Assignment in Trust Sample Clauses

Assignment in Trust. The Vendor acknowledges he shall transfer, assign and release over to MDEX all of the right, title, benefit and interest of the Vendor in the Assets, and that, with respect to those Assets of which the transfer of legal ownership has not yet been affected, the Vendor will hold such Asset or Assets in trust for MDEX and the benefits derived thereunder will upon the Parties executing this Agreement be the property of MDEX.

Assignment in Trust. It is acknowledged that the Vendor has transferred, assigned and set over to the Company all of the right, title, benefit and interest of the Vendor in the Properties, and that, with respect to the Properties of which the transfer of legal ownership has not yet been affected, does hereby hold such Properties in trust for the Company and the benefits derived thereunder shall be for the account of the Company. The Company shall have received at the time of Closing: (a) such instruments of sale, transfer, conveyance, assignment or delivery, in registrable or recordable form or otherwise, in respect of the Properties or any part thereof as the Company may reasonably require to assure the full and effective sale, transfer, conveyance, assignment or delivery to it of the interest of the Vendor in and to the Properties to be transferred under this Agreement, in each case in form and substance satisfactory to the Company; and (b) such other documents, certificates and other instruments dated as of the Closing as would be usual in respect of the transactions contemplated herein or as the Company may reasonably require.

Assignment in Trust. The Vendor acknowledges that it has transferred, assigned and set over to SPGX all of the right, title, benefit and interest of the Vendor in the Assets, and that, with respect to those Assets of which the transfer of legal ownership has not yet been affected, the Vendor will hold such Asset or Assets in trust for SPGX and the benefits derived thereunder will be for the account of SPGX.