Bare Transfer definition

Bare Transfer has the meaning given in clause 12.2(a).

Bare Transfer means a transfer or assignment by the Shipper of its entitlement to capacity under the Access Contract in circumstances where:

Bare Transfer means an assignment under which the assignor assigns the whole or a part of its access rights under an access contract to an assignee, but under which there is no novation, with the result that the assignor’s obligations under the access contract for services, and all other terms of the access contract for services, remain in full force and effect after the assignment, whether or not the assignee becomes bound to the assignor or any other party to fulfil those obligations.

Examples of Bare Transfer in a sentence

• In these circumstances the Trading Policy may require that the transferee notify the Service Provider prior to utilising the portion of the Contracted Capacity subject to the Bare Transfer and of the nature of the Contracted Capacity subject to the Bare Transfer, but the Trading Policy must not require any other details regarding the transaction to be provided to the Service Provider.

• Where commercially and technically reasonable, a User must be permitted to transfer or assign all or part of its Contracted Capacity other than by way of a Bare Transfer with the prior consent of the Service Provider.

• For an Assignment* other than a Bare Transfer*, the User* may Assign* its Access Rights* subject to compliance with the Transfer and Relocation Policy*.

• The transferee must notify APT Allgas prior to utilising the portion of the Contracted Capacity subject to the Bare Transfer and the nature of the Contracted Capacity subject to the Bare Transfer.

• Except as set out in the Access Arrangement (in respect of a Bare Transfer or conditional transfer) and this clause 22, no assignment or transfer of the Gas Transportation Agreement by either Party shall be made without the written consent of the other Party, which shall not be unreasonably withheld.

More Definitions of Bare Transfer

Bare Transfer means a transfer or assignment of any interest in the right to obtain a Service (including, but without limitation, a sub-licence) in which the contract between CRP and the User remains in effect in terms identical to those existing between CRP and the User immediately prior to that transfer or assignment.

Bare Transfer means an Assignment under which the User Assigns the whole or a part of its access rights under this Contract to an assignee, but under which there is no Novation, with the result that the User’s obligations under this Contract, and all other terms of this Contract, remain in full force and effect after the Assignment, whether or not the assignee becomes bound to the User or any other party to fulfil those obligations.

Bare Transfer means in respect of a User a transfer or assignment of all or part of the MDQ of a User under a Reference Service Agreement to the extent that:

Bare Transfer means a transfer or assignment of any interest in the right to obtain a Service (including, but without limitation, a sub-licence) in which the contract between the Service Provider and the User remains in effect in terms identical to those existing between the Service Provider and the User immediately prior to that transfer or assignment.

Bare Transfer means a transfer or assignment of contracted peak rate to which subclause 43(2) applies;

Bare Transfer means an agreement entered into in accordance with clauses 13.1(a) and 13.3 in relation to Traded Capacity;

Bare Transfer has the meaning given to that expression in the Code.