Transfer Standards Clause Samples
The Transfer Standards clause sets out the specific requirements and procedures that must be followed when transferring rights, obligations, or assets under an agreement. Typically, it details the conditions under which a transfer is permitted, such as obtaining prior written consent, meeting certain qualifications, or adhering to regulatory requirements. By establishing clear rules for how and when transfers can occur, this clause helps prevent unauthorized or problematic transfers and ensures all parties are aware of the standards that must be met, thereby reducing disputes and maintaining contractual integrity.
Transfer Standards. In making any transfer, in either a District-initiated (except as indicated in B.1. above) or unit member- initiated situation, the District shall objectively base its decision upon reasonable job-related factors listed below, both when determining whether a particular unit member should be transferred, and when determining the destination of transferred unit members. No transfer decision shall be based upon arbitrary or capricious grounds, or based solely upon disciplinary or punitive considerations. The following factors are not listed in order of priority, and the applicability and weight to be given to any factor will vary according to the circumstances of the particular case: District seniority; Academic training, major and minor fields of study, experience, credential authorization and legal limitations. Stated preferences and particular needs of the affected unit member, including matters of health, child care and transportation; Enrollment patterns, curriculum demands, demonstrated instructional strengths, program continuity factors, and contract waivers; and Balancing of staff with respect to experience, special skills and talents. Unit members requesting a transfer who do not receive an available position will be advised (by the site administrator and/or Director of Human Resources), at the unit member’s request, as to why the transfer request was not granted.
Transfer Standards. All of the following requirements must be met before Landlord will be required to not unreasonably withhold its consent to a Transfer:
14.7.1. Transferee's uses (i) are consistent with the permitted uses in Section 1.6 and compatible with the other uses in the Building and with operation of a first class office building and do not create any increased risk of Hazardous Material contamination or increased cost to Landlord of monitoring or handling same; (ii) do not increase the risk of damage or wear and tear on the Building; (iii) do not require increased utility service or increased services from Landlord or changes in the Premises (iv) do not increase the insurance costs of the Landlord.
14.7.2. Either (i) the financial resources of Tenant have not significantly declined since the date of this Lease, or (ii) Transferee's financial status and creditworthiness is comparable to other tenants of similar amounts of space in the Building.
Transfer Standards. Subject to Section 4.3, you will not change or allow a change in five percent (5%) or more of the ownership or control of (i) this Agreement, (ii) the Dealership, (iii) the assets of the Dealership or, (iv) the business entity that owns or controls the Dealership (a “transfer”), without our consent.
Transfer Standards. The proposed transferee has demonstrated to BRAII's satisfaction that the proposed transferee is, in all respects, acceptable to BRAII (including, if the proposed transferee is already a franchisee of BRAII, that it is in Good Standing under its franchise agreements with BRAII), and that the proposed transferee meets all of BRAII's then current requirements for new franchisees (or for holders of an interest in a franchisee, as the case may be) including possession of good moral character and reputation, work experience, aptitude, financial background and condition, credit rating, absence of conflicting interests, and ability to comply fully with the terms of this Agreement.
Transfer Standards. All instruments or devices used to transfer measurements from reference standards to working 28 standards, or which are used in lieu of reference standards to avoid wear or deterioration.
Transfer Standards. The proposed transferee has demonstrated to PHI's satisfaction that the proposed transferee is, in all respects, acceptable to PHI (including, if the proposed transferee is already a franchisee of PHI, that it is in Good Standing under its franchise agreements with PHI), and that the proposed transferee meets all of PHI's then current requirements for new franchisees (or for holders of an interest in a franchisee, as the case may be) including possession of good moral character and reputation, work experience, aptitude, financial background and condition, credit rating, absence of conflicting interests, and ability to comply fully with the terms of this Agreement.
Transfer Standards. The following requirements must be met before Landlord will be required to not unreasonably withhold its consent to a Transfer:
(a) Transferee’s uses (i) are consistent and compatible with the other uses in the Building and with operation of a first class office building; (ii) do not increase the risk of damage or wear and tear on the Building; (iii) do not require increased utility service or increased services from Landlord or changes in the Premises which are not consistent with general office uses;
(b) Either (i) the financial resources of Portalplayer, Inc. has not significantly declined since the date of this Lease, or (ii) Transferee’s financial status and creditworthiness is comparable to other tenants of similar amounts of space in the Building.