Risk and Loss Prior to Closing. Possession of the Acquired Assets will be given to Buyer at the Closing, and assumption of the Assumed Liabilities will occur at the Closing. Buyer will not acquire any title to the Acquired Assets or assume any of the Assumed Liabilities until possession has been given to it in accordance with this Section 2.8, and, accordingly, all risk and loss with respect to the Acquired Assets will be borne by the Company until possession has been given to Buyer.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Hecla Mining Co/De/), Asset Purchase Agreement (Hecla Mining Co/De/)
Risk and Loss Prior to Closing. Possession Subject to the provisions of Section 3.5.1, possession and title of the Acquired Assets will be given to Buyer at the Closing, and assumption of the Assumed Liabilities will occur at the Closing. Buyer will not acquire any title to the Acquired Assets or assume any of the Assumed Liabilities until possession has been given to it in accordance with this Section 2.8, and, 3.5 and accordingly, all risk and loss with respect to the Acquired Assets will be borne by the Company Sellers until possession has been given to BuyerBuyer at the Closing.
Appears in 1 contract
Risk and Loss Prior to Closing. Possession Subject to the provisions of Section 3.4 A, possession and title of the Acquired Assets will be given to Buyer at the Closing, and assumption of the Assumed Liabilities will occur at the Closing. Buyer will not acquire any title to the Acquired Assets or assume any of the Assumed Liabilities until possession has been given to it in accordance with this Section 2.8, and, 3.4 and accordingly, all risk and loss with respect to the Acquired Assets will be borne by the Company Seller until possession has been given to BuyerBuyer at the Closing.
Appears in 1 contract
Risk and Loss Prior to Closing. Possession Subject to the provisions of Section 3.4.1, possession and title of the Acquired Assets will be given to Buyer at the Closing, and assumption of the Assumed Liabilities will occur at the Closing. Buyer will not acquire any title to the Acquired Assets or assume any of the Assumed Liabilities until possession has been given to it in accordance with this Section 2.8, and, 3.4 and accordingly, all risk and loss with respect to the Acquired Assets will be borne by the Company Sellers until possession has been given to BuyerBuyer at the Closing.
Appears in 1 contract