Common use of Ownership Transfer Clause in Contracts

Ownership Transfer. A. Owner specifically represents and warrants to Agister that Owner has acquired his/her interest in the Herd for Owner’s own use and benefit. B. Owner shall at no time and under no circumstance sell or exchange any of Owner’s interest in the milk production from the Herd and shall at all times use the Owner’s share of milk production for Owner’s own use. Because all of the Herd Agreements are interdependent and cannot function without all interests in the Herd being covered by them, notwithstanding the foregoing, if any court orders a transfer or assignment of an interest, the Court is requested to make the transfer or assignment subject to the terms of the Herd Agreement.

Ownership Transfer. A. Owner specifically represents and warrants to Agister that Owner has acquired his/his/ her interest in the Herd for Owner’s own use and benefit. B. Owner shall at no time and under no circumstance sell or exchange any of Owner’s interest in the milk production from the Herd and shall at all times use the Owner’s share of milk production for Owner’s own use. Because all of the Herd Agreements are interdependent and cannot function without all interests in the Herd being covered by them, notwithstanding the foregoing, if any court orders a transfer or assignment of an interest, the Court is requested to make the transfer or assignment subject to the terms of the Herd Agreement.