Common use of Bulbs Clause in Contracts

Bulbs. On the Closing Date, the Purchased Assets will include at a minimum (i) one functioning xenon projector bulb for each auditorium in the Theater, and (ii) six new, unused, spare xenon projector bulbs for the Parsippany Theater and five new, unused, spare xenon projector bulbs for the Succasunna Theater and Sellers shall reimburse Purchasers after Closing for the cost of any missing or non-functioning bulbs on the Closing Date.

Appears in 1 contract

Sources: Asset Purchase Agreement (Clearview Cinema Group Inc)

Bulbs. On the Closing Date, the Purchased Assets will include at a minimum of: one (i1) one functioning xenon projector bulb for each auditorium in the TheaterTheater plus a total of three (3) spare functioning xenon projector bulb (consisting of one 4000 watt xenon bulb and two spare 1600 HS Xenon bulbs), and (ii) six new, unused, spare xenon projector bulbs for the Parsippany Theater and five new, unused, spare xenon projector bulbs for the Succasunna Theater and Sellers Seller shall reimburse Purchasers Purchaser after Closing for the cost of any missing or non-functioning bulbs on the Closing Date.

Appears in 1 contract

Sources: Asset Purchase Agreement (Access Integrated Technologies Inc)