Transfer of the Title. (a) Upon the occurrence of the Closing, the Purchaser will acquire title to the Quota, full, exclusive, free and clear of any Encumbrance, as of the Closing Date. (b) The Quota shall be transferred to the Purchaser together with all rights and entitlements relating thereto, including the economic benefit (“godimento regolare”) as of the Closing Date, so that all the profits matured by the Quota after the Closing Date shall be due to the Purchaser.
Appears in 2 contracts
Sources: Quota Sale and Purchase Agreement, Quota Sale and Purchase Agreement (Evoqua Water Technologies Corp.)