Receive Assets Clause Samples
The 'Receive Assets' clause defines the rights and procedures for a party to take possession of specified assets under the agreement. Typically, this clause outlines the types of assets involved, the conditions under which they are to be delivered, and the method or timing of transfer. For example, it may specify that upon completion of certain obligations, one party will receive ownership of equipment, intellectual property, or funds. The core function of this clause is to ensure clarity and certainty regarding the transfer of assets, thereby reducing the risk of disputes over what is to be delivered and when.
Receive Assets. To receive, hold, maintain, administer, collect, invest and re-invest the trust assets, and collect and apply the income, profits, and principal of the Trust in accordance with the terms of this instrument.
Receive Assets. To receive, take possession of, sue for, recover and preserve the assets of the trust, both real and personal, coming to its attention or knowledge, and the rents, issues and profits arising from such assets;
Receive Assets. To receive, hold, maintain, administer, collect, invest ant re-invest the trust assets, and collect and apply the income, profits, and principal of the Trust in accordance with the terms of this instrument.