Common use of Post Certification Transfers Clause in Contracts

Post Certification Transfers. In the event the GBCA has awarded a Certified Rating and the Applicant has sold, transferred or otherwise disposed of its Rights, the Applicant must notify the GBCA of such disposition including providing the GBCA with a consent from the Purchaser to be bound by this Agreement. Provided the GBCA is satisfied in its reasonable discretion, that the consent supplied by the Applicant is legally effective to bind the Purchaser to comply with the Applicant’s obligations under this Agreement, the Purchaser will be taken to be the Applicant under this Agreement from the date of such consent.

Appears in 4 contracts

Samples: Certification Agreement, Certification Agreement, Certification Agreement

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