RISK AND CONTROL Sample Clauses
RISK AND CONTROL. 11.1. The sole risk in and control pertaining to the PROPERTY shall pass to the PURCHASER upon acceptance of this offer by the SELLER, and from date of acceptance the PURCHASER shall be liable for all imposts levied on the PROPERTY, inclusive of and without limiting the generality hereof, all rates and taxes, licenses and other official and/or municipal charges.
11.2. On date of acceptance all other benefits including rental in respect of the PROPERTY, if any, and risks of ownership in respect of the PROPERTY, shall pass to the PURCHASER who shall insure the PROPERTY and improvements thereon for its full replacement value against risk of loss or damage.
11.3. Any rates and taxes or other amounts paid after the date of acceptance by the SELLER shall be refunded proportionately by the PURCHASER on demand.
RISK AND CONTROL. 6.3.1 Until the Threshold Date, Philips Lighting shall:
(a) maintain Disclosure Controls and Procedures;
(b) maintain Internal Control Over Financial Reporting;
(c) provide to Royal Philips or persons designated by Royal Philips certifications from its relevant officers and employees regarding Disclosure Controls and Procedures and Internal Control Over Financial Reporting (including any change in Internal Control Over Financial Reporting), in accordance with Royal Philips' internal standards, and so as to enable Royal Philips and its management to satisfy requirements on external reporting on internal control as required under IFRS, the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002, US federal securities laws or SEC rules, the Dutch Corporate Governance Code or any other applicable rule or best practice that may apply to Royal Philips from time to time; and
(d) maintain Books and Records.
RISK AND CONTROL. 5.1. All risk, benefit and control pertaining to the items as listed in Annexure “A” shall pass to the Purchaser upon the date on which payment of the full purchase price clears in the Agent’s Trust account.
RISK AND CONTROL. 6.2.1 If Aegon has determined, in accordance with Clause 6.1.2, that it must apply the Equity Accounting Method, then following the Closing Date and until the Threshold Date, ASR shall, based on its current methods and procedures, to the extent necessary for Aegon in order to fulfill its legal and regulatory requirements:
(a) maintain Disclosure Controls and Procedures;
(b) maintain Internal Control Over Financial Reporting; and
(c) cause its management to ascertain the integrity of the information provided by ASR to Aegon in accordance with Clause 6.1.3 and Schedule 6.
RISK AND CONTROL. [1] Risk of damage or loss, and control shall pass to Buyer upon Delivery. [2] Title shall not pass to Buyer until full, unconditional and final payment. [3] Work shall remain, at all relevant time personal or movable property even though it may become attached or affixed to real or immovable property. [4] Buyer agrees not to encumber or suffer a lien upon Work until transfer of title.