Predecessor companies Sample Clauses
The 'Predecessor companies' clause defines how obligations, rights, or liabilities are treated in relation to companies that existed before the current entity, often due to mergers, acquisitions, or reorganizations. This clause typically clarifies whether the current company assumes responsibility for actions, contracts, or debts incurred by its predecessors, and may specify the extent of such assumption. Its core function is to ensure clarity regarding the continuity or limitation of legal and financial responsibilities, thereby preventing disputes over legacy issues.
Predecessor companies. If the proposed past performance was performed by a predecessor company, provide the information for the recent and relevant contract of the predecessor company and document the history of the evolution from the predecessor company. Any corporate experience of a company that in the future might, but has not yet, become part of the Offeror’s company, including but not limited to any pending novation agreements, mergers, and acquisitions, will NOT be considered. Any corporate experience of a predecessor company or division divested away from the offeror also will NOT be considered.
Predecessor companies. All regular employees shall be given credit for the purposes of vacation entitlement and leaves of absence providing such service credits were established on April 1, 1984, for all previous periods of service with B.C. Hydro, Pacific Stage Lines, Vancouver Island Coach Lines, or any of their predecessor companies or operations.
Predecessor companies. If the proposed corporate experience was performed by a predecessor company, provide the information for the contract of the predecessor company, document the history of the evolution from the predecessor company, and provide explanation for why the corporate experience information of the predecessor company should be attributed to the Offeror, not to exceed one (1) page. Any corporate experience of a company that in the future might, but has not yet, become part of the Offeror's company, including but not limited to any pending novation agreements, mergers, and acquisitions, will NOT be considered. Any corporate experience of a predecessor company or division divested away from the Offeror also will NOT be considered. Submission requirements in accordance with this paragraph are not included in the page limitations for the Technical Volume. Offeror shall NOT propose corporate experience examples of subcontractors or teammates. If an Offeror proposes corporate experience examples of subcontractors or teammates, the Offeror shall be ineligible for award. If an Offeror proposes an example under a different CAGE from the Offeror, the Offeror shall describe the relationship within the legal entity of the Offeror and include an affirmative statement that the example was performed by the same legal entity as the Offeror and is not the experience of a subcontractor or teammate. Joint ventures. If an Offeror proposes as a legal joint venture, the CAGE provided shall be specifically for the joint venture submitting the proposal as the Offeror. If an Offeror proposes using the CAGE for only one of the companies participating in the joint venture, that company shall be considered the one and only Offeror, and the experience of partners, teammates, or subcontractors shall not be submitted. If an Offeror proposes as a legal joint venture, experience examples from individual partners may be submitted; the Offeror shall note the relationship of the partner to the joint venture. Offeror shall sanitize information relative to classified contracts or orders.
Predecessor companies. The Company has not since January 1, 1990 --------------------- merged or consolidated with, or acquired all or substantially all of the assets of (whether by liquidation and distribution or otherwise), any corporation, trust or other entity.