Change of Business Form Sample Clauses

Change of Business Form. Whether or not an assignment or transfer of the Franchised Business is involved, Franchisee, whether an individual or otherwise, shall not change its business form, whether to obtain the services of a partner, to merge, consolidate, reorganize, or to accomplish any other change, without the prior written approval of Franchisor.
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Change of Business Form. The Company agrees that it will not merge or consolidate with any other corporation or organization, or permit its business activities to be taken over by any other organization, unless and until the succeeding or continuing corporation or other organization shall expressly assume the rights and obligations of the Company herein set forth. The Company further agrees that it will not cease its business activities or terminate its existence, other than as heretofore set forth in this Article, without having made adequate provision for the fulfilling of its obligations. In the event the Company shall violate the terms of this Article, the Employee (or other obligee) shall have a continuing lien on all corporate assets until such default be corrected.
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Change of Business Form. The savings bank agrees that it will not merge or consolidate with any other corporation or organization, or permit its business activities to be taken over by any organization, unless and until the succeeding or continuing corporation or other organization shall expressly assume the rights and obligations of the savings bank as herein set forth. The savings bank further agrees that it will not cease doing business activities or terminate its existence other than as heretofore set forth in this Paragraph 10, without having made adequate provision for fulfilling its obligations hereunder. In the event of any default with respect to the provisions of this Paragraph 10, the Employee (or other obligee or obligees) shall have a continuing lien on all the savings bank's assets, including already transferred assets, until such default be corrected.
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Change of Business Form. The Corporation agrees that it will not merge or consolidate with any other corporation or organization, or permit its business activities to be taken over by any other organization, unless or until the succeeding or continuing corporation or other organization shall expressly assume the rights and obligations of the Corporation herein set forth. The Corporation further agrees that it will not cease its business activities or terminate its existence, other than as heretofore set forth in this Paragraph 12, without having made adequate provision for the fulfilling of its obligations hereunder. In the event of any default with respect to the provision of this Paragraph 12, the Director (or other obligee or obligees) shall have a continuing lien on all corporate assets, including already transferred assets, until such default be corrected.
Sample 1
Change of Business Form. The Change of Huaye Steel Strip from a sino-foreign equity joint venture company to a wholly foreign owned enterprise when the Transferors transfer to the Transferee all of the equity in Huaye Steel Strip. Equity Transfer: Transferor transfers all the equity to the Transferee, and Transferee becomes the shareholder of Huaye Steel Strip with legally holding 100% of the equity in Huaye Steel Strip. Transfer Equity: Transferor transfers to Transferee 100% of the equity in Huaye Steel Strip legally held by the Transferor. Price of Transfer: Hong Kong dollar/US dollar/ British pound equivalent to RMB 1.004939 million Yuan. This price is determined by the net capital value verified in Capital Verification Report with the number of 94th Jingyongtuoshu verified on 30th, June 2006 issued by Beijing Yongtuo C.P.A. Co., Ltd. Working days: From Monday to Friday in each week, except for the statutory holidays in People’s Republic of China as well as Hong Kong Special Administrative Region of People’s Republic of China. Transfer Effective Date: The date when the Agreement is executed by Transferor and Transferee and the Agreement is approved by the concerned governmental authority of foreign trade and cooperation. Transfer Completion Date: The date when the Transferee pays off all the transfer price to the Transferors and carries out the registration procedure for the establishment of the new wholly foreign owned enterprise. PRC refers to People’s republic of China, excluding the following areas of People’s republic of China: Hong Kong Special Administrative Region of People’s Republic of China, Marco Special Administrative Region of People’s Republic of China and Taiwan Province for the purpose of the Agreement.
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Change of Business Form. The Association agrees that it will not merge or consolidate with any other association, corporation or organization, or permit its business activities to be taken over by any other organization, unless and until the succeeding or continuing association, corporation or other organization shall expressly assume the rights and obligations of the Association herein set forth or the Association makes adequate provision for the fulfilling of its obligations hereunder. The Association further agrees that it will not cease its business activities or terminate its existence, other than as heretofore set forth in this Paragraph 10, without having made adequate provisions for the fulfilling of its obligations hereunder.
Sample 1
Change of Business Form. The Change of Cold-Rolled Technology from a sino-foreign equity joint venture company to a wholly foreign owned enterprise when the Transferor transfer to the Transferee all of the equity in Cold-Rolled Technology. Equity Transfer: Transferor transfers all the equity to the Transferee, and Transferee becomes the shareholder of Jiangsu Cold-Rolled Technology with legally holding 100% of the equity in Jiangsu Cold-Rolled Technology.
Sample 1
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Related to Change of Business Form

  • Change of business The Company shall procure that no substantial change is made to the general nature of the business of the Company or the Group from that carried on at the date of this Agreement.

  • Change in Nature of Business Engage in any material line of business substantially different from those lines of business conducted by the Borrower and its Subsidiaries on the date hereof or any business substantially related or incidental thereto.

  • Sale of Business If the Employer sells the business, they shall inform the other person or employer buying the business that there is an existing Collective Agreement in effect, and that as a condition of any such sale, the other person or employer buying the business shall assume all responsibilities and obligations accruing by virtue of the Collective Agreement, and that the other person or employer buying the business shall agree to continue to operate the business in the City of Winnipeg.

  • Scope of Business The Borrower shall, and shall cause each Significant Subsidiary to, engage primarily in energy-related businesses.

  • Payment for Change of Scope Payment for Change of Scope shall be made in accordance with the payment schedule specified in the Change of Scope Order.

  • Change in the Nature of Business The Borrower shall not, nor shall it permit any Subsidiary to, engage in any business or activity if as a result the general nature of the business of the Borrower or any Subsidiary would be changed in any material respect from the general nature of the business engaged in by it as of the Closing Date.

  • CHANGE OF T-PIN The Account Holder may change his T-PIN from time to time in accordance with the Bank’s prescribed procedure then prevailing. The Bank shall be entitled, in its reasonable discretion but without liability and without giving any reason, to reject any selection made by the Account Holder as his substituted T-PIN; if the Bank so approves, such substituted T-PIN, shall take effect from the time of receipt by the Bank of such instructions from the Account Holder. The Account Holder shall take all steps not to select such numbers as a substitute T-PIN which may easily be ascertained or otherwise facilitate fraud or forgery.

  • Change The School, as any other, is likely to undergo a number of changes during the period of this agreement. For example, there may be changes in the staff, and in the premises, facilities and their use, in the curriculum and the size and composition of classes, and in the School rules and procedures, the disciplinary framework, and the length of School Terms. In addition, there may be the need to undertake a corporate reorganisation exercise and / or a merger or change of ownership may be necessary. For these reasons, the benefit and burden of this agreement may be freely assigned to another party at the discretion of the School.

  • Changes in Nature of Business Parent will not, and will not permit any of its Subsidiaries to, engage to any material extent in any business other than those businesses conducted by the Parent and its Subsidiaries on the date hereof or any business reasonably related or incidental thereto or representing a reasonable expansion thereof.

  • Change of Operations Uniforms To: Members of Local Union 295 Dear Brothers and Sisters: As you know, we have a tentative agreement for the UPS Cartage Services, Inc. Supplemental Agreement. Article 2 of the re-negoti- ated CSI Supplement outlines the National Master UPS Agreement (NMA) Articles that may be applied to your Addendum. You will note that several NMA articles are not applicable. These are sub- jects that are either addressed in the CSI Supplement or are not op- erationally applicable to CSI. Where there are two provisions covering the same subject, one in the Local Addendum and one in the National Master UPS Agree- ment, the following provisions of the National Master UPS Agree- ment shall apply:

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