Common use of Possession; Risk of Loss Clause in Contracts

Possession; Risk of Loss. As of the Possession Time, Seller shall deliver to Buyer exclusive possession and control of the Assets. Seller agrees to cooperate with Buyer to facilitate the transition of the ownership and (if applicable) operation of the Assets to Buyer. As between Seller and Buyer, and subject to the terms of Sections 2.4 and 2.5, Seller shall, severally according to their respective ownership interests in the Assets and not jointly, assume and bear all risk of loss associated with the Assets prior to the Possession Time, and Buyer shall assume and bear all risk of loss associated with the Assets from and after the Possession Time.

Possession; Risk of Loss. As of the Possession Time, Seller Sellers shall deliver to Buyer exclusive possession and control of the Assets. Seller agrees Sellers agree to cooperate with Buyer to facilitate the transition of the ownership and (if applicable) operation of the Assets to BuyerBuyer and the transition of operator status to Buyer with regard to the Assets. As between Seller Sellers and Buyer, and subject to the terms of Sections 2.4 and 2.5, Seller Sellers shall, severally according to their respective ownership interests in the Assets and not jointly, assume and bear all risk of loss associated with the Assets prior to the Possession Time, and Buyer shall assume and bear all risk of loss associated with the Assets from and after the Possession Time.

Possession; Risk of Loss. As of the Possession Time, Seller Sellers shall deliver to Buyer exclusive possession and control of the Assets. Seller agrees Sellers agree to cooperate with Buyer to facilitate the transition of the ownership and (if applicable) operation of the Assets to Buyer. As between Seller Sellers and Buyer, and subject to the terms of Sections 2.4 and 2.5, each Seller shall, severally according to their its respective ownership interests in the Assets and not jointly, assume and bear all risk of loss associated with the Assets prior to the Possession Time, and Buyer shall assume and bear all risk of loss associated with the Assets from and after the Possession Time.