RISK AND POSSESSION Sample Clauses

RISK AND POSSESSION. The unit shall be delivered to the PURCHASER on the occupation date. The risk of profit and loss relating to the unit will vest in the PURCHASER as from the date of occupation. However, the SELLER will be liable for all levies payable to the body corporate and any other rates and taxes legally due until date of registration of transfer. Notwithstanding the aforesaid, ownership of the unit shall only pass to the PURCHASER on date of registration of transfer.
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RISK AND POSSESSION. 7.1 Possession of the PROPERTY shall pass to the PURCHASER upon date of occupation of the PROPERTY and not before.
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RISK AND POSSESSION. CUSTOMER shall be responsible for securing and maintaining all necessary transportation services associated with the transportation of Gas prior to the delivery to COMPANY and subsequent to the delivery to CUSTOMER hereunder, and all related approvals, fees, taxes, levies, charges or expenses (including, without limitation, receipt, delivery or exchange fees) shall be for the account of CUSTOMER.
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RISK AND POSSESSION. The property shall remain at the risk of the Seller until the date of transfer from which date the property shall be at the sole risk of the Purchaser. The Seller undertakes to continue any existing insurance covering the buildings until registration has taken place and any payment made as a result of any insurance claim shall reduce the Purchaser's liability to the Seller.
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RISK AND POSSESSION. 10.1 Possession of the PROPERTY shall only pass to the CESSIONARY upon registration of transfer and not before, provided that clauses 3.1 and
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RISK AND POSSESSION. Possession of the Property shall be given to the Purchaser on registration and all risk, profit and loss in respect of the Property shall pass to the Purchaser upon registration.
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Related to RISK AND POSSESSION

  • Quiet Possession Upon Tenant paying the rent reserved hereunder and observing and performing all of the covenants, conditions and provisions on Tenant's part to be observed and performed hereunder, Tenant shall have quiet possession of the Premises for the entire term hereof, subject to all the provisions of this Lease.

  • DEFAULT AND POSSESSION In the event that the Lessee shall fail to pay said rent, and expenses as set forth herein, or any part thereof, when the same are due and payable, or shall otherwise be in default of any other terms of said Lease for a period of more than 15 days, after receiving notice of said default, then the parties hereto expressly agree and covenant that the Lessor may declare the Lease terminated and may immediately re-enter said Premises and take possession of the same together with any of Lessee’s personal property, equipment or fixtures left on the Premises which items may be held by the Lessor as security for the Lessee’s eventual payment and/or satisfaction of rental defaults or other defaults of Lessee under the Lease. It is further agreed, that if the Lessee is in default, that the Lessor shall be entitled to take any and all action to protect its interest in the personal property and equipment, to prevent the unauthorized removal of said property or equipment which threatened action would be deemed to constitute irreparable harm and injury to the Lessor in violation of its security interest in said items of personal property. Furthermore, in the event of default, the Lessor may expressly undertake all reasonable preparations and efforts to release the Premises including, but not limited to, the removal of all inventory, equipment or leasehold improvements of the Lessee’s, at the Lessee’s expense, without the need to first procure an order of any court to do so, although obligated in the interim to undertake reasonable steps and procedures to safeguard the value of Lessee’s property, including the storage of the same, under reasonable terms and conditions at Lessee’s expense, and, in addition, it is understood that the Lessor may xxx the Lessee for any damages or past rents due and owing and may undertake all and additional legal remedies then available. In the event any legal action has to be instituted to enforce any terms or provisions under this Lease, then the prevailing party in said action shall be entitled to recover a reasonable attorney's fee in addition to all costs of said action. Rent which is in default for more than days after due date shall accrue a payment penalty of one of the following: (Choose One) ☐ - Interest at a rate of percent ( %) per annum on a daily basis until the amount is paid in full. ☐ - Late fee of dollars ($ ) per day until the amount is paid in full. In this regard, all delinquent rental payments made shall be applied first toward interest due and the remaining toward delinquent rental payments.

  • Possession and Use Contractor may possess, use and reproduce Confidential Information solely for the Purpose. Contractor shall not use the Confidential Information for any other purpose.

  • DEEMED POSSESSION It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the date such possession is offered by the Promoter, the Allottee shall be deemed to have taken possession on the 15 days from the date of such notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the possession date (“Possession Date”). On and from the Possession Date:

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