Possession, Title and Risk. Possession of and title to Natural Gas delivered pursuant hereto shall pass from the Seller to the Purchaser at the Delivery Points when the Natural Gas is accepted by the pipeline for transport for the Purchaser's account and is recorded by the proper metering device. Until such time, the Seller shall be deemed to be in control and possession of, have title to and be responsible for such Natural Gas and, after such time, the Purchaser shall be deemed to be in control and possession of, have title to and be responsible for such Natural Gas.
Possession, Title and Risk. (a) The Customer acknowledges that the Company owns the Equipment and in all circumstances retains title to the Equipment (even if the Customer goes into liquidation or becomes bankrupt during the Hire Period). The Customer‟s rights to use the Equipment are as a bailee only and the Customer does not have any right interest or claim in or over the Equipment except as expressly provided in this Hire Agreement.
(b) Notwithstanding clause 8.1 (a) all risk associated with the Equipment passes to the Customer on delivery or once picked up if the customer supplies transportation.
(c) The Customer is not entitled to offer, sell, assign, sub-let, charge, mortgage, pledge or create any form of security interest over or otherwise deal with the Equipment in any way without the express prior written consent of the Company.
(d) In no circumstances will the Equipment be deemed to be a fixture.
(e) The Customer must not alter the Equipment in any way or change or obscure the identification lettering and numbering on the Equipment.
Possession, Title and Risk. Possession of and title to Gold delivered shall pass from Seller to Purchaser at the Delivery Point when the Gold is accepted by Purchaser or for Purchaser’s account and is weighed and recorded (upon acceptance, such Gold shall be referred to as “Purchaser’s Gold”). Until such acceptance, Seller shall be deemed to be in control and possession of, have title to, and be responsible for all such Gold and, after such time, Purchaser shall be deemed to have title to all such Gold until such time as it is sold to any Third Party Purchaser in accordance with the provisions of Article III of this Agreement. The Gold to be delivered by Seller to Purchaser shall be free and clear of all liens including taxes and royalties for which Seller is responsible, except for those in favor of Purchaser. 2.07
Possession, Title and Risk. (a) Unless BNPP ETC and BNPP ET otherwise agree, possession of and title to any quantities of Crude Oil sold under each Supply Contract shall pass to BNPP ETC in accordance with the terms of the applicable Supply Contract. Possession of and title to any quantities of Crude Oil Delivered pursuant to this Agreement and any Deal Sheet shall pass from BNPP ETC to BNPP ET at such time as such quantities of Crude Oil cross into the United States. Until such time, BNPP ETC shall be deemed to be in control and possession of, have title to, risk of loss of and be responsible for such Crude Oil and, after such time, BNPP ET shall be deemed to be in control and possession of, have title to, risk of loss of and be responsible for such Crude Oil.
Possession, Title and Risk. Possession of and title to Crude Oil delivered pursuant hereto shall pass from Seller to Purchaser at the Delivery Location when the Crude Oil is accepted by the pipeline for transport for Purchaser's account and is recorded by the proper metering device. Until such time, Seller shall be deemed to be in control and possession of, have title to and be responsible for such Crude Oil and, after such time, Purchaser shall be deemed to be in control and possession of, have title to and be responsible for such Crude Oil.
Possession, Title and Risk. Possession of and title to Natural Gas delivered pursuant hereto and the Confirmation Letter shall pass from Seller to Purchaser at the Delivery Points when the Natural Gas is nominated and confirmed for delivery from the pool pursuant to the transporting pipeline's FERC tariff. Until such time, Seller shall be deemed to be in control and possession of, have title to, risk of loss of and be responsible for such Natural Gas and, after such time, Purchaser shall be deemed to be in control and possession of, have title to, risk of loss of and be responsible for such Natural Gas.
Possession, Title and Risk. Possession of and title to Natural Gas delivered pursuant hereto, excluding any Dedicated Gas, shall pass from Seller to Purchaser at the Delivery Points when the Natural Gas is accepted by the pipeline for transport for Purchaser's account and is recorded by the proper metering device (upon acceptance, such Natural Gas, excluding any Dedicated Gas, being "Purchaser Gas"). Until such time, Seller shall be deemed to be in control and possession of, have title to, and be responsible for such Natural Gas and, after such time, Purchaser shall be deemed to have title to such Natural Gas until such time as same is sold to any Third Party Purchaser.
Possession, Title and Risk. Possession of and title to any quantities of Crude Oil Delivered pursuant to this Agreement and any Deal Sheet shall pass from Seller to Purchaser at the relevant Delivery Location when such Crude Oil is either (a) transferred to or delivered into the facilities of Purchaser’s designee at the Delivery Location for the account of Purchaser and such transfer is recorded by the applicable metering device or (b) the transporting Pipeline issues a custody transfer certificate or similar form or the Pipeline enters a notation in the Pipeline’s electronic records. Until such time, Seller shall be deemed to be in control and possession of, have title to, risk of loss of and be responsible for such Crude Oil and, after such time, Purchaser shall be deemed to be in control and possession of, have title to, risk of loss of and be responsible for such Crude Oil.
Possession, Title and Risk. Unless and until the Release of Escrow under Section 5.3(b) and during PCP Sub’s right of recission under Section 5.3(a), (i) the Assets shall remain in the possession of PCP Sub on the premises of Pocono, (ii) title to the Assets shall be vested in NBI, but shall be held by the Escrow Agent pursuant to the terms of the Escrow Agreement, and (iii) risk in the Assets passes to NBI Sub at the Closing.
