Common use of Terms of Transfer Clause in Contracts

Terms of Transfer. 1. In making the transfer, the Parties recognize that all right or title to and interest in the transferred proceeds of crime or property have already been adjudicated and that no further judicial proceedings are necessary to complete the confiscation. The Party transferring the proceeds of crime or property assumes no liability or responsibility for the proceeds of crime or property once they have been transferred and relinquishes all right or title to and interest in the transferred proceeds of crime or property.11

Terms of Transfer. 1. In making the transfer, the Parties recognize that all right or title to right, title, and interest in to the transferred proceeds of crime or property have assets has already been adjudicated and that no further judicial proceedings are necessary to complete the forfeiture or confiscation. The Party transferring the proceeds of crime or property assumes assets will assume no liability or responsibility for the proceeds of crime or property assets once they have been transferred and relinquishes transferred. Upon transfer, the Holding Party shall relinquish all right or right, title to and interest in the transferred proceeds of crime or property.11assets and shall assume no liability with regard to the assets transferred. Upon transfer, all right, title, and interest in the transferred assets shall vest in the Cooperating Party.

Terms of Transfer. 1. In making the transfer, the Parties recognize that all right or title to and interest in the transferred proceeds of crime or property have already been adjudicated and that no further judicial proceedings are necessary to complete the confiscation. The Party transferring the proceeds of crime or property assumes no liability or responsibility for the proceeds of crime or property once they have been transferred and relinquishes all right or title to and interest in the transferred proceeds of crime or property.11property.6