Possession, etc Sample Clauses
The 'Possession, etc' clause defines when and how the buyer or tenant is entitled to take physical control of a property or asset. It typically outlines the conditions under which possession is transferred, such as upon completion of payment or fulfillment of contractual obligations, and may address related matters like the transfer of keys, access rights, or responsibility for the property. This clause ensures clarity regarding the exact moment and circumstances under which possession changes hands, thereby reducing disputes and allocating responsibility between the parties.
Possession, etc to take possession of the Charged Assets and to demand and recover all the income arising out of the Charged Assets, by action, distress or otherwise, in the name of either the Chargor or the Security Trustee, to the full extent of the estate or interest which the Chargor could dispose of and to give effectual receipts accordingly for the same, and to take possession of, collect and get in all or any other property assets and rights hereby charged and to take any proceedings in the name of the Chargor or otherwise as may seem expedient and for that purpose to take, defend, discontinue and compromise any proceedings in the name of the Chargor or otherwise;
Possession, etc. Possession of and title to the Assets and Shares will pass at Closing.
Possession, etc. Until payment by the Borrowers to the applicable Fronting Bank of all Obligations with respect to a particular Letter of Credit (including by way of the making of a Loan or creation of an Acceptance in respect of a Disbursement under such Letter of Credit), the Administrative Agent, on behalf of the Lender Parties, shall have the absolute right and title to and the unqualified right to the possession and disposal of, the Goods covered by such Letter of Credit, to the extent not theretofore released to a Borrower (or its designee) on trust or bailee receipt or otherwise, and all Documents issued in respect of the Goods relating to such Letter of Credit, all contracts, contract rights and policies or certificates of insurance specifically relating to such Goods under such Letter of Credit (all of the foregoing shall be referred to herein as the "Subject Property" under such Letter of Credit) and shall be entitled to exercise all rights as an unpaid seller of such Subject Property, in each case subject to the terms of the Intercreditor Agreement.
Possession, etc