Project transfer Sample Clauses

A Project Transfer clause defines the conditions under which the rights and obligations related to a project may be assigned or transferred from one party to another. Typically, this clause outlines the process for obtaining consent from the non-transferring party, specifies any restrictions on transfer, and may require the transferee to meet certain qualifications or assume all existing obligations. Its core practical function is to provide a clear framework for changing project ownership or responsibility, thereby preventing disputes and ensuring continuity if a transfer becomes necessary.
Project transfer i. A request for a transfer will be considered only if the circumstances are exceptional. ii. The project and any equipment purchased with the Grant or contributions from Participating Organisations must not be transferred until approved by Us. iii. We will not pay relocation expenses associated with the transfer. iv. If We do not approve a transfer, we may terminate the Grant and recover any unspent Grant funds.
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Project transfer. A request for a transfer of the Fellowship to a new Administering Organisation will be considered only if the circumstances are exceptional.
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Project transfer i. The request for a transfer will be considered only if the circumstances are exceptional. ii. The project and any equipment purchased with the Grant or contributions from other Participating Organisations must not be transferred until ARC approval is provided. iii. The ARC will not pay relocation expenses associated with the transfer. iv. If a transfer is not approved by the ARC, the project may be terminated and any unspent Grants recovered by the ARC.
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Project transfer. A Project - Transfer may be requested if the project is still active and there are ARC funds still available for expenditure and if all parties agree to the transfer. This variation type is commonly used when: • the Project Leader changes institutions and wants to take the grant with them, or • there is a change in Project leader and the Project moves to the new leader’s employing institution. For a project to be transferred, the new organisation must be listed as an Eligible Organisation as specified in the relevant ARC Agreement. If they are not listed, they will not be able to become the Administering Organisation for the project. Tip: An ARC Agreement will also have to be accepted in RMS, prior to the organisation being able to become the new Administering Organisation. If the receiving organisation does not yet have an accepted ARC Agreement in RMS for the relevant scheme round, (indicated by a validation error when processing the transfer request) the Research Office will have to contact the ARC Post-award team at ▇▇▇-▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇.▇▇ and request that an ARC Agreement be made available in RMS. Once an Agreement has been accepted by ARC and the new organisation, the transfer request can be submitted. Transfer requests must always be fully justified and outline the reason for the transfer, how it will benefit the project and what (if any) affect it will have on any students or employees involved in the project. Transfer requests are also expected to have the agreement of all parties listed on the project. Requests for Fellowship/Awardee transfers will also require additional justification from the DVCR from the receiving Administering Organisation. This justification should outline the exceptional reasons for the transfer, how the new research environment will benefit the Fellow/Awardee.
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Project transfer. Select Transfer from the ‘Add Project Variation’ drop-down. Select the Organisation which the Project is being transferred to in the ‘New Administering Organisation’ drop-down. Update or Withdraw the original Administering Organisation, by changing its role or withdrawn it from the Project. Provide the total Project and/or Salary expenditure to date, via the ‘Total Project Expenditure’ column. Note, the transfer amount will be calculated by subtracting the reported expenditure from the allocated amount. Provide the date that this is to take effect in the ‘Effective Date’ box. Select ‘Add’ Provide details of the transfer in the Justification box. Select the ‘Choose File’ button and then press ‘Upload’ to attach the relevant documentation for the entire request, noting that it can only be one attachment. ‘Save’ and ‘Close’ the request.
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Project transfer 
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Related to Project transfer

  • Permit Transfer/Sale Release and Waiver of All Claims against Sector Manager; Indemnification and Hold Harmless.

  • Contract Transition Upon Contract expiration or termination, the Contractor shall ensure a seamless transfer of Contract responsibilities with any subsequent Contractor necessary to transition the Products and services of the Contract. The incumbent Contractor assumes all expenses related to the contract transition.

  • Qualified Transferee Any Transfer of a Partnership Interest shall be made only to a single Qualified Transferee; provided, however, that, for such purposes, all Qualified Transferees that are Affiliates, or that comprise investment accounts or funds managed by a single Qualified Transferee and its Affiliates, shall be considered together to be a single Qualified Transferee; and provided, further, that each Transfer meeting the minimum Transfer restriction of Section 11.3.A(4) hereof may be to a separate Qualified Transferee.

  • Permitted Transfer Notwithstanding anything in this Article 5 to the contrary, Tenant may assign its interest in this Lease or sublease all or any part of the Premises (each a “Permitted Transfer”) to a Permitted Transferee (defined below) with notice to Landlord (delivered prior to the Transfer, or in the event Tenant is prohibited from doing so by Applicable Laws or contractual obligations, then as soon as reasonably practical) but without Landlord’s prior written consent; provided, that (i) with respect to a Permitted Transfer involving an assignment of this Lease, the Permitted Transferee assumes this Lease by a written assumption agreement delivered to Landlord prior to the effective date of such Permitted Transfer (unless such prior delivery is prohibited by Applicable Laws, in which event Tenant shall deliver such assumption agreement as soon as allowed), (ii) the Permitted Transferee shall use the Premises only for the Permitted Use, (iii) the use of the Premises by the Permitted Transferee shall not violate any other agreements or leases affecting the Property, (iv) the occurrence of a Permitted Transfer shall not waive Landlord’s rights as to any subsequent Transfer, (v) the Permitted Transferee shall satisfy the Credit Requirement (defined below), and (vi) Tenant shall have given Landlord written notice at least thirty (30) day before such Transfer (unless such notice is prohibited by applicable Law, in which event Tenant shall give such notice within ten days following such Transfer). As used herein, (A) “Affiliate” means any person or entity who or which controls, is controlled by, or is under common control with Tenant, (ii) a corporation or other entity which shall be a wholly owned subsidiary of the Tenant, (iii) the parent corporation or other entity that wholly owns Tenant, or (iv) a subsidiary of such parent corporation or other entity that wholly owns Tenant, or a corporation or other entity having a majority of its ownership in common with the ownership of Tenant, or (v) a Successor corporation, limited liability company or other entity; (B) “Successor” means any (i) business entity in which or with which Tenant is merged or consolidated in accordance with applicable statutory provisions governing merger and consolidation of business entities, so long as Tenant’s obligations under this Lease are assumed by the Successor, or (ii) the successor or surviving corporation or other entity in the event of a merger or consolidation of the Tenant with another corporation, so long as Tenant’s obligations under this Lease are assumed by the Successor; (C) “Purchaser” means any person or entity who or which acquires all or substantially all of the assets or equity interests of Tenant; (D) “Permitted Transferee” means an Affiliate, Successor or Purchaser. The “Credit Requirement” shall be deemed satisfied if, as of the effective date of the Permitted Transfer, the resulting tenant under this Lease meets or exceeds all of following minimum criteria immediately following the Transfer: (i) cash on hand equal to at least Two Billion Dollars ($2,000,000,000) according to the Permitted Transferee’s most recent financial statement, determined in accordance with generally accepted accounting principles (“GAAP”), (ii) outstanding debt of not more than sixty (60%) of the Permitted Transferee’s available cash on hand (as determined pursuant to the foregoing subsection (i) according to the Permitted Transferee’s most recent financial statement, determined in accordance with GAAP, and (iii) a market capitalization equal to at least Five Billion Three Hundred Million Dollars ($5,300,000,000).

  • Asset Transfer As consideration for the indemnity reinsurance of the General Account Liabilities by Reinsurer hereunder, Cedent hereby agrees to transfer to Reinsurer in accordance with the terms of the Acquisition Agreement (i) investment assets having a statutory statement carrying value on the books of Cedent equal to (a) the General Account Liabilities as of the close of business on the last day of the month preceding the month in which the Effective Date falls plus (b) the amount of the participating surplus with respect to the Coinsured Contracts as of such date less (c) the amount of any contract loans under the Coinsured Contracts as of such date and less (d) the amount of the General Account Other Insurance Assets as of such date and (ii) the General Account Other Insurance Assets as of the close of business on the last day of the month preceding the month in which the Effective Date falls. As additional consideration for the assumption of the General Account Liabilities by Reinsurer, Reinsurer shall be entitled to 100% of all premiums, deposits and other considerations to the extent received on or after the Effective Date by Cedent or Reinsurer with respect to the general account portion of the Coinsured Contracts net of reinsurance premiums and all other amounts payable on or after the Effective Date with respect to the Outward Reinsurance. Cedent shall promptly remit to Reinsurer (but in no event later than 72 hours following the receipt of any such premiums, deposits and other considerations) any such amounts received by it in respect of any of the Coinsured Contracts and hereby assigns to Reinsurer all of its rights to such premiums, deposits and other considerations payable to Cedent.