Corporation on Notice Sample Clauses

Corporation on Notice. The Corporation acknowledges the terms of this Agreement and agrees not to permit or facilitate any act or omission within its reasonable control which would be contrary to the terms of this Agreement. The Corporation agrees that it will act in accordance with this Agreement, and the Corporation will advise the chairperson of any meeting of shareholders of the Corporation of the provisions of this Agreement.
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Related to Corporation on Notice

  • Limitation on Out of-State Litigation - Texas Business and Commerce Code § 272 This is a requirement of the TIPS Contract and is non-negotiable. Texas Business and Commerce Code § 272 prohibits a construction contract, or an agreement collateral to or affecting the construction contract, from containing a provision making the contract or agreement, or any conflict arising under the contract or agreement, subject to another state’s law, litigation in the courts of another state, or arbitration in another state. If included in Texas construction contracts, such provisions are voidable by a party obligated by the contract or agreement to perform the work. By submission of this proposal, Vendor acknowledges this law and if Vendor enters into a construction contract with a Texas TIPS Member under this procurement, Vendor certifies compliance.

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