Time of Transfer. Any transfer of an Interest to a third party or to a Member permitted under this Section 10 shall be effective as of midnight of the last day of the calendar month in which it is made, or, at the election of a Majority-in-Interest of the remaining Members, as of 7:00 A.M. the day following the date of the transfer (the "Effective Transfer Date").
Time of Transfer. 12 10.5 DISTRIBUTIONS AND ALLOCATIONS IN RESPECT OF TRANSFERRED INTEREST.........12 10.6
Time of Transfer. The time for the transfer of the Subject Interest under this Agreement shall be determined at the sole discretion of Party B. Without violating the applicable PRC laws and regulations, Party B shall have the right to require Party A to transfer to Party B or any person designated by Party B all or portion of the Subject Interest at any time. Party A must execute any document required for the transfer of the Subject Interest within three work days from the date on which Party B makes the request for the transfer, and cooperate with the assigns of the Subject Interest in any other legal formalities related to the transfer of the Subject Interest.
Time of Transfer. 3.1 The transfer of any part or all of the Equity Interest hereunder shall be effected at a time determined by Newegg at its sole discretion by delivering to the Shareholder(s) a written notice, substantially in the form as set forth on Exhibit B attached hereto (the “Exercise Notice”). To the extent permitted under PRC law, Newegg may request at any time that the Shareholder(s) transfer any part or all of the Equity Interest to Newegg and/or its designee(s).
3.2 Upon the Shareholders’ receipt of such Exercise Notice, the Equity Interest shall be transferred pursuant to the terms thereof, and the proposed equity transfer agreement and power of attorney (substantially in the form as set forth in Exhibit C and Exhibit D attached hereto respectively) to be entered into separately between the Parties. In addition, at the direction of Newegg, the Shareholder(s) shall also (and hereby agree to) promptly execute all relevant documents necessary to effect such transfer and cooperate with the transferee(s) of any part or all of the Equity Interest to handle all other statutory formalities for and in connection with such transfer.
Time of Transfer. Any transfer of a Membership Interest to a third party or to a Member permitted under this Article VIII shall be effective as of midnight of the last day of the calendar month in which it is made, or, at the election of the Manager, as of opening of business the day following the date of the transfer (the “Effective Transfer Date”).
Time of Transfer. Any transfer of a Unit to a third party under this Article 9 shall be effective as of midnight of the last day of the calendar month in which it is made, or, at the election of the Managers, as of opening of business the day following the date of the transfer (the "Effective Transfer Date").
Time of Transfer. The ownership of the Equipment shall remain with the Seller for all purposes until the purchase price is received in full by the Seller. For purposes of this provision, receipt in full means: (a) with respect to payments made by the Buyer with a check, money order or other financial draft, receipt shall occur when the funds clear and are fully available to the Seller in the Seller's bank account; (b) with respect to payments made by the Buyer through a credit card, receipt shall occur when are placed in the Seller's bank account without restriction; (c) with respect to wire transfer, receipt shall occur when funds are placed in the Seller's bank account without restriction.
Time of Transfer. Upon execution of a Novation Certificate by the New Bank, the Existing Bank and the Facility Agent (or if later, the date specified for this purpose in the Novation Certificate) and to the extent that they are expressed to be subject to the transfer stated therein:
31.3.1 the Existing Bank shall be released from its obligations to each other Party (the "released obligations") and each other Party shall be released from its obligations to the Existing Bank;
31.3.2 the New Bank will assume obligations towards each other Party which differ from the released obligations only in so far as they are owed to or assumed by the New Bank and not the Existing Bank;
31.3.3 the rights of the Existing Bank against the other Parties and vice versa (the "cancelled rights") will be cancelled; and
31.3.4 the New Bank and the other Parties will acquire rights against each other which differ from the cancelled rights only insofar as they are exercisable by or against the New Bank and not the Existing Bank. Each Party (other than the Existing Bank and the New Bank) irrevocably authorises the Facility Agent to execute each Novation Certificate on its behalf.
Time of Transfer. When employees are transferring from one system of work to another (including a transfer from one system of shift work to another system of shift work), they are:
a) entitled to all the conditions of the current system of working until they actually begin working in the new system; and
b) considered to have been transferred only from the time they begin to work in the new system.
Time of Transfer. The parties agree that the Closing shall occur and the effective time of the transfer of the Assets to Buyer shall be the effective date of this Agreement.
