Transfer of Possession. The transfer of the Purchased Assets from the Vendor to the Purchaser and the assumption of the benefits, obligations and risks associated with the Purchased Assets by the Purchaser will be effective as of the Effective Time. As between the parties, possession of the Purchased Assets will not pass to the Purchaser until the Closing Time.
Appears in 2 contracts
Samples: Up Agreement (Paramount Energy Trust), Up Agreement (Paramount Energy Trust)
Transfer of Possession. The transfer of the Purchased Assets from the Vendor to the Purchaser and the assumption of the benefits, obligations and risks associated with the Purchased Assets by the Purchaser will be effective as of the Effective Time. As between the parties, possession of the Purchased Assets will not pass to the Purchaser until the Closing Time.
Appears in 2 contracts
Samples: Dealer Manager Agreement (Paramount Energy Trust), Employment Agreement (Paramount Energy Trust)
Transfer of Possession. The transfer of the Purchased Assets from the Vendor to the Purchaser and the assumption assumptions of the benefits, obligations and risks associated with the Purchased Assets by the Purchaser will be effective as of the Effective Time. As between the parties, possession of the Purchased Assets will not pass to the Purchaser until the Closing Time.
Appears in 1 contract
Samples: Asset Sale Agreement
