RISK AND BENEFIT Sample Clauses

RISK AND BENEFIT. Possession of the Property shall be given to the Purchaser on registration of transfer of ownership, from which date the Property shall be at the sole risk, profit or loss of the Purchaser and from which date the Purchaser shall be liable for payment of all Rates and Taxes, Sectional Title Levies or Home Owners Association Levies and other charges relating to the Property. Prepayments made by either Party for any period subsequent to transfer shall be adjusted proportionally. The Seller shall maintain the existing insurance cover on the Property until transfer and will provide his cooperation to institute any claim under such insurance whilst in existence and if so required prior to transfer.

RISK AND BENEFIT. 11.1 All risk in and benefit to the subject shares and subject claims shall pass to the purchaser on the effective date. 11.2 Ownership of the subject shares and subject claims shall pass to the purchaser with effect from the effective date.

RISK AND BENEFIT. Risk and benefit of the Shares shall pass from the Sellers to the Purchaser upon delivery of the Sellers’ respective Share Certificates .

RISK AND BENEFIT. The risk and benefit in the Immovable Property shall pass from the Seller to the Purchaser on the Effective Date.

RISK AND BENEFIT. The risk in and benefit of the Sale Shares shall be deemed to have passed from the Sellers to the Purchaser on the Effective Date, notwithstanding the Signature Date and the Completion Date.

RISK AND BENEFIT. 5.1 The risks in and benefit of the PROPERTY shall pass to the PURCHASER on the TRANSFER DATE, from which date the PURCHASER shall be entitled to all benefits flowing from the PROPERTY and shall be liable for all outgoings in respect of ownership of the PROPERTY. 5.2 As at the TRANSFER DATE, the CONVEYANCER shall account for the necessary adjustments in respect of the liabilities and entitlements of the PURCHASER and SELLER in respect of, but not restricted to, all income, outgoings, interest, rates and other charges relating to the PROPERTY and this transaction. The CONVEYANCER is hereby authorised to make any payment or deduction necessary in accordance with such adjustment from funds held by the CONVEYANCER.

RISK AND BENEFIT. 9.1 The risks in and benefit of the Property shall pass to the Purchaser on the Transfer Date, from which date the Purchaser shall be entitled to all benefits flowing from the Property and shall be liable for all expenses in respect of ownership of the Property. 9.2 As at the Transfer Date, the Conveyancers shall account for the necessary adjustments in respect of the liabilities and entitlements of the parties in respect of, but not restricted to, all income, expenses, interest, rates and other charges relating to the Property and this transaction. The parties agree that the Conveyancers may make any payment or deduction necessary in accordance with such adjustment from funds held by the Conveyancers.

RISK AND BENEFIT. All the benefits and risks of ownership of the Property shall upon registration of transfer of the Property in favour of the Purchaser, transfer to the Purchaser. The Purchaser will with effect from the Transfer Date be entitled to all revenue earned in terms of the Rental Agreement.

RISK AND BENEFIT. 6.1 Although ownership of the Business shall pass to the Purchaser on the Effective Date, in view of the Licence, the risk and benefit of and to the Business shall pass to the Purchaser with effect on the Termination Date. 6.2 From the Termination Date the Seller: 6.2.1 Cedes its rights, title and interest in all Lease Agreements and Advertisement Agreements to the Purchaser; and 6.2.2 Assigns all its obligations in terms of all Lease Agreements and Advertisement Agreements to the Purchaser. 6.3 The Purchaser shall ensure that the Assets, and the Premises are comprehensively insured from the Termination Date.