Effective Date of Transfer. The transfer and assignment of the Assets from the Vendor to the Purchaser shall be effective as of the Effective Date, provided Closing occurs. Possession of the Assets, however, shall not pass to the Purchaser until after Closing on the Closing Date.
Appears in 6 contracts
Samples: Rescission Agreement (Capital Reserve Canada LTD), Asset Purchase Agreement (Samoyed Energy Corp), Asset Purchase Agreement (Terra Nostra Resources LTD)
Effective Date of Transfer. The Provided that Closing occurs, the transfer and assignment of the Assets from the Vendor to the Purchaser shall be effective as of the Effective Date, provided Closing occurs. Possession that possession of the Assets, however, Assets shall not pass to the Purchaser until after Closing occurs. In accordance with Clause 5, Vendor shall maintain the Assets on Purchaser's behalf between the Closing DateEffective Date and the Closing.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Barnwell Industries Inc), Purchase and Sale Agreement (Barnwell Industries Inc), Purchase and Sale Agreement (Barnwell Industries Inc)
Effective Date of Transfer. The transfer and assignment of the Assets from the Vendor to the Purchaser shall be effective as of the Effective Date, provided Closing occurs. Possession of the Assets, however, shall not pass to the Purchaser until after Closing on the Closing Date, and the Vendor shall maintain the Assets between the Effective Date and the Closing Date pursuant to the provisions of Article 5.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Geocan Energy Inc), Purchase and Sale Agreement (Geocan Energy Inc)
Effective Date of Transfer. The transfer and assignment of the Assets from the Vendor to the Purchaser shall be effective as of the Effective Date, provided Closing occurs. Possession of the Assets, however, shall not pass to the Purchaser until immediately after Closing on the Closing Date, and the Vendor shall maintain the Assets on behalf of the Purchaser between the Effective Date and the Closing Date pursuant to the provisions of Article 5.00.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Exco Resources Inc)
Effective Date of Transfer. The transfer and assignment of the Assets from the Vendor to the Purchaser shall be effective as of the Effective Date, provided Closing occurs. Possession of the Assets, however, shall not pass to the Purchaser until after Closing on the Closing Date, and the Vendor shall maintain the Assets on behalf of the Purchaser between the Effective Date and the Closing Date pursuant to the provisions of Article 5.00.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Cotton Valley Resources Corp)
Effective Date of Transfer. The transfer and assignment of the Assets from the Vendor to the Purchaser shall be effective as of the Effective Date, provided Closing occurs. Possession of the Assets, however, shall not pass to the Purchaser until after Closing on the Closing Date.
Appears in 1 contract
Effective Date of Transfer. The transfer and assignment of the Assets from the Vendor Seller to the Purchaser Buyer shall be effective as of the Effective Date, provided that the Closing occurs. Possession of the Assets, however, Assets shall not pass to the Purchaser Buyer until after Closing on the Closing Dateoccurs.
Appears in 1 contract
Samples: Asset Sale and Purchase Agreement (Daybreak Oil & Gas Inc)
Effective Date of Transfer. The transfer and assignment of the Assets from the Vendor to the Purchaser shall be effective as of the Effective Date, provided Closing occursoccurs and the post closing scheduled payments and commitments are completed. Possession and risk of the Assets, however, shall not pass to the Purchaser until after Closing and completion of scheduled payments and the Vendor shall maintain the Assets on behalf of the Purchaser between the Effective Date and the Closing DateDate pursuant to the provisions of Article 5.
Appears in 1 contract
