Common use of Casualty to Acquired Assets Clause in Contracts

Casualty to Acquired Assets. The absence of the occurrence, during the period from the Execution Date to the Closing Date, of any (a) loss or damage to the Acquired Assets (including, without limitation, by reason of casualty or condemnation) or the Hospital Campus Real Property which would materially impair, in the reasonable judgment of Buyer, Buyer’s ability to operate the Hospital after the Closing Date, or (b) except as otherwise provided for in this Agreement, changes in the liabilities (contingent or otherwise), business, employee relations, or staff relations of Seller, other than changes which are in the aggregate not material and adverse to Buyer. The foregoing condition shall be conclusively deemed satisfied unless Buyer, prior to the Closing Date, gives Seller written notice of the failure of this condition.

Casualty to Acquired Assets. The absence of the occurrence, during the period from the Execution Date to the Closing Date, of any (a) loss or damage to the Acquired Assets (including, without limitation, by reason of casualty or condemnation) or the Hospital Campus Real Property which would materially impair, in the reasonable judgment of Buyer, BuyerXxxxx’s ability to operate the Hospital after the Closing Date, or (b) except as otherwise provided for in this Agreement, changes in the liabilities (contingent or otherwise), business, employee relations, or staff relations of Seller, other than changes which are in the aggregate not material and adverse to Buyer. The foregoing condition shall be conclusively deemed satisfied unless Buyer, prior to the Closing Date, gives Seller written notice of the failure of this condition.