Common use of Memorabilia Clause in Contracts

Memorabilia. Following the Closing, Buyer shall not display the memorabilia identified on Schedule 1.1(c) (such scheduled items, the “Memorabilia”) at any location other than the Real Property except in connection with the sale, or the solicitation of bids for the sale, of the Memorabilia. Buyer acknowledges and agrees that the net proceeds from any sale of the Memorabilia shall be contributed to the charity of the Buyer’s choosing.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Speedway TBA, Inc.), Asset Purchase Agreement (Speedway Motorsports Inc)