Title of Designated Securities Clause Samples

The "Title of Designated Securities" clause establishes who holds legal ownership of specific securities referenced in an agreement. Typically, this clause clarifies when and how the title to these securities transfers from the seller to the buyer, such as upon delivery, payment, or at a specified closing date. By clearly defining the point at which ownership changes hands, the clause helps prevent disputes over rights, responsibilities, and risk associated with the securities, ensuring both parties understand when their respective obligations begin and end.