Common use of Risk of Loss and Damage Prior to Closing Clause in Contracts

Risk of Loss and Damage Prior to Closing. Risk of loss of the Royalties shall pass to the Purchaser at the Closing, except as otherwise provided in this Agreement. The Vendors shall bear all risk of loss or impairment of the Royalties until the Closing and the Purchaser shall bear all risk of loss or impairment of the Royalties after the Closing, except as otherwise provided in this Agreement.

Appears in 2 contracts

Samples: Royalty Purchase Agreement, Royalty Purchase Agreement (International Royalty Corp)

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Risk of Loss and Damage Prior to Closing. Risk of loss of the Royalties shall pass to the Purchaser at the Closing, except as otherwise provided in this Agreement. The Vendors and the Vendor shall bear all risk of loss or impairment of the Royalties until the Closing and the Purchaser shall bear all such risk of loss or impairment of the Royalties after the Closing, except as otherwise provided in this Agreement.

Appears in 1 contract

Samples: Royalty Purchase Agreement (International Royalty Corp)

Risk of Loss and Damage Prior to Closing. Risk of loss of the Royalties shall pass to the Purchaser at the Closing, except as otherwise provided in this Agreement. The and each of the Vendors shall bear all risk of loss or impairment of the Royalties until the Closing and the Purchaser shall bear all such risk of loss or impairment of the Royalties after the Closing, except as otherwise provided in this Agreement.

Appears in 1 contract

Samples: Royalty Purchase Agreement (International Royalty Corp)

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Risk of Loss and Damage Prior to Closing. Risk of loss of the Royalties shall pass to the Purchaser at the Closing, except as otherwise provided in this Agreement. The and each of the Vendors shall bear all risk of loss or impairment of the Royalties until the Closing and the Purchaser shall bear all such risk of loss or impairment of the Royalties after the Closing, except as otherwise provided in this Agreement.. DM_VAN/237461-00001/6307197.2

Appears in 1 contract

Samples: Royalty Purchase Agreement (International Royalty Corp)

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