Common use of Ownership Disclosure Clause in Contracts

Ownership Disclosure. In the event contractor is a corporation, partnership, or limited liability company, as a condition precedent to the contract, contractor shall comply with the provisions of N.J.S.A. 52:25-24.2. Contractor shall provide Montclair statement setting forth the names and addresses of all stockholders in the corporation who own 10 percent or more of its stock, of any class, or of all individual partners in the partnership who own a 10 percent or greater interest therein, or of all members in the limited liability company who own a 10 percent or greater interest therein, as the case may be. If one or more such stockholder or partner or member is itself a corporation or partnership or limited liability company, the stockholders holding 10 percent or more of that corporation's stock, or the individual partners owning 10 percent or greater interest in that partnership, or the members owning 10 percent or greater interest in that limited liability company, as the case may be, shall also be listed. The disclosure shall be continued until names and addresses of every noncorporate stockholder, and individual partner, and member, exceeding the 10 percent ownership criteria established in this act, has been listed. Contractor shall use Montclair Ownership Disclosure Form found at: xxxxx://xxx.xxxxxxxxx.xxx/procurement/forms/. If the owners of contractor are a direct or indirect parent entity which is publicly traded, contractor may submit the name and address of each publicly traded entity and the name and address of each person that holds a 10 percent or greater beneficial interest in the publicly traded entity as of the last annual filing with the federal Securities and Exchange Commission or the foreign equivalent, and, if there is any person that holds a 10 percent or greater beneficial interest, also shall submit links to the websites containing the last annual filings with the federal Securities and Exchange Commission or the foreign equivalent and the relevant page numbers of the filings that contain the information on each person that holds a 10 percent or greater beneficial interest. In the event contractor’s disclosure reveals that the ownership interest prevents Montclair from entering into a contract with the contractor, the contract shall be null and void, Montclair shall have no payment obligation, and the contractor shall return any funds received from Montclair.

Ownership Disclosure. In the event contractor No Vendor Bidder that is a corporationcorporation , partnership, or limited liability companycompany shall be awarded any contract nor shall any agreement be entered into for the performance of any work or the furnishing of any materials or supplies, as a condition precedent the cost of which is to be paid by Montclair State University unless prior to the contractreceipt of the bid or accompanying the bid, contractor shall comply with the provisions of N.J.S.A. 52:25-24.2. Contractor shall provide Montclair said corporation , said partnership, or said limited liability company there is submitted a statement setting forth the names and addresses of all stockholders in the corporation who own 10 percent or more of its stock, of any class, or of all individual partners in the partnership who own a 10 percent or greater interest therein, or of all members in the limited liability company who own a 10 percent or greater interest therein, as the case may be. If one or more such stockholder or partner or member is itself a corporation or partnership or limited liability company, the stockholders holding 10 percent or more of that corporation's stock, or the individual partners owning 10 percent or greater interest in that partnership, or the members owning 10 percent or greater interest in that limited liability company, as the case may be, shall also be listed. The disclosure shall be continued until names and addresses of every noncorporate stockholder, and individual partner, and member, exceeding the 10 percent ownership criteria established in this act, has been listed. Contractor Vendor Bidders shall use Montclair the University’s Ownership Disclosure Form found at: xxxxx://xxx.xxxxxxxxx.xxx/procurement/forms/. If the owners of contractor are Form. To comply with this section, a bidder with any direct or indirect parent entity which is publicly traded, contractor traded may submit the name and address of each publicly traded entity and the name and address of each person that holds a 10 percent or greater beneficial interest in the publicly traded entity as of the last annual filing with the federal Securities and Exchange Commission or the foreign equivalent, and, if there is any person that holds a 10 percent or greater beneficial interest, also shall submit links to the websites containing the last annual filings with the federal Securities and Exchange Commission or the foreign equivalent and the relevant page numbers of the filings that contain the information on each person that holds a 10 percent or greater beneficial interest. In the event contractor’s disclosure reveals that the ownership interest prevents Montclair from entering into a contract with the contractor, the contract shall be null and void, Montclair shall have no payment obligation, and the contractor shall return any funds received from MontclairRefer to N.J.S.A. 52:25-24.2.