Removal of Fixed Assets Sample Clauses

Removal of Fixed Assets. By no later than October 31, 2011, Buyer, at its sole cost and expense, shall remove all Fixed Assets from Sellers’ facilities. From and after the Closing, Buyer shall be solely responsible for all risk of loss and damage to the Fixed Assets, other than loss or damage resulting from Seller’s negligent acts. Buyer shall indemnify and hold Sellers harmless from and against any and all Losses resulting from Buyer’s negligent, inappropriate or unauthorized removal of the Fixed Assets. Sellers agree to provide Buyer the reasonable assistance necessary for Buyer to remove such Fixed Assets from Sellers’ facilities; provided that Buyer shall reimburse Sellers for any reasonable costs or expense incurred by Sellers in providing assistance to Buyer. Prior to the removal of the Fixed Assets, Sellers will designate the Fixed Assets as being owned by a party other than the Sellers and shall separate or otherwise identify such Fixed Assets as assets that are not included in any sale or auction at Cleo’s Memphis, Tennessee facilities.