Common use of Transfer of Possession Clause in Contracts

Transfer of Possession. Subject to compliance with the terms and conditions hereof, the transfer of possession of the Purchased Assets shall be deemed to take effect as at the close of business on the Closing Date.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Securac Corp), Asset Purchase Agreement (Securac Corp)

Transfer of Possession. Subject to compliance with the terms and conditions hereof, the transfer of possession of the Purchased Assets shall be deemed to take effect as at the close Time of business on the Closing DateClosing.

Appears in 2 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement

Transfer of Possession. Subject to compliance with the terms and conditions hereof, the transfer of title and possession of the Purchased Assets shall will pass to the Purchaser and will be deemed to take effect as of the Closing Date at the close of business on the Closing DateTime.

Appears in 1 contract

Sources: Asset Purchase Agreement (Legend Oil & Gas, Ltd.)