TOURNAMENTS  SECTION XII - WTA TOURNAMENT MEMBERSHIPS applicable Transfer Fee, which is addressed in sub-Section  (v) below. For the avoidance of doubt, nothing herein shall be  construed: •  To alter or amend the member’s obligation to seek and  obtain the WTA’s prior approval for any Tournament  transfer according to the Rules; •  To limit or restrain WTA’s rights to approve, deny, or  match a proposed Tournament transfer according to  the Rules; or •  As requiring the WTA to approve any proposed transfer  of the membership; (iv) Is complete and consummated, including approval by the  Board of Directors (if any), prior to the following year’s No  Release Deadline; (v) Shall be subject to a Transfer Fee calculated at the  maximum scheduled Transfer Fee percentage, regardless  of the member’s tenure with the WTA; and (vi) Stipulates the proposed transferee shall conduct the  Tournament in the week on the WTA Calendar in the  following Tour Year designated for the Tournament by the  Board of Directors. c.  Extenuating Circumstances In the event any of the preceding six (6) conditions is not met,  the membership shall be forfeited. (See Section XII.G.6.b -  Tournament Implications.) Under extenuating circumstances, a member may apply to the Board of  Directors for an extension of the deadline in sub-Section b.ii.(c)(iv) above,  which application the Board of Directors may accept or reject in its sole  and absolute discretion. The Board of Directors may attach conditions  to the acceptance of such an application including, without limitation, a  requirement that the member pay the Announced Prize Money for the  following Tour Year. 212