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

Passage of Title and Risk of Loss. Legal title, equitable title, and risk of loss in respect of the Purchased Assets will pass to the Buyer at the Closing, which transfer, once it has occurred, will be deemed effective for tax, accounting, and other computational purposes as of the Effective Time.

Appears in 1 contract

Samples: Asset Purchase Agreement (Gerdau Ameristeel Corp)

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Passage of Title and Risk of Loss. Legal title, equitable title, and risk of loss in respect of the Purchased Assets will pass to the Buyer at the Closing, which transfer, once it has occurred, will be deemed effective for tax, accounting, and other computational purposes as of the Effective Time.. ARTICLE 12

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Quanex Corp)

Passage of Title and Risk of Loss. Legal title, equitable title, and risk of loss in respect of the Purchased Assets will pass to the Buyer at the Closing, which transfer, once it has occurred, will be deemed effective for tax, accounting, and other computational purposes as of the Effective Time.. September 9, 2004 (Steel Mills)

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Gerdau Ameristeel Corp)

Passage of Title and Risk of Loss. Legal title, equitable title, and risk of loss in respect of the Purchased Assets will pass to the Buyer at the Closing, which transfer, once it has occurred, will be deemed effective for tax, accounting, and other computational purposes as of the Effective Time.. September 9, 2004 (Wire)

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Gerdau Ameristeel Corp)

Passage of Title and Risk of Loss. Legal title, equitable --------------------------------- title, and risk of loss in respect of the Purchased Assets will not pass to the Buyer until such Purchased Assets are transferred at the Closing, which transfer, once it has occurred, will be deemed effective for tax, accounting, insurance and other computational purposes as of the Effective Time.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Agway Inc)

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Passage of Title and Risk of Loss. Legal title, equitable title, and risk of loss in with respect of to the Purchased Assets will not pass to Purchaser (or the Buyer H&C Assignees, as applicable) until such Purchased Assets are transferred at the Closing, which transfer, once it has occurred, will be deemed effective for tax, accounting, and other computational purposes as of the Effective Timetime of the close of business at on the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nl Industries Inc)

Passage of Title and Risk of Loss. Legal title, equitable title, and risk of loss in respect of the Purchased Assets will pass to the Buyer Purchaser at the Closing, which transfer, once it has occurred, will be deemed effective for tax, accounting, and other computational purposes as of the Effective Time.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Maxco Inc)

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