Common use of TRANSFER OF TITLE OR INTEREST Clause in Contracts

TRANSFER OF TITLE OR INTEREST. (a) This Agreement shall be binding upon the parties hereto, their successors, administrators, executors, and assigns. In the event that the entire operation or any part thereof which is covered by this Agreement is sold, leased, transferred, or taken over by sale, transfer, lease assignment, receivership or bankruptcy proceeding, or another limited company is set up to perform any of the functions previously performed by the Employer covered herein, such operation shall continue to be subject to the terms and conditions of this Agreement for the life thereof. (b) It is understood by this Section that the parties hereto shall not use any leasing device to a third party to evade this Agreement. Nor shall the Employer use owner operators of any description to vend or in any way perform work done by employees covered by this Agreement. Nor shall the Employer require as a condition of continued employment that an employee purchase any truck or vehicular equipment or that any employee purchase or assume any proprietary interest or other obligation in the business, excepting as defined in Article 1 (d). (c) If, at any time, the Employer intends to sell, transfer or lease the entire operation or any part thereof, he shall give notice of the existence of this Agreement to any purchaser, transferee, lessee, assignee, etc. of the operation covered by this Agreement or any part thereof. Such notice shall be in writing with a copy to the Union not later than the effective date of sale.

TRANSFER OF TITLE OR INTEREST. (a) This Agreement shall be binding upon the parties hereto, their successors, administrators, executors, and assigns. In the event that the entire operation or any part thereof which is covered by this Agreement is sold, leased, transferred, or taken over by sale, transfer, lease assignment, receivership or bankruptcy proceeding, or another limited company is set up to perform any of the functions previously performed by the Employer covered hereinproceedings, such operation shall continue to be subject to the terms and conditions of this Agreement for the life thereof. (b) It is understood by this Section that the parties hereto shall not use any leasing device or sub-contracting out to a third party to evade this Agreementcontract. Nor shall the The Employer use owner operators of any description to vend or in any way perform work done by employees covered by this Agreement. Nor shall the Employer require as a condition of continued employment that an employee purchase any truck or vehicular equipment or that any employee purchase or assume any proprietary interest or other obligation in the business, excepting as defined in Article 1 (d). (c) If, at any time, the Employer intends to sell, transfer or lease the entire operation or any part thereof, he shall give notice of the existence of this Agreement to any purchaser, transferee, lessee, assignee, etc. of the operation covered by this the Agreement or any part thereof. Such notice shall be in writing with a copy to the Union not later than the effective date of sale. The Union, however, shall give consideration to any proposal put forward by the Employer in regards to any leasing and shall deal with any case on its merits. However, it reserves the right to not necessarily agree to any proposal submitted by the Employer. (c) The Employer shall not require, as a condition of continued employment, that an employee purchase any truck or other vehicular equipment or that any employee purchase or assume any proprietary interest or other obligation in the business.

TRANSFER OF TITLE OR INTEREST. (a) This Agreement shall be binding upon the parties hereto, their successors, administrators, executors, executors and assigns. In the event that the entire operation or any part thereof which is covered by this Agreement is sold, leased, transferred, or taken over by sale, transfer, lease assignment, receivership or bankruptcy proceeding, or another limited company is set up to perform any of the functions previously performed by the Employer covered herein, such operation shall continue to be subject to the terms and conditions of this Agreement for the life thereof. (b) It is understood by this Section that the parties hereto shall not use any leasing device to a third party to evade this Agreement. Nor shall the Employer use owner operators of any description to vend or in any way perform work done by employees covered by this Agreement. Nor shall the Employer require employee, as a condition of continued employment that an employee purchase any truck or vehicular equipment or that any employee employment, be required to purchase or assume any proprietary interest or other obligation in the business, excepting as defined in Article 1 (d). (c) If, If at any time, time the Employer intends to sell, transfer transfer, or lease the entire operation or any part thereof, he it shall give notice of the existence of this Agreement to any purchaser, transferee, lessee, assignee, etc. of the operation covered by this Agreement or any part thereof. Such notice shall be in writing with a copy to the Union not later than the effective date of sale.