Common use of Status Change Clause in Contracts

Status Change. You agree to give us prompt written notice (unless precluded by law or regulation) of any change or anticipated change in your financial condition, business structure, or operating environment (for example, a material change in equity ownership or management or any substantive change to information supplied in your application). Upon notification of such change, (or in the event of failure to give notice of such change) IBM may, at its sole discretion, immediately terminate this Agreement.

Status Change. You agree to give us prompt written notice (unless precluded by law or regulation) of any change or anticipated change in your financial condition. Utilities,, business structure, or operating environment (for example, a material change in equity ownership or management or any substantive change to information supplied in your application). Upon notification of such change, (or in the event of failure to give notice of such change) IBM mayrelay, at its sole discretion, immediately terminate this Agreement.

Status Change. You agree to give us prompt written notice (unless precluded by law or regulation) of any material change or anticipated material change in your financial condition, business structure, or operating environment (for example, a material change in equity ownership or management or any substantive change to information supplied in your application). Upon notification of such change, (or in the event of failure to give notice of such change) you will provide IBM with evidence that you will be able to reasonably meet with your contractual responsibilities. If you are unable to do so, IBM may, at its sole discretion, immediately terminate this AgreementAgreement when the material change is effective.