Common use of Effect of Reorganization Clause in Contracts

Effect of Reorganization. Provider acknowledges that this Agreement is made by and between DHS and Provider, as Provider is currently organized and constituted. No promise or undertaking made hereunder is an assurance that DHS agrees to continue this Agreement, or any license related thereto, should Provider reorganize or otherwise substantially change the character of its corporate or other business structure. Provider agrees that it will give DHS prior notice of any such action and will provide any and all reasonable documentation necessary for DHS to review the proposed transaction including financial records and corporate and shareholder minutes of any corporation which may be involved. Failure to comply with this ARTICLE XXVIII shall constitute a material breach of this Agreement.

Appears in 7 contracts

Samples: Community Services Agreement, Community Services Agreement, Community Services Agreement

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Effect of Reorganization. Provider acknowledges that this Agreement is made by and between DHS and Provider, as Provider is currently organized and constituted. No promise or undertaking made hereunder is an assurance that DHS agrees to continue this Agreement, or any license related thereto, should Provider reorganize or otherwise substantially change the character of its corporate or other business structure. Provider agrees that it will give DHS prior notice of any such action and will provide any and all reasonable documentation necessary for DHS to review the proposed transaction including financial records and corporate and shareholder minutes of any corporation which may be involved. Failure to comply with this ARTICLE Article XXVIII shall constitute a material breach of this Agreement.

Appears in 2 contracts

Samples: Community Services Agreement, Community Services Agreement

Effect of Reorganization. The Provider acknowledges that this Agreement is made by and between DHS and the Provider, as the Provider is currently organized and constituted. No promise or undertaking made hereunder is an assurance that DHS agrees to continue this Agreement, or any license related thereto, should the Provider reorganize or otherwise substantially change the character of its corporate or other business structure. The Provider agrees that it will give DHS prior notice of any such action and will provide any and all reasonable documentation necessary for DHS to review the proposed transaction including financial records and corporate and shareholder minutes of any corporation which may be involved. Failure to comply with this ARTICLE XXVIII Article XXV shall constitute a material breach of this Agreement.

Appears in 1 contract

Samples: Community Services Agreement

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Effect of Reorganization. Provider The Contractor acknowledges that this Agreement is made by and between DHS and Providerthe Contractor, as Provider the Contractor is currently organized and constituted. No promise or undertaking made hereunder is an assurance that DHS agrees to continue this Agreement, or any license related thereto, should Provider the Contractor reorganize or otherwise substantially change the character of its corporate or other business structure. Provider The Contractor agrees that it will give DHS prior notice of any such action and will provide any and all reasonable documentation necessary for DHS to review the proposed transaction including financial records and corporate and shareholder minutes of any corporation which may be involved. Failure to comply with this ARTICLE XXVIII Article XXIII shall constitute a material breach of this Agreement.

Appears in 1 contract

Samples: www.dhs.state.il.us

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