Verifications Prior to Transfers Sample Clauses

Verifications Prior to Transfers. In the event of a transfer of monies held in the SSQ LIF, SSQ will ensure that the transfer is permitted under the applicable pension legislation. Before proceeding to transfer contributions from an SSQ LIF to another financial institution, SSQ must first ensure, if stipulated under applicable pension legislation, that the name and specimen number of the destination plan of the other institution is included on the list of the regulatory body monitoring your plan. Before proceeding to transfer contributions from an SSQ LIF to a transferee pension plan, SSQ must first ensure, if stipulated under applicable pension legislation, that the pension plan is registered under the applicable pension legislation. If it has been provided for, SSQ must also notify in writing said other financial institution or pension plan administrator that the assets were held in an LIF in the current year and that the contributions must remain locked in and ensure that the other financial institution accepting the transfer is subject to the legal conditions set out in applicable pension legislation. If SSQ fails to fulfil these obligations with respect to the transfer, SSQ may have to fund the recipient vehicle (again if need be) to ensure that those entitled to the benefits of the recipient vehicle receive them in the form and manner required under applicable pension legislation. If SSQ fails to fulfil these obligations with respect to the transfer, and if the other financial institution does not pay the income or the annuity in the manner and according to the terms prescribed under this legislation, SSQ must pay, or guarantee payment of, an income or an annuity of a value equal to that which would have been provided, were it not for the benefits paid in contravention of applicable pension legislation.
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Verifications Prior to Transfers. In the event of a transfer of monies held in the SSQ PRRIF, SSQ will ensure that the transfer is permitted under the applicable pension legislation. Before proceeding to transfer contributions from an SSQ PRRIF to another financial institution, SSQ must first ensure, if stipulated under applicable pension legislation, that the name and specimen number of the destination plan of the other institution is included on the list of the regulatory body monitoring your plan. Before proceeding to transfer contributions from an SSQ PRRIF to a transferee pension plan, SSQ must first ensure, if stipulated under applicable pension legislation, that the pension plan is registered under the applicable pension legislation. If it has been provided for, SSQ must also notify in writing said other financial institution or pension plan administrator that the assets were held in an PRRIF in the current year and that the contributions must remain locked in and ensure that the other financial institution accepting the transfer is subject to the legal conditions set out in applicable pension legislation. If SSQ fails to fulfil these obligations with respect to the transfer, and if the other financial institution does not pay the income or the annuity in the manner and according to the terms prescribed under this legislation, SSQ must pay, or guarantee payment of, an income or an annuity of a value equal to that which would have been provided, were it not for the benefits paid in contravention of applicable pension legislation.
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Related to Verifications Prior to Transfers

  • Assignments and Transfers 18.1 Any assignment by either Party to any entity of any right, obligation or duty, or of any other interest hereunder, in whole or in part, without the prior written consent of the other Party shall be void. The assignee must provide evidence of a Commission approved certification to provide Telecommunications Service in each state that Freedom is entitled to provide Telecommunications Service. After BellSouth’s consent, the Parties shall amend this Agreement to reflect such assignments and shall work cooperatively to implement any changes required due to such assignment. All obligations and duties of any Party under this Agreement shall be binding on all successors in interest and assigns of such Party. No assignment or delegation hereof shall relieve the assignor of its obligations under this Agreement in the event that the assignee fails to perform such obligations. Notwithstanding anything to the contrary in this Section, Freedom shall not be permitted to assign this Agreement in whole or in part to any entity unless either (1) Freedom pays all bills, past due and current, under this Agreement, or (2) Freedom’s assignee expressly assumes liability for payment of such bills. 18.2 In the event that Freedom desires to transfer any services hereunder to another provider of Telecommunications Service, or Freedom desires to assume hereunder any services provisioned by BellSouth to another provider of Telecommunications Service, such transfer of services shall be subject to separately negotiated rates, terms and conditions.

  • Assignments and Transfers by the Company This Agreement may not be assigned by the Company (whether by operation of law or otherwise) without the prior written consent of the Required Investors, provided, however, that in the event that the Company is a party to a merger, consolidation, share exchange or similar business combination transaction in which the Common Stock is converted into the equity securities of another Person, from and after the effective time of such transaction, such Person shall, by virtue of such transaction, be deemed to have assumed the obligations of the Company hereunder, the term “Company” shall be deemed to refer to such Person and the term “Registrable Securities” shall be deemed to include the securities received by the Investors in connection with such transaction unless such securities are otherwise freely tradable by the Investors after giving effect to such transaction.

  • ASSIGNMENTS AND SUBCONTRACTING Motorola may assign its rights or subcontract its obligations under this Agreement, or encumber or sell its rights in any Software, without prior notice to or consent of Licensee.

  • Compliance with Material Contracts Each Credit Party shall, and shall cause each of its Subsidiaries to, perform and observe all the material terms and provisions of each Material Contract to be performed or observed by it, maintain each such Material Contract in full force and effect, enforce each such Material Contract in accordance with its terms, take all such action to such end as may be from time to time reasonably requested by the Administrative Agent and, upon the reasonable request of the Administrative Agent, make to each other party to each such Material Contract such demands and requests for information and reports or for action as any Credit Party is entitled to make under such Material Contract.

  • Assignments and Subcontracts The Grantee shall not subcontract any of the work or services covered by this agreement nor shall any interest be assigned or transferred, in whole or in part, except as may be provided for in this agreement or with the express written approval of the Department. Such approval, if granted, shall not relieve the Grantee of any of its responsibilities under this agreement. If the Grantee utilizes a subcontractor, the following shall apply: A. The Grantee shall submit to the Department a completed copy of Attachment F - Subcontractor List. The Grantee shall have a continuing obligation to update Attachment F - Subcontractor List during the course of this agreement. A complete and accurate list shall be submitted to the Department before final payment is made. B. The Grantee shall secure from the subcontractor and shall submit to the Department a copy of the subcontractor’s New Jersey Business Registration Certificate as designated in Section IX of Attachment A - Authorizations and Disclosures. C. The Grantee shall be responsible for the subcontractor’s performance, compliance with all applicable terms, conditions and requirements of this agreement, and compliance with all applicable laws. D. The Grantee shall ensure that any subcontract(s) entered into under this agreement meet(s) all applicable Federal requirements including, but not limited to, those delineated in 2 CFR Parts 25, 170, 175, 176, 180, 182, 200 and Appendix II to Part 200. E. The Grantee shall be responsible for any claims arising out of any subcontract hereunder, and, as a condition of any subcontract hereunder, the subcontractor shall hold the State harmless from any claims by the subcontractor or third- parties, which may arise under or as a result of the subcontract. F. If applicable, the Grantee shall provide, on a monthly and cumulative basis, a breakdown in accordance with the Approved Project Budget, of all monies paid to any small business, minority or woman-owned subcontractor(s). This breakdown shall be sent to the Chief of Operations, Division of Revenue, ▇▇ ▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇. G. Nothing contained in the Grantee’s application or this agreement shall be construed to create a contract or privity of contract between the Department and any of the Grantee’s contractors or subcontractors.