Common use of Casualty; Condemnation Clause in Contracts

Casualty; Condemnation. If all or any part of the Property is materially damaged by fire, casualty, the elements or any other cause, Seller shall immediately give notice to Buyer, and Buyer shall have the right to terminate this Agreement and receive back all Xxxxxxx Money by giving notice within thirty (30) days after Seller’s notice. If eminent domain proceedings are threatened or commenced against all or any part of the Property, Seller shall immediately give notice to Buyer, and Buyer shall have the right to terminate this Agreement and receive back all Xxxxxxx Money by giving notice within thirty (30) days after Seller’s notice. Termination of this Agreement and return of all Xxxxxxx Money are Seller’s sole remedies

Appears in 15 contracts

Samples: Conditional Sales Agreement, Conditional Sales Agreement, Conditional Sales Agreement

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Casualty; Condemnation. If all or any part of the Property is materially damaged by fire, casualty, the elements or any other cause, Seller shall immediately give notice to Buyer, and Buyer shall have the right to terminate this Agreement and receive back all Xxxxxxx Money by giving notice within thirty (30) days after Seller’s notice. If eminent domain proceedings are threatened or commenced against all or any part of the Real Property, Seller shall immediately give notice to Buyer, and Buyer shall have the right to terminate this Agreement and receive back all Xxxxxxx Money by giving notice within thirty (30) days after Seller’s notice. Termination of this Agreement and return of all Xxxxxxx Money are Seller’s sole remedies.

Appears in 4 contracts

Samples: Real Property Purchase Agreement, Real Property Purchase Agreement, Real Property Purchase Agreement

Casualty; Condemnation. If all or any part of the Real Property is materially significantly damaged beyond repair by fire, casualty, the elements or any other cause, Seller shall immediately give notice to Buyer, and Buyer shall have the right to terminate this Agreement and receive back all Xxxxxxx Money by giving notice within thirty five (305) business days after Seller’s notice. If eminent domain proceedings are threatened or commenced against all or any part of the Real Property, Seller shall immediately give notice to Buyer, and Buyer shall have the right to terminate this Agreement and receive back all Xxxxxxx Money by giving notice within thirty five (305) business days after Seller’s notice. Termination of this Agreement Agreement, and return of all Xxxxxxx Money are SellerXxxxx’s sole remedies.

Appears in 2 contracts

Samples: Real Estate Purchase Agreement, Real Estate Purchase Agreement

Casualty; Condemnation. If all or any part of the Property Acquired Assets is materially damaged by fire, casualty, the elements elements, or any other cause, Seller shall immediately give notice to Buyer, and Buyer shall have the right to terminate this Agreement and receive back all Xxxxxxx Money by giving notice within thirty (30) days after Seller’s notice. If eminent domain proceedings are threatened in writing or commenced against all or any part of the Real Property, Seller shall immediately give notice to Buyer, and Buyer shall have the right to terminate this Agreement and receive back all Xxxxxxx Money by giving notice within thirty (30) days after Seller’s notice. Termination of this Agreement and return of all Xxxxxxx Money are SellerBuyer’s sole remediesremedies in the case of casualty or condemnation.

Appears in 1 contract

Samples: Asset Purchase Agreement

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Casualty; Condemnation. If all or any part of the Property is materially damaged by fire, casualty, the elements or any other cause, Seller shall immediately give notice to Buyer, and Buyer shall have the right to terminate this Agreement and receive back all Xxxxxxx Money by giving notice within thirty (30) days after Seller’s notice. If eminent domain proceedings are threatened or commenced against all or any part of the Real Property, Seller shall immediately give notice to Buyer, and Buyer Xxxxx shall have the right to terminate this Agreement and receive back all Xxxxxxx Money by giving notice within thirty (30) days after Seller’s notice. Termination of this Agreement and return of all Xxxxxxx Money are Seller’s sole remedies.

Appears in 1 contract

Samples: Real Property Purchase Agreement

Casualty; Condemnation. If all or any part of the Property is materially damaged by fire, casualty, the elements or any other cause, Seller shall immediately give notice to Buyer, and Buyer shall have the right to terminate this Agreement and receive back all Xxxxxxx Money by giving notice within thirty (30) days after Seller’s notice. If eminent domain proceedings are threatened or commenced against all or any part of the Property, Seller shall immediately give notice to Buyer, and Buyer Xxxxx shall have the right to terminate this Agreement and receive back all Xxxxxxx Money by giving notice within thirty (30) days after Seller’s notice. Termination of this Agreement and return of all Xxxxxxx Money are Seller’s sole remedies

Appears in 1 contract

Samples: Conditional Sales Agreement

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