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What is an example of a change of control clause?

In the event of a Change of Control of [Party A], [Party B] shall have the right to terminate this Agreement by giving written notice within 30 days of becoming aware of the Change of Control. Such termination shall take effect 30 days from the date of notice.

What does change of control mean in a contract?

Parties normally seek to include provisions in an agreement that allow for either termination or an adjustment of their rights, such as payment, upon a change of structure or ownership of the other party. This is known as a change of control clause.

What does change of control mean in a sample provision?

A Change of Control shall be deemed to have occurred if, after the Effective Date, (i) the beneficial ownership (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the Exchange Act)) of securities representing more than 50% of the combined voting power of the Company is acquired by any Definition of Change of Control Sample Clauses - Law Insider lawinsider.com clause definition-of-chan lawinsider.com clause definition-of-chan

What is the change of control termination provision?

A change of control provision gives a party certain rights under a contract, such as the right to receive payment, require consent, or terminate the contract, in the event of a specified trigger. Triggers can relate to a change in ownership or control of a counterparty, changes in policies or key personnel, etc.

What is the right to terminate for change of control?

Change of Control clauses create a right to terminate a contract - usually with a supplier - after the management and/or shareholders change, during the term of the contract. Its a type of break clause: the right to terminate the contract arises those in control of the company change. change of control clauses and termination - Hall Ellis Solicitors hallellis.co.uk change-of-control-clauses hallellis.co.uk change-of-control-clauses

What is the change of control clause in a supply agreement?

If there is a change in control in the ownership, control, and/or legal form of the Supplier, which results in more than 50% of the shares in the Supplier being controlled by another party and/or voting control of the Supplier being acquired by another party and/or control of the composition of the board of the

What is the purpose of the change of control provision?

In employment contracts, a change of control clause entitles the employee to a specified payment or enhanced notice period if their employer is taken over and the takeover results in dismissal by their employer or a material reduction in the employees responsibilities leading to constructive dismissal within a Change of control clause | Practical Law - Westlaw westlaw.com document Change- westlaw.com document Change-

What are the change of control provisions in a credit agreement?

It is common for creditor agreements to include a change of control clause to protect the lender in case the company comes under new ownership. Such clauses may stipulate that the lender can demand to be repaid in full upon triggering of the clause by a change in company ownership. Change of Control - Corporate Finance Institute corporatefinanceinstitute.com valuation chang corporatefinanceinstitute.com valuation chang

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Edit emblem in the Change in Control Agreement

Take advantage of the supreme efficiency and stress-free way to edit emblem in Change in Control Agreement with DocHub.

Follow these steps to easily edit emblem in Change in Control Agreement:

PDF editing simplified with DocHub

Drive efficiency with the DocHub add-on for Google Workspace

Got questions?

What is an example of a change of control clause?

What does change of control mean in a contract?

What does change of control mean in a sample provision?

What is the change of control termination provision?

What is the right to terminate for change of control?

What is the change of control clause in a supply agreement?

What is the purpose of the change of control provision?

What are the change of control provisions in a credit agreement?

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Edit emblem in the Change in Control Agreement

Take advantage of the supreme efficiency and stress-free way to edit emblem in Change in Control Agreement with DocHub.

Follow these steps to easily edit emblem in Change in Control Agreement:

PDF editing simplified with DocHub

Drive efficiency with the DocHub add-on for Google Workspace

Related features

Got questions?

What is an example of a change of control clause?

What does change of control mean in a contract?

What does change of control mean in a sample provision?

What is the change of control termination provision?

What is the right to terminate for change of control?

What is the change of control clause in a supply agreement?

What is the purpose of the change of control provision?

What are the change of control provisions in a credit agreement?

See why our customers choose DocHub

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