Common use of Passage of Title and Risk of Loss Clause in Contracts

Passage of Title and Risk of Loss. Legal and equitable title to, and risk of loss with respect to, the Purchased Assets shall not pass to Purchaser until the Closing occurs.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Sunrise Senior Living Inc), Facilities Purchase and Sale Agreement (Sunrise Senior Living Inc)

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Passage of Title and Risk of Loss. Legal and equitable title to, and risk of loss with respect to, the Purchased Acquired Assets shall not pass to Purchaser until upon the Closing occursClosing.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Novoste Corp /Fl/), Asset Purchase Agreement (Novoste Corp /Fl/)

Passage of Title and Risk of Loss. Legal and equitable title to, and risk of loss with respect to, the Purchased Acquired Assets shall not pass to Purchaser until the Closing occurs.

Appears in 1 contract

Samples: Asset Purchase Agreement (Kv Pharmaceutical Co /De/)

Passage of Title and Risk of Loss. Legal and equitable title to, and risk of loss with respect to, the Purchased Acquired Assets shall not pass to Purchaser until upon the Closing occursClosing. As of the Closing, Seller shall have no further obligation to insure the Acquired Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Implant Sciences Corp)

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Passage of Title and Risk of Loss. Legal and title, equitable title to, and risk of loss with respect to, to the Purchased Acquired Assets shall not pass to Purchaser until Buyer at the Closing occursClosing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Central Freight Lines Inc/Tx)

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