Purchase and Sale of the Asset Sample Clauses
The "Purchase and Sale of the Asset" clause defines the agreement between parties for the transfer of ownership of a specified asset from the seller to the buyer. It typically outlines what asset is being sold, the terms of the sale, and any conditions that must be met for the transaction to proceed, such as payment terms or delivery requirements. This clause serves to clearly establish the mutual obligations of both parties, ensuring that the asset is properly identified and that the process for its transfer is unambiguous, thereby reducing the risk of disputes over what is being bought and sold.
Purchase and Sale of the Asset. Subject to the provisions set forth herein, at the Closing, Seller shall sell, convey, assign and transfer to Buyer, and Buyer shall purchase and acquire from Seller, the Asset. The consummation of the transactions contemplated by this Agreement (the “Closing”) shall take place as of [12:00 P.M.] Eastern Time on [_____], 20[__] or at such other time as the Parties may mutually agree (the “Closing Date”).
Purchase and Sale of the Asset. Subject to the terms and conditions of this CONTRACT, the PROPERTY, more specifically described in Section IV, will be transferred and conveyed to BUYER, and BUYER agrees to accept the PROPERTY from COMPANY. ▇▇▇▇▇ agrees to remove the PROPERTY by . For PROPERTY located on a COMPANY WORKSITE, COMPANY hereby grants a temporary licence to BUYER for entry onto COMPANY’s premises in (Asset Location City/State) solely for these purposes. The activities of the BUYER or its SUBCONTRACTORS in performance of the CONTRACT will be performed in accordance with Section III. COMPANY agrees to execute and deliver to BUYER the BILL OF SALE, set out in Section IV. If the PROPERTY is lost or destroyed or otherwise becomes unavailable prior to completion of removal, whether or not due to the negligence or fault of COMPANY or otherwise, then COMPANY will be under no obligation to transfer the PROPERTY to BUYER. COMPANY reserves the right to remove any portion of the PROPERTY from the scope of the CONTRACT prior to pick up by BUYER. COMPANY will promptly notify BUYER of COMPANY’s action and will reimburse BUYER for the portion of the sale price of the PROPERTY reasonably determined by COMPANY to be attributable to the portion of the PROPERTY removed.
Purchase and Sale of the Asset. Subject to the terms and conditions of this CONTRACT, the PROPERTY, more specifically described in Section IV, will be transferred and conveyed to BUYER, and BUYER agrees to accept the PROPERTY from COMPANY.
Purchase and Sale of the Asset. (1.a) Subject to the terms and conditions of this CONTRACT, the PROPERTY, more specifically described in Section IV, will be transferred and conveyed to BUYER, and BUYER agrees to accept the PROPERTY from COMPANY.
(1.b) BUYER agrees to remove the PROPERTY by [**date]. For PROPERTY located on a COMPANY WORKSITE, COMPANY hereby grants a temporary licence to BUYER for entry onto COMPANY’s premises in [**name of premises] solely for these purposes.
(1.c) The activities of the BUYER or its SUBCONTRACTORS in performance of the CONTRACT will be performed in accordance with Section III. (1.d) COMPANY agrees to execute and deliver to BUYER the BILL OF SALE, set out in Section IV. If the PROPERTY is lost or destroyed or otherwise becomes unavailable prior to completion of removal, whether or not due to the negligence or fault of COMPANY or otherwise, then COMPANY will be under no obligation to transfer the PROPERTY to BUYER. (1.e) COMPANY reserves the right to remove any portion of the PROPERTY from the scope of the CONTRACT prior to pick up by ▇▇▇▇▇. COMPANY will promptly notify BUYER of COMPANY’s action and will reimburse BUYER for the portion of the sale price of the PROPERTY reasonably determined by COMPANY to be attributable to the portion of the PROPERTY removed.
Purchase and Sale of the Asset. (a) Subject to the terms and conditions of this CONTRACT, the PROPERTY, more specifically described in Section IV, will be transferred and conveyed to BUYER, and BUYER agrees to accept the PROPERTY from COMPANY.
(b) B▇▇▇▇ agrees to remove the PROPERTY by January 31st 2025. For PROPERTY located on a COMPANY WORKSITE, COMPANY hereby grants a temporary licence to BUYER for entry onto COMPANY’s premises in the following locations solely for these purposes: ● Austin, TX ● Dallas, TX ● Houston, TX ● Phoenix, AZ ● San Antonio, TX
(c) The activities of the BUYER or its SUBCONTRACTORS in performance of the CONTRACT will be performed in accordance with Section III.
(d) COMPANY agrees to execute and deliver to BUYER the BILL OF SALE, set out in Section IV. If the PROPERTY is lost or destroyed or otherwise becomes unavailable prior to completion of removal, whether or not due to the negligence or fault of COMPANY or otherwise, then COMPANY will be under no obligation to transfer the PROPERTY to BUYER.
(e) COMPANY reserves the right to remove any portion of the PROPERTY from the scope of the CONTRACT prior to pick up by BUYER. COMPANY will promptly notify BUYER of COMPANY’s action and will reimburse BUYER for the portion of the sale price of the PROPERTY reasonably determined by COMPANY to be attributable to the portion of the PROPERTY removed.