Common use of Notice to Persons With Safe Deposit Boxes Clause in Contracts

Notice to Persons With Safe Deposit Boxes. On the Closing Date, Seller shall give written notices (the “Seller Verification Notices”) to guests, tenants and other persons who have safe deposit boxes at the Hotel or who have deposited items in the house safe at the Hotel (the “Depositors”), if any, advising them of the sale of the Property to Purchaser and requesting that the Depositor receiving such notification, within forty-eight (48) hours after such receipt, verify the contents of the related safe deposit box and/or the Depositor's property in the house safe, and either (i) reclaim and remove such contents or property, or (ii) if such Depositor desires to have the continued use of a safe deposit box and/or the house safe, execute a new agreement with Purchaser for such continued use. Copies of the Seller's Verification Notices shall be given to Purchaser. During said 48-hour period, each safe deposit box and/or the house safe shall be opened and the items therein recorded only in the presence of representatives of each of Seller and Purchaser. If a Depositor desires to continue to use a safe deposit box and/or the house safe, Purchaser shall make arrangements for such continued use. All safe deposit boxes used by Depositors not responding to the Seller Verification Notices shall be opened promptly after the expiration of the 48-hour period, but only in the presence of representatives of each of Seller and Purchaser. The contents of all such safe deposit boxes and the property in the hotel safe belonging to such non-responding Depositors shall be listed in an inventory made at the time such safe deposit boxes or hotel safe, as applicable, are or is opened, and such list shall be signed by the representatives of Seller and Purchaser, the keys and/or combinations to such safety deposit boxes shall be delivered to Purchaser, and such safety deposit boxes shall then be relocked, sealed and left in the possession of Purchaser. Seller hereby agrees to indemnify and hold Purchaser harmless from and against any liability based on damage to the contents of safety deposit boxes and the house safe at the Hotel occurring prior to the Closing, which damaged is verified and recorded on the Closing Date.

Notice to Persons With Safe Deposit Boxes. On the Closing Date, Seller shall give written notices (the “Seller Verification Notices”) to guests, tenants Tenants, and other persons who have safe deposit boxes at the Hotel Property or who have deposited items in the house safe at the Hotel Property (the “Depositors”), if any, advising them of the sale of the Property to Purchaser Buyer and requesting that the Depositor receiving such notificationrequesting, within forty-eight (48) hours after such receipt48 hours, verify verification of the contents of the related their safe deposit box boxes and/or the Depositor's property in the house safe, safe and either (i) reclaim and remove removal of such contents or propertycontents, or (ii) if such Depositor desires Depositors desire to have the continued use of a the safe deposit box boxes and/or the house safe, execute the execution of a new agreement with Purchaser Buyer for such continued use. Copies of the Seller's Seller Verification Notices shall be given to PurchaserBuyer. During said 48-hour period, each safe deposit box and/or the house safe shall be opened and the items therein recorded only in the presence of representatives of each of both Seller and PurchaserBuyer. If a Depositor desires the Depositors desire to continue to use a safe deposit box and/or the house safe, Purchaser Buyer shall make arrangements for such continued use. All The contents of all safe deposit boxes used by and/or the house safe of Depositors not responding to the Seller Verification Notices shall be opened promptly after the expiration of the 48-hour period, but only in the presence of representatives of each of both Seller and PurchaserBuyer. The contents of all such safe deposit boxes and the property in the hotel safe belonging to such non-responding Depositors so opened shall be listed in an inventory made at the time such safe deposit boxes or hotel safe, as applicable, house safe are or is opened, and each such list shall be signed by the representatives of Seller and PurchaserBuyer, the keys and/or combinations to such safety deposit the boxes shall be delivered to PurchaserBuyer, and such safety deposit the boxes shall then be relocked, sealed and left in the possession of PurchaserBuyer. Seller hereby agrees to indemnify and hold Purchaser Buyer harmless from and against any liability based on damage to the contents of safety deposit boxes and the house safe at the Hotel occurring prior to the Closing, date of Closing which damaged is verified and recorded on the Closing Datedate of Closing.

Notice to Persons With Safe Deposit Boxes. On the Closing Date, Seller shall give written notices (the “Seller Verification Notices”) to guests, tenants tenants, and other persons who have safe deposit boxes at the Hotel Hotel-Related Units or who have deposited items in the house safe at the Hotel Hotel-Related Units (the “Depositors”), if any, advising them of the sale of the Property to Purchaser and requesting that the Depositor receiving such notificationrequesting, within forty-eight (48) hours after such receipt48 hours, verify verification of the contents of the related in their safe deposit box boxes and/or the Depositor's property in the house safe, safe and either (i) reclaim and remove removal of such contents or propertycontents, or (ii) if such Depositor desires Depositors desire to have the continued use of a the safe deposit box boxes and/or the house safe, execute the execution of a new agreement with Purchaser for such continued use. Copies of the Seller's ’s Verification Notices shall be given to Purchaser. During said 48-hour period, each safe deposit box and/or the house safe shall be opened and the items therein recorded only in the presence of representatives of each of both Seller and Purchaser. If a Depositor desires the Depositors desire to continue to use a safe deposit box and/or the house safe, Purchaser shall make arrangements for such continued use. All The contents of all safe deposit boxes used by and/or the house safe of Depositors not responding to the Seller Seller’s Verification Notices shall be opened promptly after the expiration of the 48-hour period, but only in the presence of representatives of each of both Seller and Purchaser. The contents of all such safe deposit boxes and the property in the hotel safe belonging to such non-responding Depositors so opened shall be listed in an inventory made at the time such safe deposit boxes or hotel safe, as applicable, house safe are or is opened, and each such list shall be signed by the representatives of Seller and Purchaser, the keys and/or combinations to such safety deposit the boxes shall be delivered to Purchaser, and such safety deposit the boxes shall then be relocked, sealed and left in the possession of Purchaser. Seller hereby agrees to indemnify and hold Purchaser harmless from and against any liability based on damage to the contents of safety deposit boxes and the house safe at the Hotel occurring prior to the Closing, date of Closing which damaged is verified and recorded on the Closing Datedate of Closing.

Notice to Persons With Safe Deposit Boxes. On the Closing Date, Seller the Sellers shall give written notices (the “Seller Verification Notices”) to guests, tenants tenants, and other persons who have safe deposit boxes at the Hotel any Property or who have deposited items in the house safe at the Hotel such Property (the “Depositors”), if any, advising them of the sale of the such Property to Purchaser the Buyer and requesting that the Depositor receiving such notificationrequesting, within forty-eight (48) hours after such receipt48 hours, verify verification of the contents of the related their safe deposit box boxes and/or the Depositor's property in the house safe, safe and either (i) reclaim and remove removal of such contents or propertycontents, or (ii) if such Depositor desires Depositors desire to have the continued use of a the safe deposit box boxes and/or the house safe, execute the execution of a new agreement with Purchaser the Buyer for such continued use. Copies of the Seller's Seller Verification Notices shall be given to Purchaserthe Buyer. During said 48-hour period, each safe deposit box and/or the house safe shall be opened and the items therein recorded only in the presence of representatives of each of Seller both Sellers and Purchaserthe Buyer. If a Depositor desires the Depositors desire to continue to use a safe deposit box and/or the house safe, Purchaser the Buyer shall make arrangements for such continued use. All The contents of all safe deposit boxes used by and/or the house safe of Depositors not responding to the Seller Verification Notices shall be opened promptly after the expiration of the 48-hour period, but only in the presence of representatives of each of Seller both the Sellers and Purchaserthe Buyer. The contents of all such safe deposit boxes and the property in the hotel safe belonging to such non-responding Depositors so opened shall be listed in an inventory made at the time such safe deposit boxes or hotel safe, as applicable, house safe are or is opened, and each such list shall be signed by the representatives of Seller the Sellers and Purchaserthe Buyer, the keys and/or combinations to such safety deposit the boxes shall be delivered to Purchaserthe Buyer, and such safety deposit the boxes shall then be relocked, sealed and left in the possession of Purchaserthe Buyer. Seller The Sellers hereby agrees agree to indemnify and hold Purchaser the Buyer harmless from and against any liability based on damage to the contents of safety deposit boxes and the house safe at the Hotel occurring prior to the Closing, date of Closing which damaged is verified and recorded on the Closing Datedate of Closing.

Notice to Persons With Safe Deposit Boxes. On the Closing Date, Seller shall give written notices (the “Seller Verification Notices”) to guests, tenants guests and other persons Persons who have safe deposit boxes at the Hotel Property or who have deposited items in the house safe at the Hotel Property (the “Depositors”), if any, advising them of the sale of the Property to Purchaser Buyer and requesting that the Depositor receiving such notificationrequesting, within forty-eight (48) hours after such receipt48 hours, verify verification of the contents of the related their safe deposit box boxes and/or the Depositor's property in the house safe, safe and either (i) reclaim and remove removal of such contents or propertycontents, or (ii) if such Depositor desires Depositors desire to have the continued use of a the safe deposit box boxes and/or the house safe, execute the execution of a new agreement with Purchaser Buyer for such continued use. Copies of the Seller's Seller Verification Notices shall be given to PurchaserBuyer. During said 48-hour period, each safe deposit box and/or the house safe shall be opened and the items therein recorded only in the presence of representatives of each of both Seller and PurchaserBuyer. If a Depositor desires the Depositors desire to continue to use a safe deposit box and/or the house safe, Purchaser Buyer shall make arrangements for such continued use. All The contents of all safe deposit boxes used by and/or the house safe of Depositors not responding to the Seller Verification Notices shall be opened promptly after the expiration of the 48-hour period, but only in the presence of representatives of each of both Seller and PurchaserBuyer. The contents of all such safe deposit boxes and the property in the hotel safe belonging to such non-responding Depositors so opened shall be listed in an inventory made at the time such safe deposit boxes or hotel safe, as applicable, house safe are or is opened, and each such list shall be signed by the representatives of Seller and PurchaserBuyer, the keys and/or combinations to such safety deposit the boxes shall be delivered to PurchaserBuyer, and such safety deposit the boxes shall then be relocked, sealed and left in the possession of PurchaserBuyer. Seller hereby agrees agree to indemnify and hold Purchaser Buyer harmless from and against any liability based on damage to the contents of safety deposit boxes and the house safe at the Hotel occurring prior to the Closing, date of Closing which damaged is verified and recorded on the Closing Datedate of Closing.

Notice to Persons With Safe Deposit Boxes. On the Closing Date, Seller the Sagicor Parties shall give written notices (the “Seller Verification Notices”) to guests, tenants tenants, and other persons who have safe deposit boxes at the Hotel Business or who have deposited items in the house safe at the Hotel Business (the “Depositors”), if any, advising them of the sale of the Property Business to Purchaser Playa and requesting that the Depositor receiving such notificationrequesting, within forty-eight (48) hours after such receipthours, verify verification of the contents of the related their safe deposit box boxes and/or the Depositor's property in the house safe, safe and either (i) reclaim and remove removal of such contents or propertycontents, or (ii) if such Depositor desires Depositors desire to have the continued use of a the safe deposit box boxes and/or the house safe, execute the execution of a new agreement with Purchaser Playa for such continued use. Copies of the Seller's Seller Verification Notices shall be given to PurchaserPlaya. During said 48-hour period, each safe deposit box and/or the house safe shall be opened and the items therein recorded only in the presence of representatives of each of Seller both the Sagicor Parties and PurchaserPlaya. If a Depositor desires the Depositors desire to continue to use a safe deposit box and/or the house safe, Purchaser Playa shall make arrangements for such continued use. All The contents of all safe deposit boxes used by and/or the house safe of Depositors not responding to the Seller Verification Notices shall be opened promptly after the expiration of the 48-hour period, but only in the presence of representatives of each of Seller both the Sagicor Parties and PurchaserPlaya. The contents of all such safe deposit boxes and the property in the hotel safe belonging to such non-responding Depositors so opened shall be listed in an inventory made at the time such safe deposit boxes or hotel safe, as applicable, house safe are or is opened, and each such list shall be signed by the representatives of Seller the Sagicor Parties and PurchaserPlaya, the keys and/or combinations to such safety deposit the boxes shall be delivered to PurchaserPlaya, and such safety deposit the boxes shall then be relocked, sealed and left in the possession of PurchaserPlaya. Seller The Sagicor Parties hereby agrees to indemnify and hold Purchaser Playa harmless from and against any liability based on damage to the contents of safety deposit boxes and the house safe at the Hotel occurring prior to the Closing, date of Closing which damaged is verified and recorded on the Closing Datedate of Closing.

Notice to Persons With Safe Deposit Boxes. On the Closing Date, Seller shall give written notices (the “Seller Verification Notices”) to guests, tenants tenants, and other persons who have safe deposit boxes at the Hotel or who have deposited items in the house safe at the Hotel (the “Depositors”), if any, advising them of the sale of the Property to Purchaser and requesting that the Depositor receiving such notificationrequesting, within forty-eight (48) hours after such receipt48 hours, verify verification of the contents of the related in their safe deposit box boxes and/or the Depositor's property in the house safe, safe and either (i) reclaim and remove removal of such contents or propertycontents, or (ii) if such Depositor desires Depositors desire to have the continued use of a the safe deposit box boxes and/or the house safe, execute the execution of a new agreement with Purchaser for such continued use. Copies of the Seller's ’s Verification Notices shall be given to Purchaser. During said 48-hour period, each safe deposit box and/or the house safe shall be opened and the items therein recorded only in the presence of representatives of each of both Seller and Purchaser. If a Depositor desires the Depositors desire to continue to use a safe deposit box and/or the house safe, Purchaser shall make arrangements for such continued use. All The contents of all safe deposit boxes used by and/or the house safe of Depositors not responding to the Seller Seller’s Verification Notices shall be opened promptly after the expiration of the 48-hour period, but only in the presence of representatives of each of both Seller and Purchaser. The contents of all such safe deposit boxes and the property in the hotel safe belonging to such non-responding Depositors so opened shall be listed in an inventory made at the time such safe deposit boxes or hotel safe, as applicable, house safe are or is opened, and each such list shall be signed by the representatives of Seller and Purchaser, the keys and/or combinations to such safety deposit the boxes shall be delivered to Purchaser, and such safety deposit the boxes shall then be relocked, sealed and left in the possession of Purchaser. Seller hereby agrees to indemnify and hold Purchaser harmless from and against any liability based on damage to the contents of safety deposit boxes and the house safe at the Hotel or loss occurring prior to the Closing, which damaged is verified and recorded on date of the Closing Dateinventory.