Common use of Transfer of Inventory Clause in Contracts

Transfer of Inventory. Purchaser agrees to take --------------------- physical possession of the Inventory as promptly as shall be practicable after the Closing (and in any event within 30 days). Seller agrees that, pending such physical transfer, it will store the Inventory rent-free at the locations at which the Inventory is located at the Closing, and will cooperate with Purchaser in effecting such physical transfer.

Appears in 1 contract

Sources: Asset Purchase Agreement (Franklin Electronic Publishers Inc)

Transfer of Inventory. Purchaser agrees to take --------------------- physical possession of the Inventory as promptly as shall be practicable after the Closing (and in any event within 30 days). Seller agrees that, pending such physical transfer, it will store the Inventory rent-free at the locations at which the Inventory is located at the Closing, and will cooperate with Purchaser in effecting such physical transfer.

Appears in 1 contract

Sources: Asset Purchase Agreement (Insilco Corp/De/)