Major Organizational Changes. The Parties agree that in order for efficient and effective communication to occur, clear lines of authority and areas of responsibility need to be identified for each Party. Each Party agrees to promptly notify the other in writing in the event of any material change in personnel, address, or phone number. Contractor recognizes and agrees that award of the Contract was predicated upon features of Contractor's business organization as represented by Contractor in their response to the RFP. If Contractor transfers or sells fifty percent (50%) or more of its equity shareholder interests or allows a sale of substantially all of its assets, the Contractor shall notify the Department in writing no less than thirty (30) Calendar Days prior to such transfer or sale.
Major Organizational Changes. The Contractor recognizes and agrees that award of the Contract was predicated upon features of Contractor's business organization as represented by the Contractor during the ITN. If the Contractor transfers or sells more than 49.9% of its equity shareholder interests or allows a sale of substantially all of its assets, the Contractor shall notify the Department in writing no less than 30 days of such transfer or sale.
Major Organizational Changes. The Parties agree that in order for efficient and effective communication to occur, clear lines of authority and areas of responsibility need to be identified for each Party. Each Party agrees to promptly notify the other in the event of any Material change in personnel, address or phone number. The Contractor recognizes and agrees that award of the Contract was predicated upon features of Contractor's business organization as represented by the Contractor during the ITN. If the Contractor transfers or sells more than 49.9% of its equity shareholder interests or allows a sale of substantially all of its assets, the Contractor shall notify the Department in writing no less than thirty (30) days prior to such transfer or sale.
Major Organizational Changes. The Parties agree that in order for efficient and effective communication to occur, clear lines of authority and areas of responsibility need to be identified for each party. Each party agrees to promptly notify the other in the event of any material change in personnel, address or phone number.
Major Organizational Changes. The Service Provider recognizes and agrees that award of the Contract was predicated upon features of Service Provider's business organization as set forth by the Service Provider’s during negotiations. If the Service Provider transfers or sells more than 49.9% of its equity shareholder interests or allows a sale of substantially all of its assets, as determined by the Department, the Department may terminate this Contract upon no less than 30 days written notice. Such termination will not entitle the Service Provider to damages of any kind, provided that Service Provider will be entitled to compensation for work performed prior to the effective date of the termination.
Major Organizational Changes. The Parties agree that in order for efficient and effective communication to occur, clear lines of authority and areas of responsibility need to be identified for each Party. Each Party agrees to promptly notify the other in the event of any material change in personnel, address or phone number. The Vendor recognizes and agrees that award of the Contract was predicated upon features of Vendor’s business organization as represented by the Vendor during the ITN. If the Vendor transfers or sells fifty percent (50%) or more of its equity shareholder interests or allows a sale of substantially all of its assets, the Vendor shall notify the Department in writing no less than thirty (30) Calendar Days prior to such transfer or sale. Vendor is responsible for the acts or omissions of all Subcontractors, if any, it uses in the provision of the Services during the term of the Contract. The Department will have no liability of any kind for Subcontractor demands, loss, damage, negligence or any expense relating, directly or indirectly, to Subcontractors. Vendor will not subcontract any of the Services or enter into any subcontracts or change approved Subcontractors (including their key personnel and/or location of processes for the Services) without the express written consent of the Department. Vendor will give the Department prior Notice of at least sixty (60) Calendar Days or, in case of an emergency, as soon as practicable. Each approved subcontractor will be subject to the same terms and conditions as the Contract.
Major Organizational Changes. No change in Vendor’s structure, ownership, or controlling interest releases Vendor from its obligations under this Contract. Vendor shall give FHKC notice of regulatory agency approval, if applicable, prior to any transfer or change in control. FHKC has the right to elect to continue or terminate this Contract, at its sole discretion, in the event of a change in Vendor’s ownership, structure, or controlling interest. In such event, FHKC shall provide at least 30 Calendar Days Notice to Vendor of the decision to terminate the Contract.
Major Organizational Changes. The Parties agree that in order for efficient and effective communication to occur, clear lines of authority and areas of responsibility need to be identified for each party. Each party agrees to promptly notify the other in the event of any material change in personnel, address or phone number. Vendor agrees not to transfer more than 49.9 percent of its interests without the prior written approval of the Department. By execution of this Contract, Vendor represents that it has no knowledge of its intent to transfer more than 49.9 percent of its interests.
