Transfer in bulk definition
Transfer in bulk means a transfer, other than in the ordinary course of the transferor's trade or business, of more than one-half of all the property of a business at all locations combined, as measured by the value of the property at the time of the transfer.
Transfer in bulk means selling, transferring or otherwise making available more than 5% of the individual records contained in the Database to a third party or any related group of third parties in any 12-month period, whether in a single transaction or a series of related transactions; provided that in calculating such 5%, the total number of records in the Database shall equal the daily average of the total number of records contained in the Database over such 12-month period; and