Common use of Contractor Changes Clause in Contracts

Contractor Changes. The Contractor shall notify the Agency in writing no later than ten (10) Days from the effective date of any change in: its certificate of incorporation or other organizational document; more than a controlling interest in the ownership of the Contractor; or the individual(s) in charge of the Performance. This change shall not relieve the Contractor of any responsibility for the accuracy and completeness of the Performance. The Agency, after receiving written notice by the Contractor of any such change, may require such agreements, releases and other instruments evidencing, to the Agency’s satisfaction, that any individuals retiring or otherwise separating from the Contractor have been compensated in full or that provision has been made for compensation in full, for all work performed under terms of the Contract. The Contractor shall deliver such documents to the Agency in accordance with the terms of the Agency’s written request. The Agency may also require, and the Contractor shall deliver, a financial statement showing that solvency of the Contractor is maintained. The death of any Contractor Party, as applicable, shall not release the Contractor from the obligation to Perform under the Contract; the surviving Contractor Parties, as appropriate, must continue to Perform under the Contract until Performance is fully completed.

Contractor Changes. The Contractor shall notify the Agency DAS in writing no later than ten (10) Days from the effective date of any change in: its certificate of incorporation or other organizational document; more than a controlling interest in the ownership of the Contractor; or the individual(s) in charge of the Performance. This change shall not relieve the Contractor of any responsibility for the accuracy and completeness of the Performance. The AgencyDAS, after receiving written notice by the Contractor of any such change, may require such agreements, releases and other instruments evidencing, to the AgencyDAS’s satisfaction, that any individuals retiring or otherwise separating from the Contractor have been compensated in full or that provision has been made for compensation in full, for all work performed under terms of the Contract. The Contractor shall deliver such documents to the Agency DAS in accordance with the terms of the AgencyDAS’s written request. The Agency DAS may also require, and the Contractor shall deliver, a financial statement showing that solvency of the Contractor is maintained. The death of any Contractor Party, as applicable, shall not release the Contractor from the obligation to Perform under the Contract; the surviving Contractor Parties, as appropriate, must continue to Perform under the Contract until Performance is fully completed.