Delivery of Purchased Assets. At the Effective Time, title, ownership and possession of the Purchased Assets shall pass to Buyer, and Buyer shall take possession of the Purchased Assets free and clear of all Encumbrances wherever they are located at the Effective Time.
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Samples: Asset Purchase Agreement, Asset Purchase Agreement (Hercules Offshore, Inc.)
Delivery of Purchased Assets. At the Effective Time, title, ownership and possession of the Purchased Assets shall pass to Buyer, the Buyer and the Buyer shall take possession of the Purchased Assets free and clear of all Encumbrances wherever they are located at the Effective Time.
Appears in 1 contract
Delivery of Purchased Assets. At the Effective Time, title, ownership and possession of the Purchased Assets shall pass to Buyer, the Buyer from the Seller and the Buyer shall take possession of the Purchased Assets free and clear of all Encumbrances wherever they are located at the Effective Time.
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