Authorized Transfer Sample Clauses
The Authorized Transfer clause defines the conditions under which a party may transfer its rights or obligations under the agreement to another entity. Typically, this clause specifies whether prior written consent is required for such a transfer, outlines any exceptions (such as transfers to affiliates or in connection with a merger), and may set forth procedures for notifying the other party. Its core practical function is to control and clarify the circumstances in which contractual interests can be assigned, thereby protecting both parties from unwanted or unauthorized changes in the agreement’s participants.
Authorized Transfer. The Registrable Securities may be transferred by will, the laws of descent and distribution, the operation of law, or by order of any court of competent jurisdiction and proper venue.
Authorized Transfer. Withholding Agreement [▇▇▇▇ ▇ in the □ for the applicable item and X in the □ for the inapplicable item]: □The loanee should pay the derived interest, penalty, expense, principal payable, insurance premium of guaranty, the inquiry expense of Clearing House and Joint Credit Information Center, and authorize your bank to transfer and withhold from the deposit account number issued in ______ branch of your bank; this agreement is the certificate of authorization.
Authorized Transfer. Any Party may, upon thirty (30) days’ advance notice to the other Party, transfer its entire legal and beneficial interest in all or part of its Shares, a directly or indirectly, to any other Affiliate of Nikola or Iveco, respectively, subject to applicable Laws; provided that the transferee shall, in writing and prior to such transfer, agree to and assume all the rights and obligations of the transferring Party under this Agreement. If a Party transfers its Shares or rights to acquire Shares in accordance with the provisions of this Section 7.1(b), such Party shall remain jointly responsible with its transferee for the full compliance with and the performance of all obligations set forth herein. Each of Nikola or Iveco (as the case may be) shall cause any Affiliate of Nikola or Iveco respectively, to transfer all of the Shares which it then holds to another wholly owned subsidiary of Nikola or Iveco, as applicable, before it ceases to be a wholly owned subsidiary of Nikola or Iveco.
Authorized Transfer. Any Transfer allowed under this Section 9.1, including any Transfer occurring after the twelve month anniversary of the Effective Date, is referred to herein as an “Authorized Transfer.”
Authorized Transfer. The Borrower hereby irrevocably authorizes the Administrative Agent to effect the making of all payments whether of principal, interest, fees or any other charges whatsoever hereunder which the Borrower is required to pay the Lenders, the Administrative Agent or any other Person by charging any designated bank account maintained by the Borrower with the Administrative Agent. Nothing herein limits or restricts the right of the Lenders and/or the Administrative Agent under Section 4 of the Provisions. Payment by the Borrower to the Administrative Agent of any amount owed by the Borrower to the Lenders hereunder shall discharge the Borrower’s obligation to pay such amount to the Lenders.
Authorized Transfer. Any Transfer allowed under this Section 8.1, including any Transfer occurring in connection with, on, or after the consummation of a Qualified IPO, is referred to herein as an “Authorized Transfer”.
Authorized Transfer. If you order us to stop one of these payments three business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages caused by our failure.