Changes to Operator’s Organizational Structure Sample Clauses
The "Changes to Operator’s Organizational Structure" clause defines the requirements and procedures that must be followed if the operator undergoes significant modifications to its internal organization, such as mergers, acquisitions, or restructuring. Typically, this clause obligates the operator to notify the other party of any such changes within a specified timeframe and may require prior consent or impose conditions to ensure continuity of obligations. Its core practical function is to maintain transparency and protect the interests of the other party by ensuring that organizational changes do not adversely affect the performance or enforceability of the agreement.
Changes to Operator’s Organizational Structure. Promptly following delivery to the Owners pursuant to Section 5.1.2.2 of the Nuclear Managing Board Agreement, a copy of any material information reported by the Operator to the Owners regarding any change to the organizational structure of the Operator to the extent that such change has a material effect on the Operator’s personnel who are dedicated to each Unit; and