Common use of Removal of Excluded Assets Clause in Contracts

Removal of Excluded Assets. As promptly as practicable following the Closing Date (and in any event within ten (10) Business Days following Closing Date), Seller shall remove at their expense all of the Excluded Assets that are located at real property subject to an Assumed Real Property Lease. Seller shall, in connection with such removal, exercise commercially reasonable efforts to avoid damage to any of the Assets, and to the extent any of the Assets are damaged in connection with such removal, Seller shall promptly repair such damage at Seller’s sole cost and expense.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Cancer Genetics, Inc), Asset Purchase Agreement (Response Genetics Inc), Asset Purchase Agreement (Cancer Genetics, Inc)

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Removal of Excluded Assets. As promptly as practicable following the Closing Date (and in any event within ten (10) Business Days following Closing DateDays), Seller shall remove at their its expense all of the Excluded Assets that are located at real property subject to an Assumed any Leased Real Property LeaseProperty. Seller shallAny Excluded Assets not timely removed by Sellers may be disposed of by Buyer (in its sole and unreviewable discretion), in connection with such removal, exercise commercially reasonable efforts to avoid damage to without the incurrence of any Liability on the part of the Assets, and to the extent any of the Assets are damaged in connection with such removal, Seller shall promptly repair such damage at Seller’s sole cost and expenseBuyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Schmitt Industries Inc)

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