Utilities and Contracts. Seller shall terminate all of the Restaurants’ utility accounts effective as of the Closing Date and shall provide such reasonable cooperation, as requested by Purchaser, to establish new utility accounts at the Restaurants in the name of the Purchaser. For the avoidance of doubt, in no event will Seller be required to transfer any utility accounts and/or related deposits to Purchaser.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Carrols Restaurant Group, Inc.), Asset Purchase Agreement (Carrols Restaurant Group, Inc.), Asset Purchase Agreement (Carrols Restaurant Group, Inc.)
Utilities and Contracts. Seller shall terminate all of the Restaurants’ Subject Restaurant’s utility accounts effective as of the Closing Date and shall provide such reasonable cooperation, as requested by PurchaserBuyer, to establish new utility accounts at the Subject Restaurants in the name of the PurchaserBuyer. For the avoidance of doubt, in no event will Seller be required to transfer any utility accounts and/or related deposits to PurchaserBuyer.
Appears in 1 contract
Samples: Asset Purchase Agreement (Carrols Restaurant Group, Inc.)
Utilities and Contracts. Seller shall terminate all of the Restaurants’ utility accounts effective as of the Closing Date and shall provide such reasonable cooperation, as requested by Purchaser, to establish new utility accounts at the Restaurants in the name of the Purchaser. For the avoidance of doubt, in no event will Seller be required to transfer any utility accounts and/or related deposits to Purchaser.. SECTION 4.16
Appears in 1 contract
Samples: Asset Purchase Agreement
