Common use of Casualty Loss Clause in Contracts

Casualty Loss. In the event any loss or damage of the Station Assets exists on the Closing Date, Buyer and Seller shall consummate the Closing and Seller shall assign to Buyer the proceeds of any insurance payable to Seller on account of such damage or loss.

Casualty Loss. In the event any loss or damage of the Station Assets exists on the Closing Date, Buyer and Seller shall consummate the Closing and Seller after Closing the parties shall assign cooperate to Buyer repair or replace (as appropriate under the proceeds of any insurance payable to Seller on account of such damage circumstances) the lost or lossdamaged items at Seller's reasonable expense.

Casualty Loss. In the event any loss or damage of the Station Assets exists on the Closing Date, Buyer and Seller shall consummate the Closing and Seller shall shall, at Buyer's option, (i) assign to Buyer the proceeds of any insurance payable to Seller on account of such damage or loss, or (ii) repair or replace the lost or damaged items promptly after Closing.

Casualty Loss. In the event any loss or damage of the Station ------------- Assets exists on the Closing Date, Buyer and Seller shall consummate the transaction on the Closing Date and Seller shall assign to Buyer the proceeds of any insurance payable to Seller on account of such damage or loss.

Casualty Loss. In the event any loss or damage of the Station Assets exists on the Closing Date, Buyer and Seller shall consummate the Closing and Seller shall assign to Buyer the proceeds of any insurance payable to Seller on account of such damage or loss. If insurance proceeds payable with respect to the lost or damaged asset are insufficient to repair or replace such asset, Buyer shall receive a credit at Closing against the Purchase Price equal to the cost of repair or replacement less the amount of insurance proceeds assigned to Buyer.

Casualty Loss. In the event any loss or damage of the Station Assets exists on the Closing Date, Buyer and Seller shall consummate the Closing and Seller shall assign to Buyer the proceeds of any insurance payable to Seller on account of such damage or loss. If insurance proceeds payable with respect to the lost or damaged assets are insufficient to repair or replace such asset, Buyer shall receive a credit at Closing against the Purchase Price equal to the cost of repair or replacement less the amount of the insurance proceeds assigned to Buyer.

Casualty Loss. In the event any loss or damage of the Station ------------- Assets exists on the Closing Date, Buyer and Seller shall consummate the Closing and Seller shall assign to Buyer the proceeds of any insurance payable to Seller on account of such damage or loss.