Interest Transfer Sample Clauses
The Interest Transfer clause defines the conditions under which a party may assign or transfer its rights, obligations, or interests under the agreement to another party. Typically, this clause outlines whether such transfers require prior written consent from the other party, or if they are permitted freely, and may specify exceptions for certain types of transfers, such as those related to corporate restructuring. Its core practical function is to control and clarify the process of transferring contractual interests, thereby preventing unwanted or unauthorized changes in the parties involved and ensuring stability in the contractual relationship.
Interest Transfer. 6.2.1 Immediately upon receipt of a Conversion Notice (“Conversion Date”), Wanquin and Min shall effect or cause Weilian to effect the transfer of the portion of the Interest designated in the Conversion Notice, either to INTAC directly or to the designee specified by INTAC in the Conversion Notice (each an “Interest Transfer”).
6.2.2 For the avoidance of doubt, upon the completion of the conversion of the Loan and the transfer of all of the Interest of Wanquin, Min and/or Weilian, as applicable, (whether pursuant to this Article 6 or an Event of Default), INTAC shall hold as much of the Interest as is permissible under any published and available laws and regulations of the People’s Republic of China (“PRC”), and the remainder of the Interest (if applicable) shall be held by the designees of INTAC, with Wanquin, Min and/or Weilian no longer holding any part of the Interest. At such time, this Agreement shall be deemed to have terminated, and the obligations of Wanquin and Min hereunder to have been fulfilled (with the exception of those under 2.1.10 and 2.1.11).
Interest Transfer. At closing, the Offering Partner shall deliver to the Class A Limited Partner, the Partnership, or the Buying Partners, as the case may be, the Interests purchased, a properly 28 executed and notarized assignment of the Interest to be assigned and transferred with general warranties of full, good and indefeasible title, free and clear of any and all liens, security interests and claims and with all other customary terms, representations, warranties and indemnities as requested by and in form and content reasonably acceptable to the Partnership or the Buying Partners, as applicable.
Interest Transfer. To the extent that the amount in the Trust Fund exceeds the amount of the Severance Payment, the excess amount will be forfeited and returned to the Employer as soon as administratively feasible after the determination has been made and to the extent allowable by the terms of the underlying investments in the Trust Fund. This determination shall be made by the Employer as soon as possible after the end of each calendar quarter by determining the amount in the Trust Fund on the last day of each calendar year quarter and subtracting from that amount the Severance Payment set forth in Exhibit B. ARTICLE III ----------- INVESTMENT OF THE FUND ----------------------
Interest Transfer. On or before the Closing Date, Legacy Health shall have transferred its interest in PacificSource to Legacy Health Foundation in accordance with the provisions of the Transaction Documents.
Interest Transfer. Effective upon the delivery of Transaction Data to Bank and payment to Retailer by Bank pursuant to Section 6.6.1, Retailer and Retailer Channels shall be deemed to have transferred, conveyed, assigned and surrendered to Bank all right, title or interest in payments reflected in such Transaction Data and in all other rights and writings evidencing such Purchases, if any.