Common use of Full Possession Clause in Contracts

Full Possession. Subject to the terms and conditions of this Agreement, and subject to the Ancillary Agreements, at the Closing, Seller shall put Buyer and its Affiliates into full and actual possession and enjoyment of the Product and the Assets. The sale of the Product and the Assets contemplated hereby shall be effected by instruments of conveyance, transfer and assignment as Buyer may request that are necessary to vest in Buyer all of the rights, title and interests of Seller in the Product and the Assets as provided herein and to put Buyer in full and actual possession, enjoyment and operating control of the Product and the Assets. *Material has been omitted pursuant to a request for confidential treatment, and such material has been filed separately with the SEC.

Appears in 2 contracts

Sources: Product Acquisition Agreement (Durect Corp), Product Acquisition Agreement (Durect Corp)