Transfer of Possession Sample Clauses
The Transfer of Possession clause defines the point at which physical control of goods, property, or assets is handed from one party to another. Typically, this clause specifies the conditions, timing, and method for the transfer, such as upon delivery at a specified location or after certain obligations are met. Its core function is to clearly establish when responsibility for the item shifts, thereby reducing disputes over loss, damage, or liability during the transition.
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Transfer of Possession. Possession of the Property shall be transferred to Purchaser at the time of Closing subject to the Permitted Exceptions.
Transfer of Possession. Possession of the Property shall be transferred to Purchaser at the time of Closing subject to the Permitted Encumbrances.
Transfer of Possession. As of the Closing Date, the Sellers shall give Purchaser full possession and ownership of the Shares.
Transfer of Possession. To the extent required by applicable Gaming Laws or Gaming Authorities, the Sellers and the Buyer shall prepare a detailed closing memorandum and submit it to the applicable Gaming Authorities with sufficient time to allow their review and approval and completion of the items set forth in such closing memorandum prior to the Closing Date.
Transfer of Possession. Simultaneously with the Effective Time, the Seller shall give the Buyer full possession and enjoyment of the Purchased Assets.
Transfer of Possession. Except as expressly set forth in this Section 4.2, on the Closing Date, Seller Parties shall place Buyer or one of its Affiliates as designated by Buyer in full possession of the Assets and shall execute such assignments, assumptions and other instruments of transfer, in form and substance reasonably satisfactory to Buyer, with such other appropriate instruments of title and consents of third parties as Buyer shall reasonably request in order to effectively transfer the Assets to Buyer as designated by Buyer, including (i) one or more Assignment and Assumption Agreements in substantially the form of Exhibit A attached hereto (the “Assumption Agreement”), (ii) one or more Bills of Sale in substantially the form of Exhibit B attached hereto (the “▇▇▇▇ of Sale”), and (iii) one or more IP Assignment Agreements in substantially the form of Exhibit C attached hereto (the “IP Assignment Agreement”). The Assets shall be delivered via electronic transmission to the extent practicable. On the Closing Date, Seller Parties shall make all other Assets available for Buyer or one of its Affiliates as designated by Buyer to take physical possession at the Closing. If and to the extent that, from and after the Closing, Seller Parties or Buyer discovers any Assets that should have been conveyed and delivered to Buyer at the Closing pursuant hereto but were not so conveyed and delivered at the Closing, Seller Parties shall convey and deliver such Assets to Buyer or one of its Affiliates as designated by Buyer as soon as reasonably practicable after the discovery thereof, in each case without additional consideration paid therefor.
Transfer of Possession. Possession of the Total Assets shall be delivered to Purchaser at the Transfer Time.
Transfer of Possession. Subject to compliance with the terms and conditions hereof, the transfer of possession of the Vendor’s interest in and to the Retail Store Permit shall be deemed to take effect on the Closing Date.
Transfer of Possession. Subject to compliance with the terms and conditions hereof, the transfer of possession of the Purchased Assets shall be deemed to take effect as at the Time of Closing.
Transfer of Possession. The transfer of the Assets from the Vendor to the Purchaser and the assumption of the benefits, obligations and risks associated with the Assets by the Purchaser will be effective as of the Effective Time. As between the parties, possession of the Assets will not pass to the Purchaser until the Closing Time.