CASUALTY LOSS AND CONDEMNATION. A. If any part of the Property is damaged or destroyed by fire or other casualty after the effective date, Seller must restore the Property to its previous condition as soon as reasonably possible and not later than the closing date. If, without fault, Seller is unable to do so, Buyer may: (1) terminate this contract and the earnest money, less any independent consideration unxxx Xxxagraph 7B(3)(a), will be refunded to Buyer; (2) extend the time for performance up to 15 days and the closing date will be extended as necessary; or
Appears in 2 contracts
Samples: Commercial Contract Improved Property (Imperial Petroleum Recovery Corp), Commercial Contract Improved Property (Imperial Petroleum Recovery Corp)
CASUALTY LOSS AND CONDEMNATION. A. If any part of the Property is damaged or destroyed by fire or other casualty after the effective date, Seller must restore the Property to its previous condition as soon as reasonably possible and not later than the closing date. If, without fault, Seller is unable to do so, Buyer may: (1) } terminate this contract Contract and the earnest money, less any txx independent consideration unxxx Xxxagraph 7B(3)(apaid for Buyer's right to terminate under Paragraph 7B(3), will be refunded to Buyer; (2) extend the time for performance up to 15 days and the closing date will be extended as necessary; or
Appears in 1 contract
Samples: Improved Property Commercial Contract (Ricks Cabaret International Inc)
CASUALTY LOSS AND CONDEMNATION. A. If any part of the Property is damaged or destroyed by fire or other casualty after the effective date, Seller must restore the Property to its previous condition as soon as reasonably possible and not later than the closing date. If, without fault, Seller is unable to do so, Buyer may: (1) terminate this contract and the earnest money, less any independent xxx xxxependent consideration unxxx Xxxagraph under Paragraph 7B(3)(a), will be refunded to Buyer; (2) extend the time for performance up to 15 days and the closing date will be extended as necessary; or
Appears in 1 contract
Samples: Commercial Contract (Aei Income & Growth Fund Xxii LTD Partnership)
CASUALTY LOSS AND CONDEMNATION. A. If any part of the Property is damaged or destroyed by fire or other casualty after the effective date, Seller must restore the Property to its previous condition as soon as reasonably possible and not later than the closing date. If, without fault, Seller is unable to do so, Buyer may: (1) terminate this contract and the earnest xxxxxxx money, less any independent consideration unxxx Xxxagraph under Paragraph 7B(3)(a), will be refunded to Buyer; (2) extend the time for performance up to 15 days and the closing date will be extended as necessary; or
Appears in 1 contract
Samples: Assignment of Purchase Agreement (Montgomery Realty Group Inc)
