Common use of Transfer, etc Clause in Contracts

Transfer, etc. A fund agreement cannot be transferred from one fund manager to another fund manager. A Fund Manager who, through agreement, merger, or otherwise take over the administration of a fund covered by, and which shall continue to be covered by, a fund agreement must therefore in due time prior to the transfer apply to enter into a fund agreement with respect to the fund so the agency will have time to evaluate the application before the transfer is completed. The transferee fund manager undertakes to, jointly and severally with previous fund managers of the fund, be liable for all liabilities pertaining to the fund and its management under previous fund agreement. The Swedish Pensions Agency may transfer all or parts of their rights and obligations under this fund agreement to another organisational unit within the government. Prior to such transfer, the Fund Manager shall be notified of the transfer and to which organisational unit or units the transfer is made.