Branch Premises definition
Examples of Branch Premises in a sentence
In the event that Purchaser does not deliver a Specified Notice of Election to Seller or Berkshire, as applicable, within fifteen (15) calendar days of delivery of the Closure Notice, Seller or Berkshire, as applicable, may freely close and/or transfer the Specified Owned Branch Premises, without further restriction under this Section 7.10(a) to a proposed transferee.
Each party acknowledges that it or he has been represented by counsel in connection with this Agreement.
Following receipt of such Closure Notice, Purchaser may exercise its right to purchase the Specified Owned Branch Premises by giving written notice thereof (a “Specified Notice of Election”) to Seller or Berkshire, as applicable, within fifteen (15) calendar days of the delivery of the Closure Notice on terms no less favorable to Seller or Berkshire, as applicable, to those available from a third party.
The following representations are made with respect to the Branch Premises and the Branch Property.
Neither Seller nor Berkshire are obligated as part of such transaction to include any other assets or liabilities other than the physical property of the Specified Owned Branch Premises.
If the Owned Branch Premises are damaged or ------------ destroyed prior to the Closing Date, and if such damage is not fully repaired to the reasonable satisfaction of the Buyer and the Seller by the Closing Date, then the Buyer shall have the option to either consummate or terminate this transaction.
Without limiting the foregoing, as of the date hereof, Seller will provide Purchaser with access to Seller's environmental records and such rights of investigation as are possessed by Seller with respect to the Branch Premises for purposes of conducting environmental investigations.
Purchaser shall take possession of the Branch Premises and shall open the branch office at the Branch Premises effective at the normal closing of business on the Closing Date notwithstanding the fact that the Closing may not be concluded until later that day.
Purchaser shall take possession of the Branch Premises and shall open branch offices at the Branch Premises effective at the normal closing of business on the Closing Date notwithstanding the fact that the Closing may not be concluded until later that day.
If the Buyer does not elect to terminate, then the Seller shall assign and transfer to the Buyer on the Closing Date all of the Seller's right, title and interest in and to all insurance proceeds paid or payable to the Seller on account of such damage and the Seller shall have no obligation to repair or restore the Owned Branch Premises.