Completion of Transfers. The entire beneficial interest in and to, and the risk of loss with respect to, the Purchased Assets and the Assumed Liabilities, shall, regardless of when legal title thereto shall be transferred to the Buyer, pass to the Buyer as of the Closing. All operations with respect to the Purchased Assets and Assumed Liabilities, once the Closing has occurred, and beginning at the Closing, shall be for the account of the Buyer.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Scotts Miracle-Gro Co), Asset Purchase Agreement
Completion of Transfers. The entire beneficial interest in and to, and the risk of loss with respect to, the Purchased Assets and the Assumed Liabilities, shall, regardless of when legal title thereto Liabilities shall be transferred to the Buyer, pass to the Buyer as of the Closing, regardless of when legal title thereto is transferred to the Buyer. All operations with respect of the Business and the Company prior to Closing shall be for the Purchased Assets account of the Company, and Assumed Liabilities, once all operations of the Business after the Closing has occurred, and beginning at the Closing, shall be for the account of the Buyer.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Sonoma Pharmaceuticals, Inc.)