Common use of Change of Control Provision Clause in Contracts

Change of Control Provision. In the event that any Party to this Agreement sells a controlling interest of its company to a third party, that Party shall have the right to cease work on behalf of any customer until it becomes satisfied (or otherwise) with the new third party, at which time it may choose to carry on or terminate this Agreement without further notice or obligation.

Appears in 4 contracts

Samples: Teaming Agreement, Teaming Agreement, Teaming Agreement (EWaste Systems, Inc.)

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Change of Control Provision. In This Agreement is binding upon the Parties, their successors and assigns. The foregoing notwithstanding, in the event that any either Party to this Agreement sells a controlling interest of its company to a third party, that the other Party shall have the right to cease work on behalf of any customer until it becomes satisfied (or otherwise) with the new third party, at which time it may choose party confirm this Agreement in writing as requested and further shall be entitled to carry on or terminate this Agreement without further immediately upon notice or obligationthereof.

Appears in 3 contracts

Samples: Teaming Agreement, Teaming Agreement, Teaming Agreement (EWaste Systems, Inc.)

Change of Control Provision. In the event that any Party to this Agreement sells a controlling interest of its company to a third party, that either Party shall have the right to cease work on behalf of any customer until it becomes satisfied (or otherwise) with the new third party, at which time it may choose to carry on or terminate this Agreement effective upon giving written notice. This Agreement may not be assigned or transferred without further notice or obligationthe written consent of the other Party.

Appears in 2 contracts

Samples: Teaming Agreement, Teaming Agreement (EWaste Systems, Inc.)

Change of Control Provision. In the event that any Party to this Agreement sells a controlling interest of its company to a third party, that Party shall have the right to cease work on behalf of any customer until it becomes satisfied (or otherwise) with the new third party, at which time it may choose to carry on or terminate this Agreement without further notice or obligationnotice.

Appears in 2 contracts

Samples: Teaming Agreement, Teaming Agreement (EWaste Systems, Inc.)

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Change of Control Provision. In the event that any Party to this Agreement sells a controlling interest of its company to a third partyparty other than through EWSI’s current round of capital raising, that the other Party shall have the right to cease work on behalf of any customer until it becomes satisfied (or otherwise) with the new third party, at which time it may choose to carry on or terminate this Agreement without further notice or obligationAgreement.

Appears in 1 contract

Samples: Teaming & Mutual Cooperation Agreement (EWaste Systems, Inc.)

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