Possession and Control Sample Clauses
The Possession and Control clause defines which party has the legal right to physically hold and manage an asset or property during the term of an agreement. In practice, this clause specifies who is responsible for safeguarding, maintaining, or using the asset, and may outline procedures for transferring possession or returning the asset at the end of the contract. Its core function is to clearly allocate responsibility and risk associated with the asset, thereby preventing disputes over access, use, or liability during the contractual relationship.
POPULAR SAMPLE Copied 2 times
Possession and Control. The Grantor has exclusive possession and control of its Equipment and Inventory.
Possession and Control. As between the parties hereto, Gatherer shall be deemed to be in control and possession of Shipper's Gas after Gatherer receives Shipper's Gas at any Receipt Point and until Shipper's Gas is delivered at any Delivery Point; provided, however, that Gatherer shall not, by any such possession and control, be deemed to have title to Shipper's Gas it receives. Shipper shall be deemed to be in control and possession of Shipper's Gas at all other times.
Possession and Control. Such Grantor has exclusive possession and control of its Equipment and Inventory, except for property in transit in the ordinary course.
Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the Station, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the Station. On and after the Closing Date, Seller shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the Station.
Possession and Control. Such Grantor has exclusive possession and control of its Equipment and Inventory except where the absence of possession and control results from actions of such Grantor in the ordinary course of business.
Possession and Control. The Grantor has exclusive possession and control of its Equipment and Inventory. Other than the Collateral Agent, no other Person has Control of any of the Collateral.
Possession and Control. The parties acknowledge that the Account is an omnibus account in ▇▇▇▇▇▇’▇ name with shares held by any number of beneficial owners. The parties agree that all Fund shares held by Schwab on behalf an MFMP investor shall be carried in a custody account for the exclusive benefit of customers and shall not be subject to any right, charge, security interest, lien or other claim against Schwab in favor of the Funds or Fund Company.
Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the Station, and such operation, including complete control and supervision of all programs, shall be the sole responsibility of Seller; provided, however, Buyer shall be entitled to inspect the Assets as provided in Section 7.02(h) so that an uninterrupted and efficient transfer of ownership may be effected. On and after the Closing Date, Seller shall have no control over, or right to intervene or participate in, the business and operations of the Station.
Possession and Control. The Equipment shall be deemed to be in the possession and control of the Customer (“Possession and Control”) from the time the Customer accepts delivery of the Equipment at WFWI’s designated location until the Customer returns the Equipment to WFWI at its designated location.
Possession and Control. (a) The name and address of each bailee, processor, warehouseman, consignee or other Person in possession of any of the Inventory or Equipment (each such Person being a "THIRD PARTY") on the date hereof, other than carriers and shippers of Inventory in transit in the ordinary course of Grantor's business, is set forth in ITEM A of SCHEDULE I hereto, together with the address of the location where such Inventory or Equipment is or may be held. Except as otherwise indicated in ITEM A of SCHEDULE I hereto, no Person (other than a Person identified in ITEM A of SCHEDULE I thereto as being a consignee) in possession of any of the Inventory or Equipment conducts a business at the location of such Inventory or Equipment other than a business in the nature of warehousing or transporting goods for others. In the event that any Inventory is in the possession of a Third Party, such Inventory is not evidenced by a negotiable instrument or document.
(b) Except as indicated in clause (a) of this Section, Grantor has exclusive possession and control of the Equipment and Inventory.