and operated and as required by this Agreement.
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Business Status. 6.1 At the last day of the accounting period: since the last day of the accounting period as of the Completion Date, the business of the Company operates normally as usual.
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Business Status. Contractor is engaged in an independent business separate and apart from
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Business Status. The Provider shall provide documentation (attach W-9) that it has a legal basis for existence such as: private non-profit corporation status with appropriate IRS tax exempt status, a private for-profit corporation, governmental affiliation, partnership, or sole proprietor.
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Business Status. The electronic Companies and Intellectual Property Commission report generated in respect of the Selling Stockholder is accurate in all respects and the Selling Stockholder is in fact “in business” and will remain “in business” at all times on and prior to the Closing Date. The Selling Stockholder has not passed, or will not on or prior to the Closing Date pass, any voluntary winding-up resolution or resolution to commence business rescue proceedings nor will the Selling Stockholder (or any other person) present any application to any competent court for its liquidation, winding-up, custodianship, dissolution, administration or business rescue on or prior to the Closing Date.
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Business Status a. Registry. KRRC has registered as a nonprofit corporation with the California Secretary of State. b. Registry and status as a Charitable Organization. KRRC has registered as a charitable organization.
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Business Status. The Agent represents that he/she/it maintains a separate place of business, serves clients other than the County, will report all income and expense accrued under this Agreement to the Internal Revenue Service, and has a tax account with the State of Washington Department of Revenue for payment of all sales and use and Business and Occupation taxes collected by the State of Washington.
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Related to Business Status

  • Travel Status Travel by an employee, outside the College region on College business, where authorization for such travel has been requested in advance on the appropriate form, and approved by the College.

  • SUPPLIER’S STATUS At all times during the Contract Period the Supplier shall be an independent contractor and nothing in this Contract shall create a contract of employment, a relationship of agency or partnership or a joint venture between the Parties and, accordingly, neither Party shall be authorised to act in the name of, or on behalf of, or otherwise bind the other Party save as expressly permitted by the terms of this Contract.

  • Student Status Licensee must maintain status as a student registered at Cal Poly with a minimum of eight (8) Cal Poly quarter units or if a graduate student, four (4) units. Exception requests must be submitted in writing to University Housing for approval (or contact the Disability Resource Center if disability related) if Licensee falls below these minimums. Dropping below the minimum is not considered a standard for cancellation and will not release the Licensee from paying any housing-related fees. The University may, at its sole option and discretion, revoke this License in accordance with the provisions herein if the Licensee fails to enroll in the minimum units, or drops below the minimum unit requirement after the beginning of the academic fee period.

  • Current Status Sacramento County recently adopted a revised American River Parkway Plan which includes specific policies related to implementing water flows protective of the lower American River ecosystem. The Parkway Plan serves as a guide for other local, state and federal agencies with authority within the American River Parkway under the Wild and Scenic Rivers Act and the Urban American River Parkway Preservation Act. Sacramento County, through the Water Forum, is in the process of preparing a draft environmental impact report to institute the FMS consistent with the American River Parkway Plan and the coequal goals of the Water Forum Agreement by entering into an operations agreement with Reclamation or by seeking to modify Reclamation’s Folsom Dam water right permits or other measures. Reclamation has been operating the Folsom and Nimbus Dams in accordance with the minimum release requirements of the FMS since 2006. In 2009, the National Marine Fisheries Service (NMFS) included the FMS flow, operational criteria, American River Group, and monitoring requirements in the Reasonable and Prudent Alternatives of the Biological Opinion (BO) for operating the CVP. The NMFS BO also called for an iterative temperature management planning process that is consistent with the water temperature objectives of the FMS. The Water Forum is currently investigating the potential for an improved Flow Standard for the lower American River that would provide increased protection of salmonid species and improved water supply reliability.

  • Independent Status The employees, volunteers, or agents of each party who are engaged in the performance of this Agreement will continue to be employees, volunteers, or agents of that party and will not for any purpose be employees, volunteers, or agents of the other party.