Operating supplies clause samples

(b)Licensor and Manager shall bear all risk of loss, damage or destruction of(i) the Premises and (ii) the Operating Supplies. Permittee shall bear all risk of loss, damage or destruction of the inventory of alcoholic beverages, consumable supplies related to service of alcoholic beverages and supplies related to service of alcoholic beverages which cannot be reused (“Inventories”) which shall be limited to the proceeds of the Beverage Account, to the extent such funds actually exist. At the end of the term of this Agreement, Permittee shall assign to Manager on a quitclaim basis all of its right, title and interest in and to the unopened portion of alcoholic beverage Inventories on hand at the Premises as of the last day of the term. At the end of the term of this Agreement, Permittee shall release and surrender the space, the Premises and non-alcoholic Operating Supplies licensed to Permittee under this Agreement to Manager and Licensor in its then current condition, and after termination of this Agreement.