Common use of Change of Status of Participant Clause in Contracts

Change of Status of Participant. A Participant other than a government, the European Commission, or an intergovernmental organisation shall immediately notify the Executive Committee and the IEA Office of Legal Counsel of any significant change in its status or ownership, or of its becoming bankrupt or entering into liquidation. The Executive Committee shall determine whether any such change in status of a Participant significantly affects the interests of the other Participants. If the Executive Committee determines that it does, then, unless the Executive Committee, acting by unanimous vote, otherwise agrees:

Change of Status of Participant. A Participant other than a government, the European Commission, government or an intergovernmental international organisation shall immediately forthwith notify the Executive Committee and the Executive Director of the IEA Office of Legal Counsel of any significant change in its status or ownership, or of its becoming bankrupt or entering into liquidation. The Executive Committee shall determine whether any such change in status of a Participant significantly affects the interests of the other Participants. If the Executive Committee determines that Participants and take any actions it does, then, unless the Executive Committee, acting by unanimous vote, otherwise agrees:deems appropriate.

Change of Status of Participant. A Participant other than a government, the European Commission, government or an intergovernmental international organisation shall will immediately notify the Executive Committee and the IEA Office of Legal Counsel Secretariat of any significant change in its status or ownership, or of its becoming bankrupt or entering into liquidation. The Executive Committee shall will determine whether any such change in status of a Participant significantly affects the interests of the other Participants. If Participants and take the Executive Committee determines that it does, then, unless the Executive Committee, acting by unanimous vote, otherwise agrees:appropriate actions.