Dismantling Purchased Assets by Buyer Sample Clauses

Dismantling Purchased Assets by Buyer. Parent shall endeavor to secure for the benefit and at the sole cost of the Buyer a lease extension to permit the Business to continue to occupy the premises at its current Lewisville, Texas facility for a period of sixty (60) days after the Closing Date at a total rental (inclusive of utilities) to be not in excess of Seventy-Five Thousand Dollars ($75,000) for the sixty (60) day period. Parent shall advise Buyer of its progress and it shall present to Buyer any offer or proposal from the Owner/Landlord of the Lewisville, Texas facility for consideration by Buyer. It shall be the sole right of Buyer to accept, reject or propose any modified terms for the continued occupancy of the premises by the Business after the Closing Date. Should Buyer accept terms for the continued occupancy of the premises, Buyer will assume and pay for all costs associated with such use and occupancy of the premises. Subject to the above, as soon as possible after the Closing Date, the Buyer shall proceed, at the Buyer's expense, to dismantle, as and if required, and remove the Purchased Assets from the Lewisville Facility; provided, however, that (a) any dismantling, if required, and removal of the Purchased Assets shall occur under the supervision of an authorized representative of the Seller; (b) the dismantling and removal shall be carried out in a workmanlike and expedient manner intended not to disrupt the ordinary course of the Seller's business and during such hours as the parties shall mutually determine to be appropriate for such activity; (c) if the dismantling and removal is carried out by an independent contractor, such independent contractor shall be chosen by, and reasonably acceptable to, all parties; (d) if, in dismantling or removing the Purchased Assets, the Buyer's agents or employees, or the independent contractor selected for such purpose, cause damage or injury to the Seller's other equipment, the Lewisville Facility, or other property (whether such other equipment, the Lewisville Facility, or other property is leased or owned by the Seller), then, the Seller shall provide the Buyer an itemized statement of such damages within ten (10) working days after such damage occurs and the Buyer, at the Buyer's sole expense, shall promptly cause such damage to be repaired and/or the Buyer shall reimburse the Seller for all costs incurred by the Seller to repair such damage. In addition, the Buyer shall defend, indemnify and hold harmless the Seller with respect to a...
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Related to Dismantling Purchased Assets by Buyer

  • Purchased Assets Subject to the terms and conditions of this Agreement, at the Closing, each Seller shall sell, convey, assign, transfer and deliver to the Buyer, and the Buyer shall purchase, free and clear of all Encumbrances, all right, title and interest of such Seller in and to the following Assets (collectively, the “Purchased Assets”):

  • Seller For each Mortgage Loan, the seller of such Mortgage Loan pursuant to the Mortgage Loan Purchase Agreement.

  • Transfer of Purchased Assets At each exercise of the Asset Purchase Option by Party A:

  • Transferred Assets (a) As of the Effective Time (as defined in Section 2.1) and upon the terms and conditions set forth herein, Seller will sell, assign, transfer, convey and deliver to Purchaser, and Purchaser will purchase from Seller, all of the transferable rights, title and interests of Seller in the following assets associated with the Banking Centers and identified in this Agreement and the Schedules and Exhibits hereto, and not otherwise excluded pursuant to the provisions of Subsection 1.1(b):

  • Assets Purchased by Assuming Institution With the exception of certain assets expressly excluded in Sections 3.5 and 3.6, the Assuming Institution hereby purchases from the Receiver, and the Receiver hereby sells, assigns, transfers, conveys, and delivers to the Assuming Institution, all right, title, and interest of the Receiver in and to all of the assets (real, personal and mixed, wherever located and however acquired) including all subsidiaries, joint ventures, partnerships, and any and all other business combinations or arrangements, whether active, inactive, dissolved or terminated, of the Failed Bank whether or not reflected on the books of the Failed Bank as of Bank Closing. Assets are purchased hereunder by the Assuming Institution subject to all liabilities for indebtedness collateralized by Liens affecting such Assets to the extent provided in Section 2.1.

  • Acquired Assets 11 Upon the terms and subject to the conditions set forth in this Agree- ment, at the Closing Seller shall sell, assign, transfer, convey and deliver to Buyer free and clear of all Liens, and Buyer shall purchase, acquire and take assignment and delivery of, all right, title and interest of Seller in and to the Acquired Assets, including the following:

  • Purchased Contracts The obligation of CNHCR to purchase the Purchased Contracts is subject to the satisfaction of the following conditions:

  • Deliveries by Seller At the Closing, Seller shall deliver, or cause to be delivered, to Buyer the following:

  • Deliveries by Sellers At the Closing, Sellers shall deliver to Purchaser:

  • SALE OF BUYER’S PROPERTY Performance under this Agreement: (check one) ☐ - Shall not be contingent upon the Buyer selling another property. ☐ - Shall be contingent upon the Buyer selling another property with a mailing address of , City of , State of , within calendar days from the Effective Date.

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