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 Buyer and Seller. At the Transfer Time, Seller and Buyer shall designate in writing their initial safe deposit representatives. Representatives of both Buyer and Seller are to be present when a seal is broken. Seller will have no further responsibility for seals broken without the presence of Seller's representative. Buyer will have no responsibility for loss or theft from a safe deposit box whose seal was broken in the presence of Seller's representative. Seller will make a representative available within one hour after Buyer notifies a person or persons whom Seller will from time to time designate. All safe deposit keys, combinations and records shall be delivered at the Transfer Time to Buyer.

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