Guests’ Vehicles and Baggage. Prior to the Closing, the Partnership and Buyer shall take inventory of: (i) all baggage, suitcases, luggage, valises and trunks of hotel guests checked or left in the care of the Partnership; (ii) all luggage or other property of guests retained by the Partnership as security for unpaid accounts receivable; (iii) the contents of the baggage storage room and (iv) all motor vehicles that were checked and placed in the care of the Partnership at the Hotel/Casino; provided, however, that no such baggage, suitcases, luggage, valises or trunks shall be opened. Except for the property referred to in (ii) above, which shall be removed from the Hotel/Casino by Sellers within ten (10) days after the Closing, all such baggage and other items shall be marked or sealed in a manner to be agreed upon by the parties and listed in an inventory prepared and signed jointly by said representatives of Sellers and Buyer as of the Closing. Said baggage and other items shall be stored as Buyer shall choose, and Buyer shall be responsible for claims with respect thereto.
Appears in 3 contracts
Samples: Partnership Interest Purchase Agreement, Partnership Interest Purchase Agreement (Harrahs Entertainment Inc), Partnership Interest Purchase Agreement (Boyd Gaming Corp)
Guests’ Vehicles and Baggage. Prior to the ClosingClosing Date, the Partnership Seller and Buyer Purchaser shall take inventory of: (i) all baggage, suitcases, luggage, valises and trunks of hotel guests checked or left in the care of the PartnershipSeller; (ii) all luggage or other property of guests retained by the Partnership Seller as security for unpaid accounts receivable; (iii) the contents of the baggage storage room and (iv) all motor vehicles that were checked and placed in the care of the Partnership Seller at the Hotel/Casino; provided, however, that no such baggage, suitcases, luggage, valises or trunks shall be opened. Except for the property referred to in (ii) above, which shall be removed from the Hotel/Casino Real Property by Sellers Seller within ten (10) days after the ClosingClosing Date, all such baggage and other items shall be marked or sealed in a manner to be agreed upon by the parties and listed in an inventory prepared and signed jointly by said representatives of Sellers Seller and Buyer Purchaser as of the ClosingClosing Date. Said baggage and other items shall be stored as Buyer Purchaser shall choose, and Buyer Purchaser shall be responsible for claims with respect thereto.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (MTR Gaming Group Inc), Asset Purchase and Sale Agreement (MTR Gaming Group Inc)
Guests’ Vehicles and Baggage. Prior to the ClosingTermination Date, the Partnership HHLV and Buyer Speakeasy shall take inventory of: (i) all baggage, suitcases, luggage, valises and trunks of hotel guests checked or left in the care of the PartnershipHHLV; (ii) all luggage or other property of guests retained by the Partnership HHLV as security for unpaid accounts receivable; (iii) the contents of the baggage storage room and (iv) all motor vehicles that were checked and placed in the care of the Partnership HHLV at the Hotel/CasinoProject; provided, however, that no such baggage, suitcases, luggage, valises or trunks shall be opened. Except for the property referred to in (ii) above, which shall be removed from the Hotel/Casino Project by Sellers HHLV within ten (10) days after the ClosingTermination Date, all such baggage and other items shall be marked or sealed in a manner to be agreed upon by the parties and listed in an inventory prepared and signed jointly by said representatives of Sellers HHLV and Buyer Speakeasy as of the ClosingTermination Date. Said baggage and other items shall be stored as Buyer Speakeasy shall choose, and Buyer Speakeasy shall be responsible for claims with respect thereto.
Appears in 1 contract
Samples: Joint Operating License Agreement (MTR Gaming Group Inc)