Common use of Trust Regarding Assets Not Conveyed Clause in Contracts

Trust Regarding Assets Not Conveyed. Should any of the Assets intended to be transferred hereunder not be transferred 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 Assets from the commencement of business on the Closing Date until such Assets are effectively transferred.

Appears in 2 contracts

Samples: Employment Agreement (Global Green Solutions Inc.), Asset Purchase Agreement (Global Green Solutions Inc.)

AutoNDA by SimpleDocs

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 transferredtransferred 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 Assets --------------------------------------- intended to be transferred hereunder not be transferred 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 Assets from the commencement of business on the Closing Date until such Assets are effectively transferred.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Eapi Entertainment Inc), Asset Purchase Agreement (Eapi Entertainment Inc)

AutoNDA by SimpleDocs

Trust Regarding Assets Not Conveyed. Should any of the Assets intended to be transferred hereunder not be transferred 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 Assets Purchaser from the commencement of business on the Closing Date until such Assets are effectively transferred.

Appears in 1 contract

Samples: Purchase Agreement (Halo Resources LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!