RSS Feeds13. Transfer of Grant
13.1 The Grant is made personally to the Host Institution who shall not without the prior written consent of the HRB assign, transfer or sub-contract the benefit and/or burden of it to any other party.
13.2 Without prejudice to the generality of the foregoing, the Grant shall not be transferred to another institution without the prior written consent of the HRB, the Host Institution and the new Host Institution.
13.3.1 Any such consent may be subject to such conditions as the HRB may reasonably require including but not limited to conditions relating to the acceptance of the Grant Conditions by the new Host Institution.
13.3.2 It shall be deemed reasonable for the HRB to include conditions relating to the following:-
13.3.2.1 The furnishing of an End-of-Grant Report by the Host Institution to the HRB which is satisfactory to the HRB.
13.3.2.2 The payment by the Host Institution of all costs and expenses relating to the Grant Funded Activities to ensure that no liabilities directly or indirectly relating to the Grant Funded Activities are outstanding as of the date of the transfer to the new Host Institution.
13.3.2.3 The employment or engagement of the Principal Investigator by the new Host Institution.
13.3.2.4 The transfer of title to any Assets to the new Host Institution
13.3.2.5 The transfer of documentation and records relating to the Grant Funded Activities to the new Host Institution.
13.3.2.6 The completion of Acceptance Documentation by the new Host Institution.
13.4 Notwithstanding the provisions of this Clause 13, the HRB shall require the new Host Institution to enter into an agreement with it based on the remaining Term of the Grant and the Budget balance of the Grant.
