Vesting of Property Sample Clauses

Vesting of Property. 5. Upon the delivery of a Receiver's Certificate to the Purchaser (or its nominee), substantially in the form attached as Schedule “A” hereto (the “Receiver’s Certificate”), subject only to approval of the transfer of applicable licenses, permits and approvals by the Saskatchewan Ministry of the Economy (the “Energy Regulator”), subject to legislation administered by the Energy Regulator, all of the Debtor’s right, title and interest in and to the Purchased Assets as described in the APA including those listed on Schedule “B” hereto shall vest absolutely in the Purchaser (or its nominee), as contemplated by the APA, free and clear of and from any and all security interests (whether contractual, statutory, registered or otherwise), hypothecs, caveats, interests, mortgages, trusts or deemed trusts (whether contractual, statutory, registered or otherwise), liens (whether contractual, statutory, registered or otherwise), encumbrances, executions, levies, charges (whether contractual, statutory, registered or otherwise), or other financial or monetary claims, assignments, actions, taxes (whether contractual, statutory, registered or otherwise), judgments, writs of execution, options, agreements, disputes, debts, debentures, easements, covenants, encumbrances or other rights, limitations or restrictions of any nature whatsoever including, without limitation, any rights or interests of any creditors of the Debtor, whether or not they have attached or been perfected, registered or filed and whether secured, unsecured, registered or otherwise and whether by payment, set off or otherwise, whether liquidated, unliquidated or contingent (collectively, the "Claims") including, without limiting the generality of the foregoing:
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Vesting of Property. The Merger shall have the effect described in Section 0-000-000 of the Act. Without limiting the generality of the foregoing, at the Effective Time, all rights, privileges, including specifically the attorney-client privilege, and powers of each of CWPDA and AGUA, all real, personal, and mixed property, and all obligations due to each of CWPDA and AGUA, as well as all other things and causes of action of each of CWPDA and AGUA, shall vest as a matter of law in the Surviving Entity and are thereafter the rights, privileges, powers, and property of, and obligations due to, the Surviving Entity. REPRESENTATIONS AND WARRANTIES
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Vesting of Property. 27. The Commission shall on the operative date be entitled as beneficial owner to the goods, equipment, fixtures and other property arising from the performance of the Railway Construction Agreement specified in the Fourth Schedule.
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Vesting of Property. (a) Upon satisfaction of the conditions set out in Section 2.1 (which, for greater certainty, totals share issuances of 200,000 Shares and exploration expenditures of $200,000), the First Option will be deemed to be exercised, and a 30% beneficial right, title and interest in the Property will automatically vest in Maverick, free and clear of all encumbrances.
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Vesting of Property. 26 9.1 Revesting of Property..........................................................................26 ARTICLE 10 Discharge, Release and Extinguishment of Liens, Claims, Interests and Encumbrances.............26 10.1 Discharge of Debtors...........................................................................26 10.2 Exculpation....................................................................................27 ARTICLE 11 Injunction Against Enforcement of Preconfirmation Claims and Equity Interests..................28 11.1 Injunction Enjoining Holders of Claims Against Equity Interest in Debtors......................28 11.2
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Vesting of Property. 16.1.All property of the Foundation, both movable and immovable, shall vest and be registered in the name of the Foundation and no Trustee or any other person shall have any rights, title or interest in the property of the Foundation.
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Vesting of Property. 5. Upon the delivery of a Monitor’s certificate to the Purchaser (or its nominee) substantially in the form set out in Schedule “A” hereto (the "Monitor's Certificate"), all of the Sellers’ right, title and interest in and to the Acquired Assets described in section 2.1 of the Sale Agreement and listed on Schedule “B” hereto, shall vest absolutely in the name of the Purchaser (or its nominee), free and clear of and from any and all security interests (whether contractual, statutory, or otherwise), hypothecs, caveats, mortgages, trusts or deemed trusts (whether contractual, statutory, or otherwise), liens, executions, levies, charges, or other financial or monetary claims, whether or not they have attached or been perfected, registered or filed and whether secured, unsecured or otherwise (collectively, the “Claims”) including, without limiting the generality of the foregoing:
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Related to Vesting of Property

  • Condition of Property Seller or the originator of the Mortgage Loan inspected or caused to be inspected each related Mortgaged Property within six months of origination of the Mortgage Loan and within twelve months of the Cut-off Date. An engineering report or property condition assessment was prepared in connection with the origination of each Mortgage Loan no more than twelve months prior to the Cut-off Date. To Seller’s knowledge, based solely upon due diligence customarily performed in connection with the origination of comparable mortgage loans, as of the Closing Date, each related Mortgaged Property was free and clear of any material damage (other than (i) deferred maintenance for which escrows were established at origination and (ii) any damage fully covered by insurance) that would affect materially and adversely the use or value of such Mortgaged Property as security for the Mortgage Loan.

  • Release of Property Except as set forth in this Section 2.6, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the Property.

  • Sale of Property If the Premises is sold, the Tenant is to be notified of the new Owner, and if there is a new Manager, their contact details for repairs and maintenance shall be forwarded. If the Premises is conveyed to another party, the new owner: (check one) ☐ - Has the right to terminate this Agreement by providing days’ notice to the Tenant. ☐ - Does not have the right to terminate this Agreement.

  • Operation of Property To continue to operate the Property consistent with past practices.

  • Valuation of Property (i) Should the purchase price specified in the Transfer Notice be payable in property other than cash or evidences of indebtedness, the Holders shall have the right to pay the purchase price in the form of cash equal in amount to the fair market value of such property.

  • Purchase of Property With any cash at any time held by it, to purchase or subscribe for any Authorized Investment (as defined in Section 6.3) and to retain the same in trust.

  • Status of Property (a) The Land and Improvements are not located in an area identified by the Secretary of Housing and Urban Development, or any successor, as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectively, the “Flood Acts”) or, if located within any such area, Borrower has and will maintain the insurance prescribed in Section 3.06 below.

  • Condition of Properties All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s business.

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