Delivery of Possession of Assets Sample Clauses

Delivery of Possession of Assets. Right to possession of all Acquired Assets shall transfer to Purchaser at the Closing. Purchaser shall bear all risk of loss with respect to the Acquired Assets from and after the Closing.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Delivery of Possession of Assets. At the Closing, the Sellers shall at their expense deliver possession of the Equipment and Inventory being transferred by the Sellers to Buyer at locations designated by Buyer to the Sellers prior to the Closing. If at any time after the Closing Date any Seller comes into possession of any Assets, such Seller shall promptly notify Buyer and promptly deliver possession of the Assets to Buyer at locations designated by Buyer. Notwithstanding the foregoing, if any Equipment or Inventory is in the possession or control of any third party, in lieu of delivering possession of such Equipment or Inventory to Buyer at locations designated by Buyer, the Sellers shall, within five (5) days following the Closing, provide written notice to such third party of the sale and assignment of such Equipment and Inventory to Buyer hereunder and authorize and direct such third party to thereafter transact with Buyer as the owner of such Equipment and Inventory. The Sellers hereby authorize Buyer from and after the Closing to deliver to these third parties on behalf of the Sellers the notice set forth as EXHIBIT A attached hereto.
Sample 1
Delivery of Possession of Assets. At the Closing, each Seller Party shall, at the Seller Party's expense, deliver possession of the Assets being transferred by the Seller Party to the Company at locations designated by the Company. If at any time after the Closing Date any Seller Party comes into possession of any Asset, such Seller Party shall promptly notify the Company and promptly deliver possession of the Asset to the Company at locations designated by the Company.
Sample 1
Delivery of Possession of Assets. Promptly upon receipt of notification that foreclosure proceedings have been commenced, PSPH shall turn over possession of the Assets being foreclosed upon to IFC, or as IFC shall otherwise direct; provided, that if PSPH shall fail to turn over possession of any of such Assets as required hereunder, IFC shall be entitled and authorized to the extent permitted by law to repossess the same wherever they may be located by whichever means IFC shall determine and, to enter for that purpose any premises where such Assets may be located and transport them, at the expense of PSPH, to the place otherwise determined by IFC for turning over possession thereof.
Sample 1
Delivery of Possession of Assets. At the Closing, Seller shall, at Seller's expense, deliver possession of the Assets being transferred by Seller to Purchaser at the Premises and 820 Xxxx Xxxxxxx Xxxx., No. 725, Chicago, Illinois 60607. If at any time after the Closing Date Seller comes into possession of any Asset, Seller shall promptly notify Purchaser and promptly deliver possession of the Asset to Purchaser at such location as is designated by Purchaser.
Sample 1
Delivery of Possession of Assets. At the Closing, Seller shall deliver possession of the Assets being transferred by Seller to Purchaser at such location in New York City as is mutually agreed among the parties. If at any time after the Closing Date, Seller comes into possession of any Asset, Seller shall promptly notify Purchaser and promptly deliver possession of the Asset to Purchaser at such location as is designated by Purchaser.
Sample 1
Delivery of Possession of Assets. Promptly upon receipt of notification that foreclosure proceedings have been commenced by the Mortgagee, the Mortgagor shall turn over possession of the Assets being foreclosed upon to the Mortgagee or as the Mortgagee shall otherwise direct; provided, that if any Mortgagor shall fail to turn over possession of any of such Assets as required hereunder, the Mortgagee shall be entitled and authorized to the extent permitted by Applicable Law to repossess the same by whichever means the Mortgagee shall determine, and to enter for that purpose the premises where such Assets may be located and transport them, at the expense of the Mortgagors, to the place otherwise determined by the Mortgagee for turning over possession thereof.
Sample 1
AutoNDA by SimpleDocs

Related to Delivery of Possession of Assets

  • Delivery of Assets Each Investment Company may deliver to the Custodian Securities and cash owned by the Funds, payments of income, principal or capital distributions received by the Funds with respect to Securities owned by the Funds from time to time, and the consideration received by the Funds for such Shares or other securities of the Funds as may be issued and sold from time to time. The Custodian shall have no responsibility whatsoever for any property or assets of the Funds held or received by the Funds and not delivered to the Custodian pursuant to and in accordance with the terms hereof. All Securities accepted by the Custodian on behalf of the Funds under the terms of this Agreement shall be in "street name" or other good delivery form as determined by the Custodian.

  • Free Delivery of Assets Notwithstanding any other provision of this Agreement and except as provided in Section 3 hereof, the Custodian, upon receipt of Special Instructions, will undertake to make free delivery of Assets, provided such Assets are on hand and available, in connection with a Fund's transactions and to transfer such Assets to such broker, dealer, Subcustodian, bank, agent, Securities System or otherwise as specified in such Special Instructions.

  • Delivery of Assets to Custodian The Trust shall deliver, or cause to be delivered, to the Custodian all of the Fund's Securities, cash and other investment assets, including (i) all payments of income, payments of principal and capital distributions received by the Fund with respect to such Securities, cash or other assets owned by the Fund at any time during the period of this Agreement, and (ii) all cash received by the Fund for the issuance of Shares. The Custodian shall not be responsible for such Securities, cash or other assets until actually received by it.

  • Delivery of Property The Custodian shall not be responsible for any securities or other assets of a Portfolio which are not received by the Custodian or which are delivered out in accordance with Proper Instructions. The Custodian shall not be responsible for the title, validity or genuineness of any securities or other assets or evidence of title thereto received by it or delivered by it pursuant to this Agreement.

  • Condition of Assets 4 2.10 TITLE TO AND ENCUMBRANCES ON PROPERTY . . . . . . . . . . . . . . . . . . 4 2.11 INVENTORIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2.12 INTELLECTUAL PROPERTY RIGHTS; NAMES . . . . . . . . . . . . . . . . . . .

  • Custody of Assets Sub-Adviser shall at no time have the right to physically possess the assets of the Funds or have the assets registered in its own name or the name of its nominee, nor shall Sub-Adviser in any manner acquire or become possessed of any income, whether in kind or cash, or proceeds, whether in kind or cash, distributable by reason of selling, holding or controlling such assets of the Funds. In accordance with the preceding sentence, Sub-Adviser shall have no responsibility with respect to the collection of income, physical acquisition or the safekeeping of the assets of the Funds. All such duties of collection, physical acquisition and safekeeping shall be the sole obligation of the custodian.

  • Title to and Condition of Assets The Company or one of its Subsidiaries has good and valid title to or a valid leasehold interest in all of its material tangible assets, including all of the material tangible assets reflected on the Balance Sheet or acquired in the ordinary course of business consistent with past practice since the date of the Balance Sheet, except those sold or otherwise disposed of for fair value since the date of the Balance Sheet in the ordinary course of business consistent with past practice. None of the assets owned or leased by the Company or any of its Subsidiaries is subject to any Encumbrance, other than (i) liens for Taxes not yet due and payable and for which adequate reserves have been established in accordance with GAAP, (ii) mechanics’, workmen’s, repairmen’s, warehousemen’s and carriers’ liens arising in the ordinary course of business of the Company or such Subsidiaries consistent with past practice, (iii) Encumbrances arising in the ordinary course of business by operation of law with respect to any liability that is not yet due and payable or that is being contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP, (iv) in the case of real property, any such matters properly filed of public record against the applicable real property that do not, individually or in the aggregate, materially impair the continued ownership, use and operation of the property to which they relate, (v) zoning, planning and other similar limitations and restrictions imposed by Governmental Entities to regulate any real property that are not violated by the use and operation of such real property, (vi) the rights of licensors and licensees under software licenses executed in the ordinary course of business, (vii) liens contained in the organizational documents of the Company or any of its Subsidiaries, (vii) liens affecting a landlord’s interest in property leased to the Company or any of its Subsidiaries so long as such liens do not breach and would not reasonably be expected to breach a customary covenant of quiet enjoyment (due to the existence of a non-disturbance agreement or other arrangement in which the tenant’s interest is recognized and protected) or (viii) Encumbrances arising or incurred in the ordinary course of business consistent with past practice none of which are reasonably likely to adversely interfere in any substantial way with the ownership, occupancy or use of the property encumbered thereby or (ix) Encumbrances disclosed on Section 3.18 of the Company Disclosure Letter (collectively, “Permitted Encumbrances”).

  • Location of Assets To keep any property belonging to the Trust at any place in theUnited States.

  • Possession of Property Possession of the Property free and clear of all uses and encroachments, except the Permitted Exceptions, shall be delivered to Purchaser at closing.

  • Purchase of Assets 11 3.1 Assets Purchased by Assuming Bank 11 3.2 Asset Purchase Price 11 3.3 Manner of Conveyance; Limited Warranty; Nonrecourse; Etc. 12 3.4 Puts of Assets to the Receiver 12 3.5 Assets Not Purchased by Assuming Bank 13 3.6 Assets Essential to Receiver 15

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!