Common use of TRANSFER OF TITLE OR INTEREST Clause in Contracts

TRANSFER OF TITLE OR INTEREST. 11.01 This Agreement shall be binding upon the parties hereto, their successors, administrators, executors and assigns. In the event the entire operation or any part thereof is sold, leased, transferred or taken over by sale, transfer, lease assignment, receivership or bankruptcy proceeding, such operation shall continue to be subject to the terms and conditions of this Agreement for the life thereof. 11.02 The Employer shall give notice of the existence of this Agreement to any purchaser, transferee, lessee or assignee of the operation covered by this Agreement or any part thereof. Such notice shall be in writing and a copy thereof shall be delivered to the Union at the time the Employer executes the contract of sale, lease or transfer. The Union shall also be informed of the nature of the transaction, not including financial details. 11.03 In the event the Employer fails to give notice as herein required, or fails to provide the Union with particulars herein required, the Employer shall be liable to the Union and to the employees covered by this Agreement, for all loss or damages sustained as a result of such failure. 11.04 The Employer shall not require as a condition of continued employment, that an employee purchase or assume any proprietary interest or other obligation in the business, nor furnish trucks or other equipment for same.

TRANSFER OF TITLE OR INTEREST. 11.01 This Agreement shall be binding upon the parties hereto, their successors, administrators, executors and assigns. In the event the entire operation operation, or any part thereof is sold, leased, transferred transferred, or taken over by sale, transfer, lease lease, assignment, receivership or bankruptcy proceedingproceedings, such operation shall continue to be subject to the terms and conditions of this Agreement for the life thereof. It is understood and agreed the foregoing shall not apply in those cases when the Employer sublets service to an individual customer or customers to another company when it becomes impractical for the Employer to continue service to that customer or customers. 11.02 It is understood by this Section that the parties hereto shall not use any leasing device to a third party for the sole purpose of evading this Agreement. 11.03 The Employer shall give notice of the existence of this Agreement to any purchaser, transferee, lessee or assignee of the operation covered by this Agreement or any part thereof. Such notice shall be in writing and a copy thereof shall be delivered to the Union at prior to the time the Employer executes the contract of sale, lease or transfer. The Union shall also be informed of the nature of the transaction, not including financial details. 11.03 In the event the Employer fails to give notice as herein required, or fails to provide the Union with particulars herein required, the Employer shall be liable to the Union and to the employees covered by this Agreement, for all loss or damages sustained as a result of such failure. 11.04 The Employer shall not require require, as a condition of continued employment, that an employee purchase or assume any proprietary interest or other obligation in the business, nor furnish trucks or other equipment for same.

TRANSFER OF TITLE OR INTEREST. 11.01 This Agreement shall be binding upon the parties Parties hereto, their successors, administrators, executors and assigns. In the event the entire operation or any part thereof is sold, leased, transferred or taken over by sale, transfer, lease assignment, receivership or bankruptcy proceeding, such operation shall continue to be subject to the terms and conditions of this Agreement for the life thereof. 11.02 . The Employer Parties hereto shall not use any leasing device to a third party to evade this Agreement except as expressly stated in this Agreement. The Company shall give notice of the existence of this Agreement to any purchaser, transfereetransferee?lessee, lessee or assignee of the operation covered by this Agreement or any part thereof. Such notice shall be in writing and a copy thereof shall be delivered to the Union at prior to the time the Employer Company executes the contract of sale, lease or transfer. The Union shall also be informed of the nature of the transaction, not including financial includingfinancial details. 11.03 In . the event the Employer Company fails to give notice as herein required, required or fails to provide the Union with particulars herein required, re the Employer Company shall be liable to the Union and to the employees covered by this Agreement, for all loss or damages sustained as a result of such failure. 11.04 . The Employer Company shall not require require, as a condition of continued employment, that, any employee purchase any truck or other vehicular equipment or that an any employee purchase or assume any proprietary interest or other obligation in the business, nor furnish trucks or other equipment for same.

TRANSFER OF TITLE OR INTEREST. 11.01 This Agreement shall be binding upon the parties hereto, their successors, administrators, executors and assigns. In the event the entire operation or any part thereof is sold, leased, transferred or taken over by sale, transfer, lease assignment, receivership or bankruptcy proceeding, such operation shall continue to be subject to the terms and conditions of this Agreement for the life thereof. 11.02 . The Employer shall give notice of the existence of this Agreement to any purchaser, transferee, lessee or assignee of the operation covered by this Agreement or any part thereof. Such notice shall be in writing and a copy thereof shall be delivered to the Union at the time the Employer executes the contract of sale, lease or transfer. The Union shall also be informed of the nature of the transaction, not including financial details. 11.03 In . the event the Employer fails to give notice as herein required, or fails to provide the Union with particulars herein required, the Employer shall be liable to the Union and to the employees covered by this Agreement, for all loss or damages sustained as a result of such failure. 11.04 . The Employer shall not require as a condition of continued employment, that an employee purchase or assume any proprietary interest or other obligation in the business, nor furnish trucks or other equipment for same.