Purpose of the transfer Clause Samples

The 'Purpose of the transfer' clause defines the specific reason or objective for which a transfer—such as of data, assets, or rights—is being made between parties. This clause typically outlines the intended use or scope of the transferred item, ensuring that both parties are clear on why the transfer is occurring and what it is meant to achieve. By explicitly stating the purpose, the clause helps prevent misuse or misunderstanding regarding the transfer, thereby ensuring that the transaction aligns with the agreed intentions and reducing the risk of disputes.
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Purpose of the transfer. 1. BBM shall transfer to the Recipient the Biological resource indicated in the Application Form. The Biological resource may only be used by the Recipient for performing scientific research activity.
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Purpose of the transfer. 1. IZSLER-BVR shall transfer to the Recipient the Material indicated in the Application Form. Unless otherwise agreed, the Material and the Progeny may only be used by the Recipient Scientist for scientific research purposes. Such activity shall be performed by the internal personnel of the Recipient, i.e. by the Recipient Scientist and his/her collaborators.
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Purpose of the transfer. The Transferred Assets shall serve as security for the prompt and complete satisfaction of any and all Secured Obligations (the “Security Interest”).
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Purpose of the transfer. Mr / Mrs is the author of the photographs which are described and reproduced on the technical support transmitted at the signing of this contract (paper, digital, electronic ). The purpose of this contract is to lay down the terms and conditions for the non-exclusive copyright transfer of the photographs taken by the photographer for use during the Festival "Off de Perpignan".
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Purpose of the transfer. “Material” shall mean a physical sample of a Compound. To the extent Material has not already been provided at the time of execution of this Agreement, such Material shall be promptly provided by Lilly to Magen upon Magen’s request. Magen shall use the Confidential Information and Material solely for the Research and to determine if it desires to enter into further discussions with Lilly regarding the applicable Compound(s) or to otherwise exercise the License Option as contemplated in Section 7 of this Agreement. The Research shall be conducted solely by Magen employees or consultants or collaborators under the supervision of a Magen employee; provided that non-employees shall be bound by the terms of this agreement as if they were an employee of Magen. Magen shall not, without Lilly’s prior approval, modify, analyze, derivatize, nor attempt to determine the structure of the Material. Lilly shall retain ownership of the Material at all times prior to execution of a definitive license agreement between the Parties.
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Related to Purpose of the transfer

  • PURPOSE OF THE TRUST The purpose of the Trust shall be to (a) manage, conduct, operate and carry on the business of an investment company; (b) subscribe for, invest in, reinvest in, purchase or otherwise acquire, hold, pledge, sell, assign, transfer, exchange, distribute or otherwise deal in or dispose of any and all sorts of property, tangible or intangible, including but not limited to Securities of any type whatsoever, whether equity or nonequity, of any issuer, evidences of indebtedness of any person and any other rights, interest, instruments or property of any sort to exercise any and all rights, powers and privileges of ownership or interest in respect of any and all such investment of every kind and description, including without limitation, the right to consent and otherwise act with respect thereto, with power to designate one or more Persons to exercise any of said rights, powers and privileges in respect of any of said investments. The Trustees shall not be limited by any law limiting the investments which may be made by fiduciaries.

  • PURPOSE OF THE AGREEMENT ‌ The purpose of this Agreement is to authorize PDL NPDL to charter space to PFLG in the Trade (as hereinafter defined).

  • Purpose of DPA The purpose of this DPA is to describe the duties and responsibilities to protect Student Data including compliance with all applicable federal, state, and local privacy laws, rules, and regulations, all as may be amended from time to time. In performing these services, the Provider shall be considered a School Official with a legitimate educational interest, and performing services otherwise provided by the LEA. Provider shall be under the direct control and supervision of the LEA, with respect to its use of Student Data

  • Purpose of the Loan The purpose of the Loan is to provide financing for the Borrower’s activities and investments.

  • Purpose of Trust The purpose of the Trust is to conduct, operate and carry on the business of a management investment company registered under the 1940 Act through one or more Series investing primarily in securities.