Passage of Title and Risk of Loss. Legal title, equitable title, and risk of loss with respect to the property and rights to be transferred hereunder shall not pass to Buyer until the property or right is transferred at the Closing and possession thereof is delivered to Buyer.
Passage of Title and Risk of Loss. Legal title, equitable title and risk of loss with respect to the Acquired Assets will not pass to Buyer until the Acquired Assets are transferred at the Closing.
Passage of Title and Risk of Loss. Legal title, equitable title and risk of loss with respect to the Assets will not pass to Purchaser until such Assets are Transferred at the Closing, which transfer, once it has occurred, will be deemed effective for tax, accounting and other computational purposes as of 11:59 P.M. (Eastern Time) on the Closing Date.
Passage of Title and Risk of Loss. Legal and equitable title and risk of loss with respect to the Purchased Assets will not pass to Buyer until such assets are transferred on the Closing Date.
Passage of Title and Risk of Loss. Legal and equitable title to, and risk of loss with respect to, the Purchased Assets shall not pass to Purchaser until the Closing occurs.
Passage of Title and Risk of Loss title to wood products sold under this contract shall remain in government and shall not pass to purchaser until such wood products have been paid for, measured, and removed from the contract area. Unless cut wood products are sold under this contract, risk of loss shall be borne by purchaser after the wood products are cut; Provided, however, that if loss results from a fire which was not caused by Purchaser, Purchaser’s contractors, subcontractors, or the employees of any of them, the risk of loss shall be borne by the party holding title. if cut wood products are sold under this contract, risk of loss shall be borne by the party holding title. risk of loss to government shall not exceed the value of such wood products computed at the unit prices per species or for all species included as set forth in Exhibit B. nothing herein shall be construed to relieve either party from liability for any breach of contract or any wrongful or negligent act. as used in this section, the term cut wood products refers only to wood products which have been felled, bucked, piled at a loading point, or otherwise severed by direct human activity prior to the date this contract was entered into.
Passage of Title and Risk of Loss. Legal title, equitable title and risk of loss with respect to the Total Assets will not pass to Purchaser until such Total Assets are Transferred or leased at the Closing, which transfer, once it has occurred, will be deemed effective for tax, accounting and other computational purposes as of 11:59 P.M. (Pacific Time) on the Closing Date.
Passage of Title and Risk of Loss. Legal title, equitable title, and risk of loss in respect of the Purchased Assets will pass to the Purchaser at the Closing, which transfer, once it has occurred, will be deemed effective for tax, accounting, and other computational purposes as of the Effective Time.
Passage of Title and Risk of Loss. 12.1 Unless otherwise expressly stated herein or agreed to by both Parties in writing, title to all equipment or goods, or portions thereof, which are specified by the Agreement as deliverables to the COMPANY, if applicable, shall pass to the COMPANY upon its delivery to the carrier FOB or to the COMPANY, whichever occurs first. The COMPANY makes no warranty, guaranty, or representation with respect to ownership of, or title to, goods, products, or equipment, in whole or in part, and the COMPANY does not purport to grant any license to NINE MILE or its Affiliates, with respect to any third party trademark, patent, or other intellectual property right in connection with the goods, products, or equipment, whether or not such third party property is contained in or comprises such goods, products, or equipment, in whole or in part.
Passage of Title and Risk of Loss. Legal title, equitable title ----------------------------------- and risk of loss with respect to the Purchased Assets shall not pass to Buyer until the property or right is transferred at the Closing and possession thereof is delivered to Buyer.
