Change in Control or Ownership a. Each of the Parties shall notify the other Party as soon as it learns of any change in its ownership or control. If the Party receiving such notices objects to the change in ownership or control, that Party shall have the unilateral right to terminate this Agreement in accordance with Article 15 paragraph A. In the event of any such termination, the Party subject to the change in ownership or control agrees to render full cooperation to the other Party in order to minimize disruption to that Party’s contract effort. In lieu of termination, the Party receiving the notice may require the Party subject to the change in ownership or control to provide adequate assurance of performance of the Agreement and institute special controls, including but not limited to, special controls regarding the protection of proprietary information of the Party receiving the notice.
Change in Control or Ownership. (x) Xxxxxxx xx the further terms and provisions of this Paragraph 10, the Plan shall automatically terminate on the date that a Change in Control or Ownership shall occur, without necessity of any action by the Board of Directors of NPB.
Change in Control or Ownership. Any change in control or the transfer of a controlling interest in the beneficial ownership of the Contractor shall constitute a default under the terms of this Contract, unless the County consents to that transfer. ''The transfer of a controlling interest of Contractor" shall include, but is not limited to, the transfer or assignment of ten percent (10%) or more of the beneficial ownership of Contractor to or from a single entity, unless the County consents to that transfer or assignment; however, the following transfers or assignments shall not be construed as "the transfer of a controlling interest of Contractor:”
Change in Control or Ownership. 11 Any change in control or the transfer of a controlling interest in the beneficial ownership of 12 the Contractor shall constitute a Class B default under the terms of this Contract, unless the
Change in Control or Ownership. A Change in Control shall occur or the majority ownership or voting control of any Guarantor is directly or indirectly sold, assigned, transferred, encumbered or otherwise conveyed without the prior written consent of the Lender, which consent shall not be unreasonably withheld, except as otherwise permitted hereunder; provided, however, the majority ownership or voting control of one Guarantor may be transferred or conveyed to another Guarantor without the Lender’s prior written consent so long as such transfer or conveyance shall not materially adversely affect any rights or remedies of the Lender under the Financing Documents;
Change in Control or Ownership. Agent shall provide the Company with fifteen (15) days written notice of said Agent’s intent to sell their agency. Upon change in control of the Agency for which the Agent works, whether a single transaction or a series of transactions, this Agreement shall immediately terminate and the Company shall retain the right to examine and evaluate a new Agency Company Agreement with the Agent. A change in control shall include, but not limited to, (i) if the Agency is a corporation, a sale or transfer of a majority of the issued and outstanding stock of the Agent; (ii) if the Agency is a proprietorship or partnership; (iii) a sale of the Agency assets used in the Agent’s insurance business; (iv) a sale of the Agent’s insurance business; or (v) a sale of all or a portion of the Agency’s insurance book.
Change in Control or Ownership. Any direct or indirect change in control or the transfer of a direct or indirect controlling Interest in the beneficial ownership of the Company shall constitute a Company Event of Default under the terms of the Agreement, unless the County consents in writing to that transfer in accordance with Section 17.0, which consent shall not be unreasonably withheld. The "change in control" or "transfer of a direct or indirect Controlling Interest" of Company shall include but is not limited to the transfer or assignment of fifty-one percent (51 %) or more of the beneficial ownership of Company to or from a single entity; however, intra-company transfers in the form of transfers between different subsidiaries or branches of the Company shall not be construed as a "change in Control" or "the transfer of a Controlling Interest" of the Company.
Change in Control or Ownership. At any time, effect or permit a Change of Control or Change of Ownership.
Change in Control or Ownership. During the term of the Purchase Order, Seller will not have the right to engage in a transaction or in a series of related transactions in which fifty percent (50%) or more of the voting power of Seller is disposed of, or the consolidation, merger, or other business combination with or into a third party, without the prior written consent of Buyer.
Change in Control or Ownership. Neither Borrower nor any other Credit Party shall permit, suffer to exist, or take any action in furtherance of a Change in Control or a Change in Ownership.
