Inter-branch Transfer Sample Clauses
The Inter-branch Transfer clause governs the movement of assets, funds, or personnel between different branches or divisions within the same organization. It typically outlines the procedures, approvals, and documentation required for such transfers, ensuring that both the sending and receiving branches are properly informed and that records are updated accordingly. This clause helps maintain organizational control and accountability, preventing confusion or disputes over resources and responsibilities during internal transfers.
Inter-branch Transfer. The Borrower hereby agrees that the Bank shall be at liberty to transfer the account of the Borrower from one branch to another branch of the Bank as per the administrative convenience of the Bank with notice to the Borrower about the intended transfer of the said account. The Borrower shall continue to enjoy the credit facility on the same terms and conditions at the transferee branch on the same terms and conditions contained in the Loan Document.
Inter-branch Transfer. Schedule 3.24 is a true and accurate list of each of the Transferred Assets, Deposit Liabilities, and Safe Deposit Box Business subject to the Inter-Branch Transfer, which schedule shall be updated no later than the third business day prior to the anticipated Closing Date and which schedule shall be further updated on the Adjustment Payment Date as of the Effective Time, and, in each case as updated, shall be true and accurate as of such date.
Inter-branch Transfer. Seller shall take all actions necessary to consummate the Inter-Branch Transfer prior to the Closing Date.
Inter-branch Transfer. The Borrower hereby agrees that the Bank shall be at liberty to transfer the account of the Borrower from one branch to another branch of the Bank as per the administrative convenience of the Bank, with notice to the Borrower about the intended transfer of the said account. The Borrower hereby agrees and confirms that such transfer of the aforesaid account shall not be considered as closed and all the documents, guarantee(s), mortgages, securities and the charge of the Bank on the properties and assets created for the benefit of the Bank will continue unaffected until all the amounts remaining unpaid under the Facility/ies under the Borrower’s account so transferred to the other branch are repaid in full. The Borrower shall continue to enjoy the credit facility on the same terms and conditions at the transferee branch.