Common use of Closing of Transactions Clause in Contracts

Closing of Transactions. On and from the date hereof the Seller shall as soon as practicable complete the transactions contemplated hereinbelow based on the reconciliation of the records and the accounts of the Seller pertaining to the Purchased Assets in terms of Section 2.4. From time to time following the Effective Date, the Seller shall execute and deliver, or cause to be executed and delivered to the Purchaser such additional instruments of conveyance and transfer as the Purchaser may reasonably request or as may be otherwise necessary to effectively convey or transfer to, and vest in, the Purchaser and put the Purchaser in possession of and/or control of any part of the Purchased Assets. Closing shall be deemed to occur only upon completion of transactions contemplated hereinbelow, to the satisfaction of the Purchaser. After the Closing, the Purchaser shall own all of the Purchased Assets and that the Seller shall have no right to possess, control or act with respect to any Purchased Assets in any manner whatsoever.

Closing of Transactions. On and from the date hereof the Seller shall as soon as practicable complete the transactions contemplated hereinbelow herein below based on the reconciliation of the records and the accounts of the Seller pertaining to the Purchased Assets in terms of Section 2.4. From time to time following the Effective Date, the Seller shall execute and deliver, or cause to be executed and delivered to the Purchaser such additional instruments of conveyance and transfer as the Purchaser may reasonably request or as may be otherwise necessary to effectively convey or transfer to, and vest in, the Purchaser and put the Purchaser in possession of and/or control of any part of the Purchased Assets. Closing shall be deemed to occur only upon completion of transactions contemplated hereinbelow, to the satisfaction of the Purchaser. After the Closing, the Purchaser shall own all of the Purchased Assets the Buyer shall own the shares issued for the Purchase Price and that the Seller neither shall have no the right to possess, control or act with respect to any the Purchased Assets or shares, respectively, held by the other in any manner whatsoever.