Common use of Passage of Title and Risk of Loss Clause in Contracts

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.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Maxco Inc)

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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 Buyer 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.. September 9, 2004 (Steel Mills)

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Gerdau Ameristeel Corp)

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 Buyer 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Gerdau Ameristeel Corp)

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 Buyer 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.. September 9, 2004 (Wire)

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Gerdau Ameristeel Corp)

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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 Buyer 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.. ARTICLE 12

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Quanex Corp)

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