Common use of TWELVE Clause in Contracts

TWELVE. In the event the Work shall hereafter be transferred or otherwise alienated from Collector or Collector's estate in any manner whatsoever, any transferee taking the Work with notice of this Agreement shall in every respect be bound and liable to perform and fulfill each and every covenant herein as if such transferee had duly made and subscribed a properly executed TRANSFER AGREEMENT AND RECORD in accordance with ARTICLE TWO and ARTICLE FOUR herein at the time the Work was transferred to him or her.

Appears in 3 contracts

Samples: Agreement of Original Transfer of Work of Art, Agreement of Original Transfer of Work of Art, Original Transfer of Work of Art

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TWELVE. In the event the Work shall hereafter be transferred or otherwise alienated from Collector or Collector's estate in any manner whatsoever, any transferee taking the Work with notice of this Agreement shall in every respect be bound and liable to perform and fulfill each and every covenant herein as if such transferee had duly made and subscribed a properly executed TRANSFER AGREEMENT AND RECORD in accordance with ARTICLE TWO and ARTICLE FOUR herein at the time the Work was transferred to him or her. EXPIRATION.

Appears in 2 contracts

Samples: Original Transfer of Work of Art, Original Transfer of Work of Art

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