Conditions of Transfers Sample Clauses
The "Conditions of Transfers" clause defines the specific requirements and criteria that must be met before a transfer of rights, assets, or obligations can take place under an agreement. This may include obtaining necessary consents from third parties, fulfilling regulatory approvals, or ensuring that certain financial or operational benchmarks are achieved prior to the transfer. By clearly outlining these prerequisites, the clause helps prevent disputes and ensures that all parties understand the steps needed for a valid and enforceable transfer, thereby safeguarding the interests of both the transferor and transferee.
Conditions of Transfers. As a condition of any Transfer other than to another party, the transferee must covenant to and agree with the other parties to this Agreement to be bound by this Agreement, including this Article 6, and prior to the completion of any such Transfer, the Transferring Party must deliver to the other Party evidence thereof in a form satisfactory to such other parties. Notwithstanding any such Transfer, the Transferring Party will remain liable for all of its obligations hereunder, unless the Holdings have been Transferred to a third party pursuant to Section 6.3.
Conditions of Transfers. In the event that the Employer finds it necessary, from time to time, to adjust its work force to meet emergent conditions resulting in the transfer of seniority employees, the following conditions shall apply:
(a) An employee transferred to a higher rated position shall receive the rate of pay for the higher position upon transfer; it being understood that such employee shall revert to their regular rate of pay when the employee returns to their regular duties.
(b) When an employee has worked temporarily in a higher rated position for more than fifteen (15) consecutive working days immediately prior to an illness, vacation or statutory holiday, the employee shall receive that higher rate of pay upon illness, vacation or statutory holiday.
(c) An employee transferred to a lower rated position shall maintain their normal rate of pay as established by the position from which the employee was transferred.
Conditions of Transfers. 12 SECTION 3.01. Conditions Precedent to Initial Transfer from the Transferor.....................................12 SECTION 3.02. Conditions Precedent to All Transfers...................12 SECTION 3.03. Condition Precedent to the Transferor's Obligations.............................................13
Conditions of Transfers. 21 ARTICLE 7 FORCE MAJEURE
Conditions of Transfers. 15 SECTION 3.01. Conditions Precedent to Initial Transfer from the Originator........................ 15 SECTION 3.02. Conditions Precedent to All Transfers............................................... 16 ii ARTICLE V COVENANTS ............................................................................... 22 SECTION 5.01. A. Covenants of the Originator.................................................... 22 B. Covenants of the Transferee.................................................... 27 SECTION 5.02. Grant of Security Interest.......................................................... 28
Conditions of Transfers. (a) No Transfer may be made at any time prior to the Initial Utilisation Date.
(b) On and following the Initial Utilisation Date, the prior written consent of the Company (acting in its absolute discretion) is required for a Transfer unless that Transfer:
(i) in respect of any Transfer under the Initial Term Facility or an Additional Facility which is a term loan facility, is to a New Lender listed on the White List; or
(ii) is:
Conditions of Transfers. SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement.............................-20- SECTION 5.02 Conditions Precedent to All Transfers and Reinvestments.............................-22- ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of Transaction Parties...............................-23- ARTICLE VII GENERAL COVENANTS OF TRANSACTION PARTIES SECTION 7.01 Affirmative Covenants of Transaction Parties........................................-28- SECTION 7.02 Reporting Requirements of Transaction Parties.......................................-31- SECTION 7.03 Negative Covenants of Transaction Parties...........................................-33- SECTION 7.04 Separate Corporate Existence of Transferor..........................................-36-
Conditions of Transfers. In the event that the Employer finds it necessary, from time to time, to adjust its work force to meet emergent conditions resulting in the transfer of seniority employees, the following conditions shall apply:
Conditions of Transfers. As a condition of any Transfer other than to another Party or an Affiliate of a Party, the transferee must covenant to and agree with the remaining Party to be bound by this Agreement, including this Article 7, and prior to the completion of any such Transfer, the Transferring Party must deliver to the remaining Party evidence thereof in a form satisfactory to such remaining Party. Notwithstanding any such Transfer, the Transferring Party will remain liable for all of its obligations hereunder, unless the Holdings have been Transferred to a third party with consent pursuant to Section 7.2(b) or the remaining Party has approved the Transfer on the basis that the Transferring Party will be released, such approval not to be unreasonably withheld.