Common use of Transfer of Utilities Clause in Contracts

Transfer of Utilities. Seller, at no cost to Seller, shall cooperate with and assist Buyer and its authorized representatives in order to provide, to the extent reasonably requested by Buyer, an efficient transfer of control of the Purchased Assets and to avoid any undue interruption in the activities and operations of the Business following the Closing Date. Seller shall not cause any utilities to be disconnected until Buyer shall have established an account for the utility associated with such Cinema in such Buyer’s own name, which shall be completed within ten (10) business days after the Closing Date. Seller shall assist in transferring to Buyer the telephone numbers for the Cinema. Buyer shall be liable to Seller for the utility payments for any utility maintained by Seller after the Closing Date. Prior to Closing, Seller shall remove all of its movie trailers from films at the Cinema.

Transfer of Utilities. Seller, at no cost to Seller, Seller shall cooperate with and assist Buyer and its authorized representatives in order to provide, to the extent reasonably requested by Buyer, an efficient transfer of control of the Purchased Assets and to avoid any undue interruption in the activities and operations of the Business following the Closing Date. Seller shall not cause any utilities to be disconnected until Buyer shall have established an account for the utility associated with such Cinema in such Buyer’s own name, which shall be completed within ten (10) business days after the Closing Date. Seller shall assist in transferring to Buyer the telephone numbers for the Cinema. Buyer shall be liable to Seller for the utility payments for any utility maintained by Seller after the Closing Date. Prior to Closing, Seller shall remove all of its movie trailers from films at the Cinema.