Wind-Down of USA Remaining Stores Sample Clauses

Wind-Down of USA Remaining Stores. (a) As of the USA Closing Date, Buyer (directly or through an agent or designated representative) shall take possession and control of each of the USA Remaining Stores for a period of up to two hundred ten (210) days following the filing of the Bankruptcy Case (the "Wind-down Period") for purposes of conducting inventory reduction sales (the "Store Closing Sales") of all inventory located therein. During the Wind-down Period, (i) Buyer shall have sole and absolute discretion regarding the manner in which the Store Closing Sales may be conducted, subject to any applicable Lease covenants or restrictions, (ii) Buyer shall be responsible for paying all obligations that are specifically attributable to the USA Remaining Stores that accrue during the Wind-down Period, including rent, ground lease rent, common area maintenance, utilities, real estate taxes, insurance, security, obligations under the Transitional Services Agreement and other actual out-of-pocket costs under the USA Remaining Leases (collectively, the "Carrying Costs"), and (iii) Buyer shall be entitled to receive and retain all revenues from the Store Closing Sales.
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Related to Wind-Down of USA Remaining Stores

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