Trust Regarding Assets Not Conveyed. Should any of the Purchased Assets intended to be transferred or assigned hereunder not be transferred or assigned to the Purchaser at the completion of the Closing on the Closing Date, the Vendor shall hold as bare trustee in trust for, and at the sole cost of the Purchaser, all such Purchased Assets from the commencement of business on the Closing Date until such Purchased Assets are effectively transferred or assigned to the Purchaser.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Mdu Communications International Inc), Asset Purchase Agreement (Mdu Communications International Inc)
Trust Regarding Assets Not Conveyed. Should any of the Purchased Assets --------------------------------------- intended to be transferred or assigned hereunder not be transferred or assigned to the Purchaser at the completion of the Closing on the Closing Date, the Vendor shall hold as bare trustee in trust for, and at the sole cost of the Purchaser, all such Purchased Assets from the commencement of business on the Closing Date until such Purchased Assets are effectively transferred or assigned to the Purchasertransferred.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Eapi Entertainment Inc), Asset Purchase Agreement (Eapi Entertainment Inc)
Trust Regarding Assets Not Conveyed. Should any of the Purchased Assets intended to be transferred or assigned hereunder not be transferred or assigned to the Purchaser at the completion of the Closing on the Closing Date, the Vendor shall hold as bare trustee in trust for, and at the sole cost of the Purchaser, all such Purchased Assets from the commencement of business on the Closing Date until such Purchased Assets are effectively transferred or assigned to the Purchasertransferred.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Global Green Solutions Inc.), Asset Purchase Agreement (Global Green Solutions Inc.)
Trust Regarding Assets Not Conveyed. Should any of the Purchased Assets intended to be transferred or assigned hereunder not be transferred or assigned to the Purchaser at the completion of the Closing on the Closing Date, the Vendor shall hold all such assets as bare trustee in trust for, and at for the sole cost of the Purchaser, all such Purchased Assets Purchaser from the commencement of business on the Closing Date until such Purchased Assets are effectively transferred or assigned to the Purchasertransferred.
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