Common use of Development Sites Clause in Contracts

Development Sites. Purchaser shall notify Seller no later than thirty (30) days after the date hereof of its election (if any) to pursue the acquisition or lease of the Development Sites. If Purchaser so elects and the particular Development Sites are still available, (i) Seller will reasonably cooperate with Purchaser's efforts to acquire or lease the Development Site(s) both before and after Closing (at no expense to Seller), (ii) Seller's records and files related to each such Development Sites shall be deemed to be part of the "Assets" to be assigned to Purchaser at Closing, and (iii) Purchaser shall pay Seller for the Development Costs associated with such Developments Sites at Closing under Section 2.3(a)(vi).

Appears in 1 contract

Sources: Asset Purchase Agreement (Avado Brands Inc)

Development Sites. Purchaser shall notify Seller no later than thirty (30) days after the date hereof of its election (if any) to pursue the acquisition or lease of any or all of the Development Sites. If Purchaser so elects and the particular Development Sites sites are still available, (i) Seller will reasonably cooperate with Purchaser's efforts to acquire or lease the Development Site(s) both before and after Closing (at no expense to Seller), (ii) Seller's records and files related to each such Development Sites Site shall be deemed to be part of the "Assets" to be assigned to Purchaser at Closing, and (iii) Purchaser shall pay Seller for the Development Costs associated with such Developments Development Sites at Closing under Section 2.3(a)(vi2.3(a)(v).

Appears in 1 contract

Sources: Asset Purchase Agreement (Avado Brands Inc)