Common use of Notice of Material Changes Clause in Contracts

Notice of Material Changes. 15.01 The Contractor must immediately inform the County of material changes in its operation, ownership or financial condition. Material changes include, but are not limited to: A. Reduction or change in staffing assigned to the Contract. B. Decrease in, or cancellation of, insurance coverage. C. Delinquent payment, or nonpayment, of tax obligations. D. Delinquent payment, or nonpayment, of payroll obligations. E. Delinquent funding, or nonfunding, of pension or profit sharing plans. F. Delinquent payment, or nonpayment, of subcontractors. G. Termination of, or changes in, subcontracts. H. Transfer, sell, assignment or delegation to an entity other than the Contractor, of ownership or administrative services.

Appears in 4 contracts

Samples: Professional Services, Professional Services, Professional Services

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Notice of Material Changes. 15.01 The Contractor must immediately inform the County of material changes in its operation, ownership or financial condition. Material changes include, but are not limited to: A. Reduction or change in staffing assigned to the Contract. B. Decrease in, or cancellation of, insurance coverage. C. Delinquent payment, or nonpayment, of tax obligations. D. Delinquent payment, or nonpayment, of payroll obligations. E. Delinquent funding, or nonfunding, of pension or profit sharing plans. F. Delinquent payment, or nonpayment, of subcontractors. G. Termination of, or changes in, subcontracts. H. Transfer, sell, assignment or delegation to an entity other than the Contractor, of ownership or administrative services.services.‌

Appears in 2 contracts

Samples: Professional Services, Professional Services

Notice of Material Changes. 15.01 The Contractor must immediately inform the County WCERS of material changes in its operation, ownership or financial condition. Material changes include, but are not limited to: A. Reduction or change in staffing assigned to the Contract. B. Decrease in, or cancellation of, insurance coverage. C. Delinquent payment, or nonpayment, of tax obligations. D. Delinquent payment, or nonpayment, of payroll obligations. E. Delinquent funding, or nonfunding, of pension or profit sharing plans. F. Delinquent payment, or nonpayment, of subcontractors. G. Termination of, or changes in, subcontracts. H. Transfer, sell, assignment or delegation to an entity other than the Contractor, of ownership or administrative services.

Appears in 1 contract

Samples: Professional Services

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Notice of Material Changes. 15.01 9.01 The Contractor must immediately inform the County of material changes in its operation, ownership or financial condition. Material changes include, but are not limited to: A. Reduction or change in staffing assigned to the Contract. B. Decrease in, or cancellation of, insurance coverage. C. Delinquent payment, or nonpayment, of tax obligations. D. Delinquent payment, or nonpayment, of payroll obligations. E. Delinquent funding, or nonfunding, of pension or profit sharing plans. F. Delinquent payment, or nonpayment, of subcontractors. G. Termination of, or changes in, subcontracts. H. Transfer, sellsale, assignment or delegation to an entity other than the Contractor, of ownership or administrative services.

Appears in 1 contract

Samples: Professional Services

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