Transfer of Possession. The transfer of the Purchased Assets from the Vendor to the Purchaser and the assumption of the benefits, obligations and risks associated with the Purchased Assets by the Purchaser will be effective as of the Effective Time. As between the parties, possession of the Purchased Assets will not pass to the Purchaser until the Closing Time.
Appears in 2 contracts
Samples: Take Up Agreement (Paramount Energy Trust), Take Up Agreement (Paramount Energy Trust)
Transfer of Possession. The transfer of the Purchased Assets from the Vendor to the Purchaser and the assumption of the benefits, obligations and risks associated with the Purchased Assets by the Purchaser will be effective as of the Effective Time. As between the parties, possession completion of the Purchased Assets will not pass to the Purchaser until the Closing TimeClosing.
Appears in 2 contracts
Samples: Sale Agreement (CDG Investments Inc), Mineral Claim Purchase and Sale Agreement (Tyler Resources Inc /Fi)
Transfer of Possession. The transfer of the Purchased Assets from the Vendor to the Purchaser and the assumption of the benefits, obligations and risks associated with the Purchased Assets by the Purchaser will be effective as of the Effective Time. As between the parties, possession of the Purchased Assets will not pass to the Purchaser until the Closing Time.
Appears in 2 contracts
Samples: Initial Assets Purchase Agreement (Paramount Energy Trust), Initial Assets Purchase Agreement (Paramount Energy Trust)
Transfer of Possession. The transfer of the Purchased Assets from the Vendor to the Purchaser and the assumption assumptions of the benefits, obligations and risks associated with the Purchased Assets by the Purchaser will be effective as of the Effective Time. As between the parties, possession of the Purchased Assets will not pass to the Purchaser until the Closing Time.
Appears in 1 contract
Samples: Asset Sale Agreement
