Common use of Safe Deposits Clause in Contracts

Safe Deposits. On or before the Transfer Time, Sellers shall remove, and Parent shall cause Sellers to remove, all items stored by any Seller, Parent or any of their respective Affiliates in safe deposit boxes located at the Property, and all such safe deposit boxes shall be made available for Purchaser's use thereafter. Safe deposit boxes in use by customers at the Property at the Transfer Time will be sealed in a reasonable manner mutually agreeable to Purchaser and Sellers. At the Transfer Time, Purchaser and Sellers shall designate in writing their initial safe deposit representatives. Representatives of both Sellers and Purchaser are to be present when a seal is broken. Sellers will make a representative available within one (1) hour after Purchaser notifies Sellers that the representative is required. Purchaser shall have no responsibility for loss or theft from a safe deposit box whose seal was broken in the presence of Sellers' representatives. All safe deposit keys, combinations and records shall be delivered at the Transfer Time to Purchaser.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Fitzgeralds Gaming Corp), Purchase and Sale Agreement (Majestic Investor Capital Corp)

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Safe Deposits. On or before the Transfer Time, Sellers Seller shall remove, and Parent shall cause Sellers Seller to remove, all items stored by any Seller, Parent or any of their respective Affiliates in safe deposit boxes located at the Property, and all such safe deposit boxes shall be made available for Purchaser's use thereafter. Safe deposit boxes in use by customers at the Property at the Transfer Time will be sealed in a reasonable manner mutually agreeable to Purchaser and SellersSeller. At the Transfer Time, Purchaser and Sellers Seller shall designate in writing their initial safe deposit representatives. Representatives of both Sellers Seller and Purchaser are to be present when a seal is broken. Sellers Seller will make a representative available within one (1) hour after Purchaser notifies Sellers Seller that the representative is required. Purchaser shall have no responsibility for loss or theft from a safe deposit box whose seal was broken in the presence of Sellers' representativesSeller's representative. All safe deposit keys, combinations and records shall be delivered at the Transfer Time to Purchaser.

Appears in 1 contract

Samples: Asset Purchase Agreement (Station Casinos Inc)

Safe Deposits. On or before the Transfer Time, Sellers shall ------------- remove, and Parent shall cause Sellers to remove, all items stored by any Seller, Parent or any of their respective Affiliates in safe deposit boxes located at the Property, and all such safe deposit boxes shall be made available for Purchaser's use thereafter. Safe deposit boxes in use by customers at the Property at the Transfer Time will be sealed in a reasonable manner mutually agreeable to Purchaser and Sellers. At the Transfer Time, Purchaser and Sellers shall designate in writing their initial safe deposit representatives. Representatives of both Sellers and Purchaser are to be present when a seal is broken. Sellers will make a representative available within one (1) hour after Purchaser notifies Sellers that the representative is required. Purchaser shall have no responsibility for loss or theft from a safe deposit box whose seal was broken in the presence of Sellers' representatives. All safe deposit keys, combinations and records shall be delivered at the Transfer Time to Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Majestic Star Casino LLC)

Safe Deposits. On or before the Transfer TimeClosing, Sellers Seller shall remove, and Parent shall cause Sellers to remove, all items stored by any Seller, Parent Seller or any of their respective its Affiliates in safe deposit boxes located at the PropertyProperty (other than Acquired Assets), and all such safe deposit boxes shall be made available for Purchaser's ’s use thereafter. Safe deposit boxes in use by customers at the Property at the Transfer Time Closing will be sealed in a reasonable manner mutually agreeable to Purchaser and SellersSeller. At the Transfer TimeClosing, Purchaser and Sellers Seller shall designate in writing their initial safe deposit representatives. Representatives of both Sellers Seller and Purchaser are to be present when a seal is broken. Sellers Seller will make a representative available within one (1) hour after Purchaser notifies Sellers Seller that the representative is required. Purchaser shall have no responsibility for loss or theft from a safe deposit box whose seal was broken in the presence of Sellers' representativesSeller’s representative. All safe deposit keys, combinations and records shall be delivered at the Transfer Time Closing to Purchaser.

Appears in 1 contract

Samples: Asset Purchase Agreement (155 East Tropicana, LLC)

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Safe Deposits. On or before the Transfer Time, Sellers Seller shall remove, ------------- and Parent shall cause Sellers Seller to remove, all items stored by any Seller, Parent or any of their respective Affiliates in safe deposit boxes located at the Property, and all such safe deposit boxes shall be made available for Purchaser's use thereafter. Safe deposit boxes in use by customers at the Property at the Transfer Time will be sealed in a reasonable manner mutually agreeable to Purchaser and SellersSeller. At the Transfer Time, Purchaser and Sellers Seller shall designate in writing their initial safe deposit representatives. Representatives of both Sellers Seller and Purchaser are to be present when a seal is broken. Sellers Seller will make a representative available within one (1) hour after Purchaser notifies Sellers Seller that the representative is required. Purchaser shall have no responsibility for loss or theft from a safe deposit box whose seal was broken in the presence of Sellers' representativesSeller's representative. All safe deposit keys, combinations and records shall be delivered at the Transfer Time to Purchaser.

Appears in 1 contract

Samples: Asset Purchase Agreement (Santa Fe Gaming Corp)

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