Common use of Removal of Assets Clause in Contracts

Removal of Assets. Seller shall remove from the Branches all items that are not being transferred to Purchaser under this Agreement, including but not limited to signage that bears Seller’s logos, trade names, or trademarks, on or prior to the Closing, at Seller’s own expense; provided, however, that Seller shall reimburse Purchaser for any property damage to any of the Branches caused by the removal of such signage. Seller shall have the option to remove and retain, or provide to Purchaser, signage apparatus at the Branches that does not bear Seller’s logos, trade names, or trademarks. Seller shall give notice to Purchaser, at least sixty (60) calendar days before Closing, of its decision so as to allow Purchaser to make plans for signage.

Appears in 3 contracts

Samples: Branch Purchase and Assumption Agreement, Branch Purchase and Assumption Agreement (Waccamaw Bankshares Inc), Branch Purchase and Assumption Agreement (First Bancorp /Nc/)

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Removal of Assets. Seller shall remove from the Branches all items ----------------- that are not being transferred to Purchaser under this Agreement, including but not limited to signage (which shall include all structures supporting such signage) that bears Seller’s 's logos, trade names, or trademarks, on or prior to the Closing, at Seller’s 's own expense; provided, however, that Seller shall reimburse Purchaser for any property damage to any of the Branches caused by the removal of such signage. Seller shall have the option to remove and retain, or provide to Purchaser, signage apparatus at the Branches that does not bear Seller’s 's logos, trade names, or trademarks. Seller shall give notice to Purchaser, at least sixty twenty (6020) calendar days before Closing, of its decision so as to allow Purchaser to make plans for signage.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (First Bancorp /Nc/)

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