ASSETS AT RISK. 16.1 From the date hereof to the Closing Date, the Business Assets will remain at the risk of the Vendor. If any of the Business Assets are lost, damaged, or destroyed prior to the time of Closing, the Purchaser may in lieu of terminating this Agreement pursuant to Clause 12.1 elect by notice in writing to the Vendor to complete the purchase to the extent possible, and at the option of the Purchaser, either:
Appears in 3 contracts
Samples: Asset Purchase Agreement (Glass Wave Enterprises, Inc.), Asset Purchase Agreement (Ocean Ventures Inc), Asset Purchase Agreement (Virtualsellers Com Inc)
ASSETS AT RISK. 16.1 18.1 From the date hereof to the Closing Date, the Business Assets will remain at the risk of the Vendor. If any of the Business Assets are lost, damaged, or destroyed prior to the time of Closing, the Purchaser may in lieu of terminating this Agreement pursuant to Clause 12.1 elect by notice in writing to the Vendor to complete the purchase to the extent possible, and at the option of the Purchaser, either:
Appears in 1 contract
Samples: Asset Purchase Agreement (Spectrum Signal Processing Inc)
ASSETS AT RISK. 16.1 17.1 From the date hereof of this Agreement to the Closing DateClosing, the Business Assets will remain at the risk of the Vendor. If any of the Business Assets are lost, damaged, or destroyed prior to before the time of Closing, the Purchaser may in lieu of terminating this Agreement pursuant to Clause 12.1 Section 13.1 elect by notice in writing to the Vendor to complete the purchase purchaser to the extent possible, and at the option of the Purchaser, either:
Appears in 1 contract
Samples: Asset Purchase Agreement (Rx Technology Holdings Inc)
