Safe Custody Items Sample Clauses
Safe Custody Items. The Bank accepts no responsibility for loss or damage to items deposited except as may arise from any gross negligence on the part of The Bank. The Bank does not effect insurance on items deposited and/or moved at my request and I should arrange suitable insurance cover.
Safe Custody Items. 2.9.1 The parties agree that the items which are the subject of any Safe Custody Agreement and which the Business Sellers provide an inventory on NatWest Closing (in respect of the NatWest Business), on RBS Wales Closing (in respect of the RBS Wales Businesses), or on RBS England Closing (in respect of the RBS England Businesses) specifying, in respect of each such safe custody item (i) the item number and bar code number of the safe custody item, (ii) the customer account number to which the safe custody items relate, and (iii) where available, a brief description of the safe custody item (the “Safe Custody Items”) shall remain in the relevant Business Properties at the NatWest Closing (in respect of the NatWest Businesses), the RBS Wales Closing (in respect of the RBS Wales Businesses) and the RBS England Closing (in respect of the RBS England Businesses) and the Purchaser (or such other relevant custodian) shall take possession of the Safe Custody Items upon transfer of the Safe Custody Agreements to the Purchaser at the Relevant Closing.
2.9.2 In respect of any other safe custody items at the Business Properties which are not Safe Custody Items, the Business Sellers agree that on or before the NatWest Closing (in respect of the NatWest Businesses), on the RBS Wales Closing (in respect of the RBS Wales Businesses) and on the RBS England Closing (in respect of the RBS England Businesses), they shall remove such safe custody items from the Business Properties. *** Material has been omitted pursuant to a request for confidential treatment and has been filed separately.
2.9.3 The parties agree that any safe custody arrangements which do not relate to a Customer or are not Safe Custody Items (an “Excluded Safe Custody Agreement”) shall not transfer to the Purchaser and shall constitute an Excluded Asset for the purposes of this Agreement.
Safe Custody Items. The parties agree that the Safe Custody Items shall remain in the relevant Business Properties at Closing and Newco (or such other relevant custodian) shall take possession of the Safe Custody Items upon transfer of the Safe Custody Agreements (where applicable) to Newco at Closing.