RISK AND BENEFIT. 9.1 The risks in and benefit of the Property shall pass to the Purchaser on the Transfer Date, from which date the Purchaser shall be entitled to all benefits flowing from the Property and shall be liable for all expenses in respect of ownership of the Property.
RISK AND BENEFIT. 11.1 All risk in and benefit to the subject shares and subject claims shall pass to the purchaser on the effective date.
RISK AND BENEFIT. Risk and benefit of the Shares shall pass from the Sellers to the Purchaser upon delivery of the Sellers’ respective Share Certificates .
RISK AND BENEFIT. The risk in and benefit of the Sale Shares shall be deemed to have passed from the Sellers to the Purchaser on the Effective Date, notwithstanding the Signature Date and the Completion Date.
RISK AND BENEFIT. Possession of the Property shall be given to the Purchaser on registration of transfer of ownership, from which date the Property shall be at the sole risk, profit or loss of the Purchaser and from which date the Purchaser shall be liable for payment of all Rates and Taxes, Sectional Title Levies or Home Owners Association Levies and other charges relating to the Property. Prepayments made by either Party for any period subsequent to transfer shall be adjusted proportionally. The Seller shall maintain the existing insurance cover on the Property until transfer and will provide his cooperation to institute any claim under such insurance whilst in existence and if so required prior to transfer.
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RISK AND BENEFIT. All the benefits and risks of ownership of the Property shall upon registration of transfer of the Property in favour of the Purchaser, transfer to the Purchaser. The Purchaser will with effect from the Transfer Date, be entitled to all revenue earned in terms of the Rental Agreement.
RISK AND BENEFIT. 7.1 All risk and benefit in and to the shares shall pass to the purchaser as from the effective date.
RISK AND BENEFIT. Subject to the other provisions of this Contract, the risk of and the benefit to the supply of Water Services and the Existing Assets will pass to and be the responsibility of the Concessionaire with effect from the Effective Date. It is recorded that to the extent that any Existing Assets are not delivered on the Effective Date then the risk and benefit in such assets will only pass to the Concessionaire on the date of delivery thereof. The Concessionaire shall not be held liable for any actions or claims which arose or may arise in respect of the Supply of Water Services, the Existing Assets prior to the Effective Date or the date on which they are delivered, whichever is the later, and the Council hereby indemnifies and holds the Concessionaire harmless in respect of any such claim or action. As from the Effective Date or the delivery date whichever is the later the Concessionaire shall be responsible to the Council for the maintenance and safekeeping of all the Concession Assets connected to or associated with the Works and shall subject to the provisions of the Contract assume all risks, Liabilities and obligations pertaining to the design, operation, maintenance, acquisition, financing and construction of the existing and New Assets connected to or associated with the Works.
RISK AND BENEFIT. All risk and benefit in and to the Preference Shares so sold shall pass to the Purchaser on the Payment Date.
