Transfer of MSP Operating Agree- ments Sample Clauses

Transfer of MSP Operating Agree- ments. A contractor under an MSP Op- erating Agreement may transfer the agreement (including all rights and ob- ligations under the MSP Operating Agreement) to any person that is xxxxx- ble to enter into the MSP Operating Agreement under this chapter if the Secretary and the Secretary of Defense determine that the transfer is in the best interests of the United States. A transaction shall not be considered a transfer of an MSP Operating Agree- ment if the same legal entity with the same vessels remains the contracting 46 CFR Ch. II (10–1–18 Edition) party under the MSP Operating Agree- ment. [82 FR 56897, Dec. 1, 2017] § 296.31 MSP assistance conditions.
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Transfer of MSP Operating Agree- ments. A Contractor subject to an MSP Operating Agreement may transfer that MSP Operating Agreement (in- cluding all rights and obligations under that MSP Operating Agreement) to any person eligible to enter into an MSP Operating Agreement under § 296.10 and of the same or more restrictive U.S. citizen priority, provided that prior ap- proval to transfer the MSP Operating Agreement is granted by the Secretary and the SecDef. The Contractor should allow at least 90 days for processing of a transfer request.
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Related to Transfer of MSP Operating Agree- ments

  • Transfer of Agreement Without prior written consent of the WFOE, the Existing Shareholders or the Domestic Company may not assign its rights and obligations hereunder to any third party.

  • Transfer of Business Where a transfer of business occurs, an Employee who worked with the old employer and who continues in the service of the new employer will be entitled to count her/his service with the old employer as service with the new employer for the purposes of this clause.

  • Permitted Transfers Within Escrow 5.1 Transfer to Directors and Senior Officers

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