Common use of Possession at Closing Clause in Contracts

Possession at Closing. Possession of the Property shall be on the date of closing and Seller shall have any risk of casualty loss prior to said date, and Buyer the risk of casualty loss on and after that date. Buyer shall be permitted to come upon the Leases to make such inspections of the Property as it may reasonably desire. Nothing shall be removed from the Leases while making such inspections and respect must be paid to the landowner rights.

Appears in 4 contracts

Samples: Purchase, Sale and Capital Contribution Agreement (Viking Energy Group, Inc.), Purchase, Sale and Capital Contribution Agreement (Viking Energy Group, Inc.), Purchase, Sale and Capital Contribution Agreement (Viking Energy Group, Inc.)

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Possession at Closing. Possession of the Property shall be on the date of closing and Seller Sellers shall have any risk of casualty loss prior to said date, and Buyer the risk of casualty loss on and after that date. Buyer shall be permitted to come upon the Leases to make such inspections of the Property as it may reasonably desire. Nothing shall be removed from the Leases while making such inspections and respect must be paid to the landowner rights.

Appears in 1 contract

Samples: Purchase, Sale And (Viking Investments Group, Inc.)

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