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This document provides instructions for completing the change of control application required for any sale or transfer of a controlling interest (25% or more) in a licensee's business. It includes
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How to fill out change of control application

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How to fill out Change of Control Application Instructions

01
Begin by gathering all necessary documents related to the change of control.
02
Fill out the applicant's information accurately at the top of the form.
03
Provide details of the current control structure, including names and titles.
04
Describe the nature of the control change being applied for.
05
Include a timeline for the proposed control change.
06
Attach supporting documentation that verifies the change of control.
07
Review all information for accuracy and completeness.
08
Sign and date the application.

Who needs Change of Control Application Instructions?

01
Businesses that are undergoing a significant change in ownership or control.
02
Companies merging with another organization or being acquired.
03
Any entity required by regulatory authorities to report a change in control.
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People Also Ask about

Also known as change of control. A provision in an agreement giving a party certain rights (such as consent, payment or termination) in connection with a change in ownership or management of the other party to the agreement. Not all change of control provisions are triggered by the same action.
What is Change of Control? In finance, a Change of Control occurs when there is a material change in the ownership of a company. The exact criteria that determine such a change can vary and are defined by law and through contractual agreements.
Not all change of control provisions are triggered by the same action. For example, a change of control may be triggered by a sale of more than 50% of a party's stock, a sale of substantially all the assets of a party or a change in most of the board members of a party.
A Change of Control clause often includes a requirement to seek the lender's approval for a Change of Control, a right for the lender to terminate its commitment and/or demand immediate repayment of the financing in the event of an unauthorized Change of Control.

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Change of Control Application Instructions are guidelines that provide detailed information and procedures for parties involved in a business transaction that results in a change of control, outlining necessary steps for compliance with regulatory requirements.
Parties involved in a merger, acquisition, or any transaction that leads to a change in control of a company are typically required to file Change of Control Application Instructions, including the acquiring entity and the target company.
To fill out Change of Control Application Instructions, individuals should gather relevant business information, complete all required sections accurately, provide supporting documentation, and ensure compliance with any specific formatting or submission requirements.
The purpose of Change of Control Application Instructions is to facilitate the review and approval process for transactions involving a change of control, ensuring that all necessary information is disclosed to regulatory authorities to assess the impact of the transaction.
The information that must be reported typically includes details about the parties involved, the nature of the transaction, financial statements, ownership structures, business operations, and any potential impacts on competition or market conditions.
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