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Common use of Allocation of Risk Clause in Contracts

Allocation of Risk. Seller shall bear the risk of loss to the Unit until the Closing. After Closing, Purchaser shall bear all such risk of loss.

Appears in 22 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

Allocation of Risk. Seller shall bear the risk of loss to the Unit until the Closing. After Closing, Purchaser shall bear all such risk of lossloss (subject to the insurance provisions of the Resort Declaration and the Residence Declaration).

Appears in 5 contracts

Samples: Residential Unit Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

Allocation of Risk. Seller shall bear the risk of loss to the Unit Property until the Closing. After Closing, Purchaser shall bear all such risk of loss.

Appears in 5 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement