Common use of Transfer of Legal Title Clause in Contracts

Transfer of Legal Title. All parties acknowledge and agree that the legal transfer of the TD Assets will occur on the later of immediately after the IPO Closing Date and the date on which the last Material Consent is obtained, but in any event the Parties acknowledge that the Transferee is entitled to receive the net economic benefit derived from the operation of the Service Operations from and after the Effective Time, as provided in Section 2.1.

Transfer of Legal Title. All parties Parties acknowledge and agree that the legal transfer of the TD TDSI Assets will occur on the later of immediately after the IPO Closing Date and the date on which the last Material Consent is obtained, but in any event the Parties acknowledge that the Transferee TDSI Transferor is entitled to receive the net economic benefit derived from the operation of the Service Operations Transferred Business from and after the Effective Time, as provided in Section 2.1.. 19

Transfer of Legal Title. All parties Parties acknowledge and agree that the legal transfer of the TD TDSI Assets will occur on the later of immediately after the IPO Closing Date and the date on which the last Material Consent is obtained, but in any event the Parties acknowledge that the Transferee TDSI Transferor is entitled to receive the net economic benefit derived from the operation of the Service Operations Transferred Business from and after the Effective Time, as provided in Section 2.1.

Transfer of Legal Title. All parties Parties acknowledge and agree that the legal transfer of the TD TDSI Assets will occur on the later of immediately after the IPO Closing Date and the date on which the last Material Consent is obtained, but in any event the Parties acknowledge that the Transferee TDSI Transferor is entitled to receive the net economic benefit derived from the operation of the Service Operations Transferred Business from and after the Effective Time, as provided in Section 2.1.. 21

Transfer of Legal Title. All parties acknowledge and agree that the legal transfer of the TD Assets will occur on the later of immediately after the IPO Closing Date and the date on which the last Material Consent is obtained, but in any event the Parties acknowledge that the Transferee is entitled to receive the net economic benefit derived from the operation of the Service Operations from and after the Effective Time, as provided in Section 2.1.