Examples of Food and Beverage Inventory in a sentence
Except as may otherwise be provided in any Contracts, all Food and Beverage Inventory is free and clear of any lien or claim, except for the Existing Indebtedness.
Seller shall receive a proration credit equal to the book value at Closing of the Food and Beverage Inventory and the Retail Inventory (subject, however, to Section 7.2.2, in the case of the Liquor Inventory).
No Intercompany Debt is secured by a Lien on any Collateral, any Real Property Assets, any Personal Property, any Intangibles or Food and Beverage Inventory.
Buyer shall be charged the original net invoice cost paid by Seller (less any commissions or fees paid to Seller or its affiliates) for all useable Operating Supplies, Food and Beverage Inventory or Concession Inventory to be transferred to Buyer, which, as of 11:59 p.m., Boston time, on the day preceding the Closing Date remain Unopened Inventory.
As of the date of this Agreement, there are no options or other rights to acquire any of the Real Property Assets, the Personal Property, Intangibles or Food and Beverage Inventory that run in favor of any Person and there are no mortgages, deeds of trust, indentures, debt instruments or other agreements creating a Lien against any of the Real Property Assets, Personal Property, Intangibles or Food and Beverage Inventory other than Permitted Liens.