Initial Transfer Date Sample Clauses

The Initial Transfer Date clause establishes the specific date on which the first transfer of assets, rights, or obligations under an agreement will occur. In practice, this clause sets a clear timeline for when the parties must be ready to complete the initial handover, such as the delivery of goods, payment of funds, or assignment of contractual rights. By defining this date, the clause ensures both parties are aligned on when their respective duties begin, reducing ambiguity and helping to coordinate related activities or obligations.
Initial Transfer Date. On or prior to the initial Transfer Date, the following conditions shall have been satisfied (it being understood that the initial Transfer Date shall refer to the date hereof):
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Initial Transfer Date. The date that is one hundred eighty (180) days after the Effective Date, even if that one hundred eightieth (180th) day is not a Business Day. § 5.1(l).
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Initial Transfer Date. Subject to the provisions of Article V of this Agreement, the closing of the transactions contemplated by this Agreement shall take place at such location as Seller and Buyer shall determine on the Initial Transfer Date which shall be on the third business day after the date on which all of the conditions contained in Article V are satisfied or waived, or such other location, date and time as may be agreed upon by the parties.
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Initial Transfer Date. Subject to the terms and conditions of this Agreement, the first Transfer Date for any of the Customer Contracts and Purchased Assets contemplated by this Agreement shall take place at the offices of Purchaser, within five (5) Business Days after all of the conditions to the initial transfer set forth in Section 6.3 and Section 6.4 are either satisfied or waived (other than conditions which, by their nature, are to be satisfied on the Initial Transfer Date), or at such other time, date or place as Seller and Purchaser may mutually agree upon in writing. The date on which the initial Transfer Date of the Customer Contracts and Purchased Assets is to occur is herein referred to as the “Initial Transfer Date".
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Initial Transfer Date. The first Transfer Date.
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Related to Initial Transfer Date

  • Transfer Date In the event the Interim Servicer is terminated as servicer of a Mortgage Loan pursuant to the Interim Servicing Agreement, the date on which the Purchaser, or its designee, shall receive the transfer of servicing responsibilities and begin to perform the servicing of such Mortgage Loans, and the Interim Servicer shall cease all servicing responsibilities.

  • Mortgage Payments Received After Transfer Date The amount of any related Monthly Payments received by the Seller after the related Transfer Date shall be forwarded to the Purchaser by overnight mail within one (1) Business Day following the date of receipt. The Seller shall notify the Purchaser of the particulars of the payment, which notification requirement shall be satisfied if the Seller forwards with its payment sufficient information to permit appropriate processing of the payment by the Purchaser. The Seller shall assume full responsibility for the necessary and appropriate legal application of such Monthly Payments received by the Seller after the related Transfer Date with respect to related Mortgage Loans then in foreclosure or bankruptcy; provided, for purposes of this Agreement, necessary and appropriate legal application of such Monthly Payments shall include, but not be limited to, endorsement of a Monthly Payment to the Purchaser with the particulars of the payment such as the account number, dollar amount, date received and any special Mortgagor application instructions and the Seller shall comply with the foregoing requirements with respect to all Monthly Payments received by it after the related Transfer Date.

  • Additional Transfers For purposes of this Lease, the term “Transfer” shall also include (i) if Tenant is a partnership, the withdrawal or change, voluntary, involuntary or by operation of law, of fifty percent (50%) or more of the partners, or transfer of fifty percent (50%) or more of partnership interests, within a twelve (12)-month period, or the dissolution of the partnership without immediate reconstitution thereof, and (ii) if Tenant is a closely held corporation (i.e., whose stock is not publicly held and not traded through an exchange or over the counter), (A) the dissolution, merger, consolidation or other reorganization of Tenant or (B) the sale or other transfer of an aggregate of fifty percent (50%) or more of the voting shares of Tenant (other than to immediate family members by reason of gift or death), within a twelve (12)-month period, or (C) the sale, mortgage, hypothecation or pledge of an aggregate of fifty percent (50%) or more of the value of the unencumbered assets of Tenant within a twelve (12)-month period.

  • Lateral Transfers Employees may request to be transferred to a vacant position within their classification in another division of the Public Works Department and may be transferred pursuant to such request with the written approval of their division head, the involved appointing authority and the Employer's Director, Labor Relations. Such transferred employees shall serve a three (3) month probationary period in the new position. If removed by the appointing authority during the probationary period, the involved employee shall be reassigned to a vacant position within the classification or, if none is available, to their previous position.

  • Lateral Transfer Employees may request to be transferred to a vacant position in another job classification at the same MCSC Grade level provided they meet the minimum qualifications for the position.