Utility Contracts. Telephone and telex contracts and contracts for the supply of heat, steam, electric power, gas, lighting, wireless internet access and any other utility service shall be apportioned between the parties, with Seller receiving a credit for each deposit, if any, made by Seller as security under any such public service contracts if the same is transferable and provided such deposit remains on deposit for the benefit of Purchaser. Where possible, cut-off readings will be secured for all utilities on the Closing Date.
Appears in 2 contracts
Sources: Hotel Purchase Agreement, Purchase Agreement (Red Lion Hotels CORP)
Utility Contracts. Telephone and telex contracts and contracts for the supply of heat, steam, electric power, gas, lighting, wireless internet access and any other utility service shall be apportioned between the parties, with Seller Contributor receiving a credit for each deposit, if any, made by Seller Contributor as security under any such public service contracts if the same is transferable and provided such deposit remains on deposit for the benefit of Purchaserthe Company. Where possible, cut-off readings will be secured for all utilities on the Closing Date.
Appears in 1 contract
Sources: Asset Contribution Agreement (Red Lion Hotels CORP)
Utility Contracts. Telephone and telex contracts and contracts for the ----------------- supply of heat, steam, cable, satellite, electric power, gas, lighting, wireless internet access lighting and any other utility service shall be apportioned between the partiesservice, with Seller receiving a credit for each depositall deposits, if any, made by Seller as security under any such public service contracts contract(s) if the same is transferable and provided such deposit remains on deposit for the benefit of Purchaser. Where possible, cut-off readings will be secured for all utilities on the Closing Date.
Appears in 1 contract