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 with respect to the Total Assets will not pass to Purchaser until such Total Assets are Transferred or leased at the Closing, which transfer, once it has occurred, will be deemed effective for tax, accounting and other computational purposes as of 11:59 P.M. (Pacific Time) on the Closing Date.

Passage of Title and Risk of Loss. Legal title, equitable title and risk of loss with respect to the Total Assets will not pass to Purchaser Buyer until such Total Assets are Transferred or leased at the Closing, which transfer, once it has occurred, will be deemed effective for tax, accounting and other computational purposes as of 11:59 P.M. (Pacific Time) the close of business on the Closing Date.

Passage of Title and Risk of Loss. Legal title, equitable title and risk of loss with respect to the Total Assets will not pass to Purchaser until such Total the Assets are Transferred or leased at the Closing, which transferTransfer, once it has occurred, will be deemed effective for taxTax, accounting and other computational purposes as of 11:59 P.M. p.m. (Pacific TimeNew York City time) on the Closing Date.

Passage of Title and Risk of Loss. Legal title, equitable title and risk of loss with respect to the Total Purchased Assets will shall not pass to Purchaser until such Total the Purchased Assets are Transferred or leased at the Closing, which transferTransfer, once it has occurred, will shall be deemed effective for tax, accounting and other computational purposes as of 11:59 P.M. (Pacific Time) p.m., Eastern time, on the Closing Date.