No Equitable Conversion Sample Clauses
The "No Equitable Conversion" clause establishes that the buyer does not obtain any equitable interest in the property until the transaction is fully completed, typically at closing. In practice, this means that even after signing a purchase agreement, the seller retains both legal and equitable ownership until all contractual conditions are satisfied and the transfer is finalized. This clause is important because it prevents the buyer from claiming rights to the property before closing, thereby protecting the seller from risks such as liability for damage or loss to the property during the interim period.
No Equitable Conversion. Prior to the Closing, neither the execution of this Agreement nor the performance of any provision contained herein shall cause any party hereto to be or become liable in any respect for the operations of the business of any other party, or the condition or property owned by any other party, for compliance with any applicable laws, requirements, or regulations of, or taxes, assessments, or other charges now or hereafter due to any governmental authority, or for any other charges or expenses whatsoever pertaining to the conduct of the business or the ownership, title, possession, use, or occupancy of any other party.
No Equitable Conversion. Prior to the Closing, neither the execution of this Agreement nor the performance of any provision contained herein shall cause Purchaser to become liable for any aspect or obligation of relating to the Assets or the Business.
No Equitable Conversion. Prior to the Effective Time, neither the execution of this Agreement nor the performance of any provision contained herein shall cause either Summa, on the one hand, or Calnetics, on the other hand, to be or become liable for or in respect of the operations or business of the other, for the cost of any labor or materials furnished to or purchased by the other, for compliance with any laws, requirements or regulations of, or taxes, assessments or other charges now or hereafter due to, any governmental authority, or for any other charges or expenses whatsoever pertaining to the conduct of the business or the ownership, title, possession, use or occupancy of the property of the other.
No Equitable Conversion. Prior to the Closing Date, neither the execution of this Agreement nor the performance of any provision contained herein shall cause either Sellers, on the one hand, or Buyer, on the other hand, to be or become liable for or in respect of the operations or business of the other, for the cost of any labor or materials furnished to or purchased by the other, for compliance with any laws, requirements or regulations of, or taxes, assessments or other charges now or hereafter due to, any governmental authority, or for any other charges or expenses whatsoever pertaining to the conduct of the business or the ownership, title, possession, use or occupancy of the property of the other.
No Equitable Conversion. Prior to the Closing Date, neither the ----------------------- execution of this Agreement nor the performance of any provision contained herein shall cause either the Company, on the one hand, or Falcon, on the other hand, to be or become liable for or in respect of the operations or business of the other, for the cost of any labor or materials furnished to or purchased by the other, for compliance with any laws, requirements or regulations of, or taxes, assessments or other charges now or hereafter due to, any governmental authority, or for any other charges or expenses whatsoever pertaining to the conduct of the business or the ownership, title, possession, use or occupancy of the property of the other.
No Equitable Conversion. Prior to the Closing Date, neither the execution of this Agreement nor the performance of any provision contained herein shall cause either Seller and PMI, on the one hand, or Buyer and Parent, on the other hand, to be or become liable for or in respect of the operations or business of the other, for the cost of any labor or materials furnished to or purchased by the other, for compliance with any laws, requirements or regulations of, or taxes, assessments or other charges now or hereafter due to, any governmental authority, or for any other charges or expenses whatsoever pertaining to the conduct of the business or the ownership, title, possession, use or occupancy of the property of the other.
No Equitable Conversion. Prior to the Closing, neither the ----------------------- execution of this Agreement nor the performance of any provision contained herein shall cause either Buyer, on the one hand, or the Company or Seller, on the other hand, to be or become liable for or in respect of the operations or business of the other, for the cost of any labor or materials furnished to or purchased by the other, for compliance with any laws, requirements or regulations of, or taxes, assessments or other charges now or hereafter due to, any governmental authority, or for any other charges or expenses whatsoever pertaining to the conduct of the business or the ownership, title, possession, use or occupancy of the property of the other, and each hereby agrees to indemnify and hold the other harmless from any such liability.
No Equitable Conversion. Prior to the Closing Date, neither the execution of this Agreement nor the performance of any provision contained herein shall cause Seller or Buyer to be or become liable for or in respect of the operations or business of the other, for the cost of any labor or materials furnished to or purchased by the other, for compliance with any laws, requirements or regulations of, or taxes, assessments or other charges now or hereafter due to, any governmental authority, or for any other charges or expenses whatsoever pertaining to the conduct of the Micro Irrigation Business or the ownership, title, possession, use or occupancy of the property of the other.
No Equitable Conversion. Before the Closing, neither the ----------------------- execution of this Agreement nor the performance of any provision contained herein shall cause Buyer to become liable for (i) the operations of the Company or the business of the Company; (ii) the condition of the Company's assets; (iii) the cost of any labor or materials furnished to any such property; (iv) compliance with any laws, requirements, or regulations of, or taxes, or assessments or other charges now or hereafter due to, any governmental authority; or (v) for any other charges or expenses whatsoever pertaining to the conduct of the Company's business or the ownership, title, possession, use or occupancy of the property of the Company.
No Equitable Conversion. Prior to the Closing, neither the execution of this Agreement nor the performance of any provision contained herein shall cause either TouchStone, on the one hand, or the Company or any of the Sellers, on the other hand, to be or become liable for or in respect of the operations or business of the other, for the cost of any labor or materials furnished to or purchased by the other, for compliance with any laws, requirements or regulations of, or taxes, assessments or other charges now or hereafter due to, any governmental authority, or for any other charges or expenses whatsoever pertaining to the conduct of the business or the ownership, title, possession, use or occupancy of the property of the other, and each hereby agrees to indemnify and hold the other harmless from any such liability.