Common use of DISPOSITION OF ABANDONED PERSONAL PROPERTY Clause in Contracts

DISPOSITION OF ABANDONED PERSONAL PROPERTY. If Cinelux fails to remove any personal property belonging to Cinelux from the Premises after forty-five (45) days of the expiration or termination of this Agreement, such property shall at the option of Town be deemed to have been transferred to Town. Town shall have the right to remove and to dispose of such property without liability to Cinelux or to any person claiming under Cinelux, and the Town shall have no need to account for such property.

DISPOSITION OF ABANDONED PERSONAL PROPERTY. If Cinelux CineLux fails to remove any personal property belonging to Cinelux CineLux from the Premises after forty-five (45) days of the expiration or termination of this Agreement, such property shall at the option of Town be deemed to have been transferred to Town. Town shall have the right to remove and to dispose of such property without liability to Cinelux CineLux or to any person claiming under CineluxCineLux, and the Town shall have no need to account for such property.