Recipient Operation and Change of Business Sample Clauses

Recipient Operation and Change of Business. Recipient is prohibited from engaging in, or permitting any of its subsidiaries from engaging in, any business other than the businesses currently engaged in by Recipient and such subsidiaries, as applicable, or consummating any transaction that would result in a material change in its ownership. Recipient is prohibited from, without at least thirty (30) days prior written notice to the State Water Board and obtaining prior approval from the State Water Board: (a) relocating its chief executive office, or adding any new offices or business location, or (b) changing its jurisdiction of organization, or (c) changing its organizational structure or type, or (d) changing its legal name, or (e) changing any organizational number (if any) assigned by its jurisdiction of organization, or (f) merging or consolidating, or permitting any of its subsidiaries to merge or consolidate, with any other person or business entity. Recipient is required to meet the minimum funding requirements of Employee Retirement Income Security Act of 1974 (ERISA), is prohibited from having a Reportable Event or Prohibited Transaction, each as defined in ERISA, and is required to comply with the Federal Fair Labor Standards Act.
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Related to Recipient Operation and Change of Business

  • Change of business The Company shall procure that no substantial change is made to the general nature of the business of the Company or the Group from that carried on at the date of this Agreement.

  • Operation of Business Each of Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Event.

  • Terms of Business Capitalised terms used in this API Agreement have the meanings given to them in our Terms of Business, unless the context requires otherwise or unless separately defined in this API Agreement. The same rules of interpretation set out in our Terms of Business apply in this API Agreement. If there is any inconsistency between the provisions of the API Agreement and our Agreement, the Terms of Business will prevail unless the provision relates exclusively to your use of our API, in which case API Agreement will prevail. In all other circumstances.

  • Change in Form of Business Organization If, during the term of this Agreement, the form of CONTRACTOR’s business organization changes, or the ownership of CONTRACTOR changes, or when changes occur between CONTRACTOR and other businesses that could impact services provided through this Agreement, CONTRACTOR shall promptly notify ADMINISTRATOR, in writing, detailing such changes. A change in the form of business organization may, at COUNTY’s sole discretion, be treated as an attempted assignment of rights or delegation of duties of this Agreement.

  • Payment for Change of Scope Payment for Change of Scope shall be made in accordance with the payment schedule specified in the Change of Scope Order.

  • Responsibilities of Business Associate Business Associate agrees:

  • Cessation of Business Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.

  • Obligations and Activities of Business Associate Business Associate agrees to:

  • Nature of Business Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

  • Personnel Changes The Contractor may remove its personnel assigned to perform under this Contract and substitute other qualified personnel. Any removals or replacements by Contractor shall be at no additional cost to the Department.

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