Transfer Guarantee Clause Samples

Transfer Guarantee. (1) Transfers pursuant to Article 4 (2) or (3), Article 5 or Article 6 shall be effected without delay at the market rate applicable on the date of the transfer. (2) If there is no foreign exchange market, the cross rate is the rate of exchange resulting from the conversion rates that the International Monetary Fund would use as the basis for the conversion of the currencies into special drawing rights.

Transfer Guarantee. You may transfer the remaining coverage under this Contract when You sell Your Vehicle to another individual prior to the expiration of this Contract, and You provide Our Administrator with the following information: 1. A letter from You within fifteen (15) days of the date of sale of Your Vehicle. State Your intention to transfer this Contract and the name and the address of the purchaser. 2. A copy of the bill of sale or sale agreement showing the date and mileage on Your Vehicle at the time of sale. 3. Verifiable service records as evidence that You have complied with Section 11, “Your Responsibilities for Service and Maintenance.” 4. Proof that any remaining manufacturer’s warranty or extended warranty coverage was transferred to the purchaser of Your Vehicle. 5. A transfer fee of fifty dollars ($50). You must comply with all of the above requirements within fifteen (15) days of the date of sale of Your Vehicle or Your transfer request will be denied and this Contract will no longer be in force. The remaining coverage under the Contract may not be transferred to vehicle dealers, vehicle brokers, or other similar vehicle resellers. Call Our Administrator at 800-345-0191, extension 412, to obtain a transfer request form.

Transfer Guarantee. (a) No later than [24] months prior to the Expiry Date, the Contractor must provide a Bank Guarantee as security for the fulfilment of its obligations pursuant to WKLV $JUHHPHQW LQ [Wz]KiHn DPRXQW accordance with the model supplied in Schedule 7 (Models), Part 2 (Transfer Bank Guarantee). (b) The term of validity of the Transfer Bank Guarantee must extend until [12] months after the Expiry Date. (c) Should inspections reveal that the Contractor must take further measures for the RWS Infrastructure to fulfil the conditions specified in the Certificate Plan for the issue of the Transfer Certificate on the Expiry Date, of which the costs are higher than the maximum amount stated in paragraph (a) of the Transfer Guarantee, then the Contractor must, within [45] Working Days after sending the summary referred to in Article 7.2 paragraph (e), provide an additional Bank Guarantee for an amount equal to the deficit to a PD[LPXP LQFOXGLQJ WKH DPRXQW UHIHUUHG W [z]. The preceding does not apply prior to the date on which the Bank Guarantee mentioned in Article7.3 paragraph (a) is provided.