Transfer in bulk definition

Transfer in bulk means a transfer, other than in the ordinary course of the transferor's trade or business, of more than one-half of all the property of a business at all locations combined, as measured by the value of the property at the time of the transfer.
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Transfer in bulk means selling, transferring or otherwise making available more than 5% of the individual records contained in the Database to a third party or any related group of third parties in any 12-month period, whether in a single transaction or a series of related transactions; provided that in calculating such 5%, the total number of records in the Database shall equal the daily average of the total number of records contained in the Database over such 12-month period; and
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Related to Transfer in bulk

  • successor in business means (a) an entity which acquires all or substantially all of the undertaking and/or assets of either Issuer or of a successor in business of either Issuer; or (b) any entity into which any of the previously referred to entity is amalgamated, merged or reconstructed and is itself not the continuing company;

  • Transfer Instruction is a specific information provided for a transfer to be made that you provide to the Account to Account Transfer Service for a transfer of funds.

  • Asset Transfer means a sale, lease or other disposition of all or substantially all of the assets of the Company.

  • Member in Good Standing means a member in service who is not subject to removal by the employing city of the member pursuant to section 400.18 or 400.19, or other comparable process, and who is not the subject of an investigation that could lead to such removal. Except as specifically provided pursuant to section 411.9, a person who is restored to active service for purposes of applying for a pension under this chapter is not a member in good standing.

  • Transfer Instructions are the information that you provide when using the Service. “Us,” “We,” and “Our” means Credit Union.