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.
Appears in 2 contracts
Sources: Initial Assets Purchase Agreement (Paramount Energy Trust), Initial Assets Purchase Agreement (Paramount Energy Trust)
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 completion of the Assets will not pass to the Purchaser until the Closing TimeClosing.
Appears in 2 contracts
Sources: Mineral Claim Purchase and Sale Agreement (Tyler Resources Inc /Fi), Sale Agreement (CDG Investments Inc)