Common use of Safe Deposits Clause in Contracts

Safe Deposits. Safe deposit boxes in use by customers at the Transfer Time will be sealed in a reasonable manner mutually agreeable to Purchaser and the Company. At the Transfer Time, Purchaser and the Company shall designate in writing their initial safe deposit representatives. Representatives of Purchaser are to be present when a seal is broken. The Company will have no further responsibility for seals broken without the presence of the Company's representative. Purchaser will have no responsibility for loss or theft from a safe deposit box whose seal was broken in the presence of the Company representative. The Company will make a representative available within one (1) hour after Purchaser notifies a person or persons whom the Company will from time to time designate. All safe deposit keys, combinations and records shall be delivered at the Transfer Time to Purchaser.

Appears in 5 contracts

Samples: Asset Purchase Agreement (Ameristar Casinos Inc), Asset Purchase Agreement (Ameristar Casinos Inc), Asset Purchase Agreement (Station Casinos Inc)

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