Rejection of Transfers Clause Samples
The Rejection of Transfers clause gives a party the right to refuse or disallow the transfer of rights, obligations, or interests under an agreement to another party. In practice, this means that if one party wishes to assign or transfer their contractual position to a third party, the other party can reject such a transfer, often requiring prior written consent or meeting specific conditions. This clause serves to protect parties from being forced into contractual relationships with unknown or undesirable third parties, thereby maintaining control over who they are obligated to deal with and reducing the risk of unforeseen liabilities or complications.
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Rejection of Transfers. The Bank reserve the rights to decline any funds transfer requests, to submit funds transfer instructions or orders, to cancel funds transfer requests, or to carry out change or cancellation requests initiated by you.
Rejection of Transfers. We reserve the right to decline to affect any funds transfers, to submit funds transfer instructions or orders or to carry out change or cancellation requests. You authorize us to select any means to execute your funds transfer instructions. You understand that to affect your funds transfer instruction we utilize the Automated Clearing House (ACH), using applicable ACH Rules; we debit one of your Accounts and credit another one of your Accounts. If the debit side fails or is returned for any reason and the credit side has been released and cannot be collected, you authorize our service provider to collect from the Account to which the credit side of the funds transfer was sent. We reserve the right to resubmit a debit, or a portion of the debit, in the event of an insufficient or uncollected funds return and if we cannot collect the amount credited. To effect this collection, you understand and authorize us to debit the credited Account or the debited Account in either the same dollar amount as the original funds transfer or a portion of the debit. There may be a fee associated with such collection imposed by the financial institution holding the Account. You understand and agree that we may from time to time impose additional charges in connection with your funds transfer transactions. Altra will notify you of such fee in advance of the transaction. If you choose to proceed with the transaction, you authorize Altra to debit your account in the amount indicated. In the event that a debit to any of your Accounts, or any portion of any such debit, has failed and the credit side of such transaction has been released and cannot be collected, and we are unable to debit either the debited or the credited Account as set forth above, we reserve the right, and you hereby authorize us, to debit any of your other Accounts to the extent necessary to offset any resulting deficiency. We do not undertake to notify you in such event, other than by posting any such transfer or transfers to the applicable Account in accordance with this Agreement (see “Documentation,” below).
Rejection of Transfers. We reserve the right, in our sole discretion to decline to effect any funds transfer, to submit funds transfer instructions or orders or to carry out change or cancellation requests. Authorization You authorize us to select any means to execute your external transfer instructions. You understand that to execute your funds transfer instruction we utilize the Automated Clearing House (ACH), using applicable ACH Rules, we debit one of your Accounts and credit another of your Accounts or an account of a Recipient. You understand and agree that we may from time to time impose additional charges in connection with your funds transfer transactions. Affinity Federal Credit Union will notify you of such fee in advance of the transaction. If you choose to proceed with the transaction, you authorize Affinity Federal Credit Union to debit your account in the amount indicated. In the event that a debit to any of your Accounts, or any portion of any such debit, has failed and the credit side of such transaction has been released and cannot be collected, and we are unable to debit either the debited or the credited Account as set forth above, we reserve the right, and you hereby authorize us, to debit any of your other Accounts to the extent necessary to offset any resulting deficiency. We do not undertake to notify you in such event, other than by posting any such transfer or transfers to the applicable Account in accordance with this Agreement.
Rejection of Transfers. The Credit Union reserves the right to decline to affect any External Loan Payment, or to carry out change or cancellation requests.
Rejection of Transfers. The General Partner will have the right to reject any transfer, in whole or in part, for the following reasons:
(a) the opinion of counsel to the Partnership that such transfer would result in the violation of any applicable securities laws or other laws or have a material adverse effect on the legal status of the Partnership; or
(b) the General Partner’s belief that the representations and warranties provided by the transferee in the Transfer Form and Power of Attorney are untrue.
Rejection of Transfers. We reserve the right to decline to effect any funds transfer, to submit funds transfer instructions or orders or to carry out change or cancellation requests.
Rejection of Transfers. We reserve the right to reject any electronic fund transfer that we reasonably believe is made in connection with an unlawful transaction or activity, including gaming, gambling or lottery, or that is not for a Qualified Medical Expense.
Rejection of Transfers. We reserve the right to decline any funds transfer in our sole discretion. A transfer between any of your accounts initiated through BayFedOnline Banking before 6:00
Rejection of Transfers. The General Partner will have the right to accept or reject any transfer, in whole or in part. Without limiting the generality of the foregoing, the General Partner will reject transfers for the following reasons:
(a) if the General Partner reasonably believes the transferee has financed the acquisition of Units with indebtedness that is a limited-recourse amount as described in Section 7.2(1)(c);
(b) if the General Partner reasonably believes the transferee to be:
(i) a “non-resident” or a partnership other than a “Canadian partnership” for the purposes of the Tax Act,
(ii) a “non-Canadian” for the purposes of the Investment Canada Act,
(iii) a person an interest in which is a “tax shelter investment” for purposes of the Tax Act, or
(iv) a “financial institution” for purposes of the Tax Act if such purchase would result in “financial institutions” for the purposes of the Tax Act being the beneficial owners of more than 45% of the Units;
(c) if, in the opinion of counsel to the Limited Partnership, such transfer would result in the violation of any applicable securities laws or other laws or have a material adverse effect on the legal or tax status of the Limited Partnership; or
(d) if the General Partner believes that the representations and warranties provided by the transferee in the Transfer Form or otherwise deemed to be provided hereunder are untrue.
Rejection of Transfers. We reserve the right to reject any transfer request that has been scheduled, and we will apply reasonable efforts to notify you of any rejected transfer. However, we are not liable to you for any loss or damage, including interest, in the event of our rejection of the transfer and/or the failure to provide such notice.