CHANGE IN OWNERSHIP AND/OR ADDRESS Sample Clauses

CHANGE IN OWNERSHIP AND/OR ADDRESS. It is the responsibility of the lender or his/her agent to notify the borrower promptly in writing if there is any change in ownership of the items or if there is a change in the identity or address of the lender. If the legal ownership of the objects changes during the pendency of this loan, the new owner may prior to its return, be required to establish his/her legal right to receive the items.
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CHANGE IN OWNERSHIP AND/OR ADDRESS. 1. It is the responsibility of the Borrower or his agent to notify the Lender promptly in writing if there is any change in the identity or address of the Borrower. 2. It is the responsibility of the Lender or his agent to notify the Borrower promptly in writing if there is any change in ownership of the objects (whether through inter vivos transfer or death) or if there is a change in the identity or address of the Lender. 3. The Borrower assumes no responsibility to watch for a Lender (or owner) change who cannot be reached at the address of record.
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CHANGE IN OWNERSHIP AND/OR ADDRESS. Lender must notify SAIC promptly in writing if there is a change in ownership of the Object(s) or if there is a change in the identity or address of the Lender. SAIC assumes no responsibility to search for a Lender (or owner) who cannot be reached at the address of record. SAIC’s right to return the Object(s) shall accrue absolutely at the termination date of the loan period. If Lender does not claim the Object(s) on or before the date of termination of the loan period, Lender hereby gives all right, title, and interest in the Object(s) to SAIC which may retain the Object(s) as a charitable gift absolute or dispose of the Object(s) in any way convenient for SAIC. Lender (if also the artist) hereby waives any rights under section 106(A) (a) (3) of the Visual Artists Rights Act of 1990. In addition, to these rights, SAIC may use the Museum Disposition of Property Act, 765 Ill. Complied Statutes Sec. 1033, to resolve the disposition of unclaimed objects. Lender hereby releases and discharges SAIC, the Chicago Park District, and each of their Trustees, officers, commissioners, agents, and employees from any and all liability, claims, losses, damages, or injuries (including personal injury or death) arising out of this Agreement. Lender acknowledges and agrees that Lender bears the sole risk of any loss (including loss or damage to the Object(s)), claim, damage, or injury (including death) arising out of this Agreement or in any way relating to the exhibition of the Object(s). Lender covenants not to xxx SAIC, the Chicago Park District, and each of their Trustees, officers, commissioners, agents, and employees for any damages (including loss or damage to the Object(s) or personal injury), expense, or liability of any kind.
Sample 1
CHANGE IN OWNERSHIP AND/OR ADDRESS. It is the responsibility of the Lender or his or her agent to notify LRMA promptly in writing if there is a change in ownership of the object lent (whether through inter vivos transfer or death) or if there is a change in the identity or address of the Lender. LRMA assumes no responsibility to search for a Lender (or owner) who cannot be reached at the address of record.
Sample 1
CHANGE IN OWNERSHIP AND/OR ADDRESS. It is the responsibility of the Loaner or his/her designee to notify the Society promptly in writing if there is any change in ownership of the item(s) (whether through inter vivos transfer or death) or if there is a change in the identity or address of the Loaner. The Society assumes no responsibility to search for a Loaner (or owner) who cannot be reached at the contact information of record on this form.
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Related to CHANGE IN OWNERSHIP AND/OR ADDRESS

  • Change in Ownership Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

  • Change in Ownership of the Company A change in the ownership of the Company which occurs on the date that any one person, or more than one person acting as a group (“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than 50% of the total voting power of the stock of the Company, except that any change in the ownership of the stock of the Company as a result of a private financing of the Company that is approved by the Board will not be considered a Change of Control; or

  • Changes in Ownership A-E agrees that if there is a change or transfer in ownership, including but not limited to merger by acquisition, of A-E’s business prior to completion of this Contract, the new owners shall be required under terms of sale or other transfer to assume A-E’s duties and obligations contained in this Contract and to obtain the written approval of County of such merger or acquisition, and complete the obligations and duties contained in the Contract to the satisfaction of County. A- E agrees to pay, or credit toward future work, County’s costs associated with processing the merger or acquisition.

  • Change in Ownership of a Substantial Portion of the Company’s Assets A change in the ownership of a substantial portion of the Company’s assets which occurs on the date that any Person acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such Person or Persons) assets from the Company that have a total gross fair market value equal to or more than fifty percent (50%) of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions; provided, however, that for purposes of this subsection (c), the following will not constitute a change in the ownership of a substantial portion of the Company’s assets: (i) a transfer to an entity that is controlled by the Company’s stockholders immediately after the transfer, or (ii) a transfer of assets by the Company to: (A) a stockholder of the Company (immediately before the asset transfer) in exchange for or with respect to the Company’s stock, (B) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company, (C) a Person, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company, or (D) an entity, at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in this subsection (c)(ii)(C). For purposes of this subsection (c), gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. For purposes of this definition, persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. Notwithstanding the foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control event within the meaning of Section 409A. Further and for the avoidance of doubt, a transaction will not constitute a Change in Control if: (x) its sole purpose is to change the jurisdiction of the Company’s incorporation, or (y) its sole purpose is to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction.

  • Change in Effective Control A Change in Effective Control occurs if, over a twelve (12) month period: (i) a person or group acquires stock representing thirty percent (30%) of the voting power of the corporation; or (ii) a majority of the members of the board of directors of the ultimate parent corporation is replaced by directors not endorsed by the persons who were members of the board before the new directors’ appointment, as defined in Treasury Regulations §1.409A-3(i)(5)(vi).

  • Change in Effective Control of the Company A change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this clause (ii), if any Person is considered to be in effective control of the Company, the acquisition of additional control of the Company by the same Person will not be considered a Change of Control; or

  • Ownership and Transfer Except as expressly permitted by or pursuant to this Agreement or the other Loan Documents, own any property of any kind other than the Mortgaged Property, or Transfer any Mortgaged Property or any portion thereof.

  • Ownership and Control All components of the Placer County Technology Platform, including voicemail, email messages sent and received, files and records created or placed on any County file server, and all data placed onto or accessed by the County’s computer network including internet access, are and remain either the property of or under the control of Placer County and not the User.

  • Change in Name The Purchaser shall intimate the Seller of any change in its name (on account reasons other than a change in its Control), immediately upon occurrence of name change. The Parties shall thereafter take necessary steps to record such change in the name of the Purchaser in the books and records of the Seller and shall also execute an amendment agreement to the Agreement to record such name change.

  • Obligations relating to Change in Ownership 5.3.1 The Concessionaire shall not undertake or permit any Change in Ownership, except with the prior approval of the Authority. 5.3.2 Notwithstanding anything to the contrary contained in this Agreement and the RFP, the Concessionaire agrees and acknowledges that: (i) all acquisitions of Equity by an acquirer, either by himself or with any person acting in concert, directly or indirectly, including by transfer of the direct or indirect legal or beneficial ownership or control of any Equity, in aggregate of not less than 15% (fifteen per cent) of the total Equity of the Concessionaire; or (ii) acquisition of any control directly or indirectly of the Board of Directors of the Concessionaire by any person either by himself or together with any person or persons acting in concert with him shall constitute a Change in Ownership requiring prior approval of the Authority from national security and public interest perspective, the decision of the Authority in this behalf being final, conclusive and binding on the Concessionaire, and undertakes that it shall not give effect to any such acquisition of Equity or control of the Board of Directors of the Concessionaire without such prior approval of the Authority. For the avoidance of doubt, it is expressly agreed that approval of the Authority hereunder shall be limited to national security and public interest perspective, and the Authority shall endeavour to convey its decision thereon expeditiously. It is also agreed that the Authority shall not be liable in any manner on account of grant or otherwise of such approval and that such approval or denial thereof shall not in any manner absolve the Concessionaire from any liability or obligation under this Agreement. For the purposes of this Clause 5.3.2: (a) the expression "acquirer", "control" and "person acting in concert" shall have the meaning ascribed thereto in the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 1997 or any statutory re-enactment thereof as in force as on the date of acquisition of Equity, or the control of the Board of Directors, as the case may be, of the Concessionaire; (b) the indirect transfer or control of legal or beneficial ownership of Equity shall mean transfer of the direct or indirect beneficial ownership or control of any company or companies whether in India or abroad which results in the acquirer acquiring control over the shares or voting rights of shares of the Concessionaire; and (c) power to appoint, whether by contract or by virtue of control or acquisition of shares of any company holding directly or through one or more companies (whether situated in India or abroad) the Equity of the Concessionaire, not less than half of the directors on the Board of Directors of the Concessionaire or of any company, directly or indirectly whether situate in India or abroad, having ultimate control of not less than 15% (fifteen per cent) of the Equity of the Concessionaire shall constitute acquisition of control, directly or indirectly, of the Board of Directors of the Concessionaire.

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