---EFFECT OF UNAUTHORIZED TRANSFER ACTION Sample Clauses

The "Effect of Unauthorized Transfer Action" clause defines the consequences and legal implications when a party transfers rights, interests, or obligations under the agreement without proper authorization. Typically, this clause clarifies that any such unauthorized transfer is void or voidable, and may result in specific remedies such as termination of the agreement or liability for damages. Its core practical function is to protect the parties from unapproved assignments or delegations, ensuring that contractual relationships and obligations remain controlled and predictable.
---EFFECT OF UNAUTHORIZED TRANSFER ACTION. (a) Any transfer of the Cable System without complying with Section 2.6 above shall be null and void, and shall be deemed a material breach of the Renewal License. (b) If the Issuing Authority denies its consent to any such action and a transfer has nevertheless been effected, the Issuing Authority may revoke and terminate the Renewal License, unless such transfer is otherwise allowable by applicable law. (c) The grant or waiver of any one or more of such consents shall not render unnecessary any subsequent consent or consents, nor shall the grant of any such consent constitute a waiver of any other rights of the Town.
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---EFFECT OF UNAUTHORIZED TRANSFER ACTION. (a) Any transfer of the Cable System without complying with Section 2.6 above shall be null and void, and shall be deemed a material breach of the Renewal License. (b) If the Issuing Authority denies its consent to any such action and a transfer has nevertheless been effected, the Issuing Authority may revoke and terminate the Renewal License. (c) The grant or waiver of any one or more of such consents shall not render unnecessary any subsequent consent or consents, nor shall the grant of any such consent constitute a waiver of any other rights of the Town.
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---EFFECT OF UNAUTHORIZED TRANSFER ACTION. (a) The taking of any action in violation of Section 3.1 herein shall be null and void, and shall be deemed a material breach of this Franchise. (b) If the Franchising Authority denies its consent to any such action and a Transfer has nevertheless occurred, the Franchising Authority may revoke and terminate this Franchise. (c) The grant or waiver of any one or more of such consents shall not render unnecessary any subsequent consent or consents, nor shall the grant of any such consent constitute a waiver of any other rights of the Town.
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---EFFECT OF UNAUTHORIZED TRANSFER ACTION. (a) Any transfer of the Cable System pursuant to applicable law without complying with Section
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---EFFECT OF UNAUTHORIZED TRANSFER ACTION. (a) Any transfer of the Cable System without complying with Section 2.6 above shall be null and void, and shall be deemed a material breach of the Final License. (b) If the Issuing Authority denies its consent to any such action and a transfer has nevertheless been effected, the Issuing Authority may revoke and terminate the Final License. (c) The grant or waiver of any one or more of such consents shall not render unnecessary any subsequent consent or consents, nor shall the grant of any such consent constitute a waiver of any other rights of the Town. 635‌ 640 645 650 655 660 665 670 675
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---EFFECT OF UNAUTHORIZED TRANSFER ACTION. (a) Any transfer of the Cable System pursuant to applicable law without complying with Section 2.6 above shall be null and void, and shall be deemed a material breach of this Renewal License; and among other remedies available to the Town, shall subject Licensee to a liquidated damages assessment, pursuant to Section 11.2 of this Renewal License. (b) If the Issuing Authority denies its consent to any such transfer action and a transfer has nevertheless been effected, the Issuing Authority may revoke and terminate this Renewal License in accordance with applicable law. (c) The grant or waiver of any one or more of such consents shall not render unnecessary any subsequent consent or consents, nor shall the grant of any such consent constitute a waiver of any other rights of the Town.
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---EFFECT OF UNAUTHORIZED TRANSFER ACTION. (a) Any transfer of the Cable System without complying with Section 2.6 above shall be null and void, and shall: (i) be deemed a material breach of this Renewal License; and (ii) among other remedies available to the Town, be subject to a liquidated damages assessment, which assessment shall be four hundred dollars ($400.00) per day until the taking of an action described in Section 2.6(a) supra is approved, or if not approved, until the prior ownership, control or other status quo ante is restored to a condition satisfactory to the Town. (b) If the Issuing Authority denies its consent to any such action and a transfer has nevertheless been effected, the Issuing Authority may revoke and terminate this Renewal License. (c) The grant or waiver of any one or more of such consents shall not render unnecessary any subsequent consent or consents, nor shall the grant of any such consent constitute a waiver of any other rights of the Town.
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---EFFECT OF UNAUTHORIZED TRANSFER ACTION. (a) Any transfer of the Cable System without complying with Section 2.6 above shall be null and void, and shall be deemed a material breach of this Renewal License and shall be subject to Section 11.1 infra. (b) If the Issuing Authority denies its consent to any such action and a transfer has nevertheless been effected, the Issuing Authority may revoke and terminate the Renewal License, unless such transfer is otherwise allowable by applicable law.
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---EFFECT OF UNAUTHORIZED TRANSFER ACTION. (a) Any transfer of the Cable System without complying with Section 2.7 above shall be deemed a material breach of this Renewal License, and the Issuing Authority may either: (i) assess liquidated damages, which assessment shall be two hundred fifty ($250.00) per day until the taking of an action described in Section 2.7(a) is approved, or if not approved, until the prior ownership, control or other status quo ante is restored to a condition satisfactory to the Town; or (ii) revoke this Renewal License as provided in M.G.L. c. 166A, §11. (b) Notwithstanding paragraph (a) above, the Issuing Authority may revoke this Renewal License in addition to assessing liquidated damages as provided above if, after assessment of such damages, the Licensee willfully continues noncompliance with Section 2.7 above.
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Related to ---EFFECT OF UNAUTHORIZED TRANSFER ACTION

  • Your Liability for Unauthorized Transfers Immediately following your discovery of an unauthorized Payment Instruction, you shall communicate with customer care for the Service in the manner set forth in Section 6 of the General Terms above. You acknowledge and agree that time is of the essence in such situations. If you tell us within two (2) Business Days after you discover your password or other means to access your account through which you access the Service has been lost or stolen, your liability is no more than $50.00 should someone access your account without your permission. If you do not tell us within two (2) Business Days after you learn of such loss or theft, and we can prove that we could have prevented the unauthorized use of your password or other means to access your account if you had told us, you could be liable for as much as $500.00. If your monthly financial institution statement contains payments that you did not authorize, you must tell us at once. If you do not tell us within sixty (60) days after the statement was sent to you, you may lose any amount transferred without your authorization after the sixty (60) days if we can prove that we could have stopped someone from taking the money had you told us in time. If a good reason (such as a long trip or a hospital stay) prevented you from telling us, we will extend the time periods specified above to a reasonable period.

  • Contact in Event of Unauthorized Transfer If you believe your Card or PIN has been lost or stolen or that someone has transferred or may transfer money from your Account without your permission, please contact us via calling or writing using the contact number(s) or addresses listed at the end of this Agreement and Disclosure.

  • Liability for Unauthorized Transactions Protection from Unauthorized Transactions What is an Unauthorized Transaction What is not considered an Unauthorized Transaction Reporting an Unauthorized Transaction Error Resolution What is an Error

  • UNAUTHORIZED TRANSFERS To report a lost or stolen Card, PIN, Access Code or any combination thereof, You will call Us at the telephone number shown in this Agreement. You may also report the loss of a Card, PIN, Access Code or any combination thereof, by writing to Us at the address shown in this Agreement. You should also call the number or write to the address listed above if You believe a transfer has been made using the information from Your check without Your permission.

  • Unauthorized Transactions You are not responsible for unauthorized Transactions. A Transaction is considered an “unauthorized Transaction” if we complete an investigation and determine that: • The Account was used by someone other than you; • You did not receive any benefit from the Transaction; • You co-operated fully with us in our investigation; and • You followed your responsibilities under this Agreement, including in these sections: i. “Unauthorized Transactions” , ii. “Using the Account”