GRANT OF POSSESSION Sample Clauses

GRANT OF POSSESSION. To the extent applicable, the Seller shall transfer possession (Übergabe) of the Purchased Assets to the Purchaser at Closing, at which time, benefits and obligations shall pass to the Purchaser. To the extent that the Purchased Assets are located on the Real Property or in the permanent establishments, office premises and other premises used as part of the Business, the Seller is required to grant the Purchaser exclusive control of the keys to the premises referred to above and instruct the Employees to be Transferred to exercise possession of the Purchased Assets on behalf of the Purchaser as of Closing. Should it not be possible to grant direct possession of Purchased Assets at Closing, the Seller shall, from the Closing, at no costs, keep and maintain possession of such Purchased Assets on behalf of, and for the sole benefit of, the Purchaser which will as of Closing hold indirect possession (mittelbarer Besitz) (§ 690 BGB shall not apply). Should the Purchased Assets be in the possession of a third party at Closing, the Seller, subject to the condition precedent of the Seller Purchase Price being paid, hereby assigns to the Purchaser, which accepts such assignment, its rights to restitution (Herausgabeanspruch) vis-à-vis such third party to the Purchaser. Should additional measures or declarations be required in order to secure the grant of possession, the Seller shall carry out these measures or submit these declarations. To the extent Purchased Assets at Closing are subject to a retention of title (Eigentumsvorbehalt) or to a transfer of title by way of security assignment (Sicherheitsübereignung), the Seller, subject to the condition precedent of the Seller Purchase Price being paid, hereby assigns to the Purchaser, which accepts such assignment, any expectancy rights (Anwartschaftsrechte) in respect of such Purchased Assets.

GRANT OF POSSESSION. The Seller, for and in consideration or the, covenants, conditions and agreements hereinafter reserved and set forth, and by the Buyer to be kept and preformed, has sold, and demised, and by these presents does hereby sell, and demise, unto the said Buyer, his and its executors, administrators, successors in title, and authorized assigns, all of the right, title , and interest of the mining claims described herein, the improvements thereon, water rights, and the appurtenances, for the purpose of exploring, sampling, mining, processing and any uses incidental thereto.