Common use of Causes of Loss, Insurance Clause in Contracts

Causes of Loss, Insurance. In the event the Property or Inclusions are damaged by fire, other perils or causes of 618 loss prior to Closing in an amount of not more than ten percent of the total Purchase Price (Property Damage), Seller is obligated 619 to repair the same before Closing Date (§ 3). Buyer has the Right to Terminate under § 25.1, on or before Closing Date (§ 3), if 620 the Property Damage is not repaired before Closing Date (§ 3) or if the damage exceeds such sum. Should Buyer elect to carry out 621 this Contract despite such Property Damage, Buyer is entitled to a credit at Closing for all insurance proceeds that were received 622 by Seller (but not the Association, if any) resulting from such damage to the Property and Inclusions, plus the amount of any 623 deductible provided for in such insurance policy. Such credit must not exceed the Purchase Price. In the event Seller has not 624 received such insurance proceeds prior to Closing, the parties may agree to extend the Closing Date (§ 3) or, at the option of 625 Buyer, Seller must assign such proceeds at Closing, plus credit Buyer the amount of any deductible provided for in such insurance 626 policy, but not to exceed the total Purchase Price.

Causes of Loss, Insurance. In the event the Property or Inclusions are damaged by fire, other perils or causes of 618 612 loss prior to Closing in an amount of not more than ten percent of the total Purchase Price (Property Damage), Seller is obligated 619 613 to repair the same before Closing Date (§ 3). .. Buyer has the Right to Terminate under § 25.1, on or before Closing Date (§ 3), if 620 614 the Property Damage is not repaired before Closing Date (§ 3) or if the damage exceeds such sum. Should Buyer elect to carry out 621 615 this Contract despite such Property Damage, Buyer is entitled to a credit at Closing for all insurance proceeds that were received 622 616 by Seller (but not the Association, if any) resulting from such damage to the Property and Inclusions, plus the amount of any 623 617 deductible provided for in such insurance policy. Such credit must not exceed the Purchase Price. In the event Seller has not 624 618 received such insurance proceeds prior to Closing, the parties may agree to extend the Closing Date (§ 3) or, at the option of 625 619 Buyer, Seller must assign such proceeds at Closing, plus credit Buyer the amount of any deductible provided for in such insurance 626 620 policy, but not to exceed the total Purchase Price.

Causes of Loss, Insurance. In the event the Property or Inclusions are damaged by fire, other perils or causes of 618 609 loss prior to Closing in an amount of not more than ten percent of the total Purchase Price (Property Damage), Seller is obligated 619 610 to repair the same before Closing Date (§ 3). Buyer has the Right to Terminate under § 25.1, on or before Closing Date (§ 3), if 620 611 the Property Damage is not repaired before Closing Date (§ 3) or if the damage exceeds such sum. Should Buyer elect to carry out 621 612 this Contract despite such Property Damage, Buyer is entitled to a credit at Closing for all insurance proceeds that were received 622 613 by Seller (but not the Association, if any) resulting from such damage to the Property and Inclusions, plus the amount of any 623 614 deductible provided for in such insurance policy. Such credit must not exceed the Purchase Price. In the event Seller has not 624 615 received such insurance proceeds prior to Closing, the parties may agree to extend the Closing Date (§ 3) or, at the option of 625 616 Buyer, Seller must assign such proceeds at Closing, plus credit Buyer the amount of any deductible provided for in such insurance 626 617 policy, but not to exceed the total Purchase Price.

Causes of Loss, Insurance. In the event the Property or Inclusions are damaged by fire, other perils or causes of 618 595 loss prior to Closing in an amount of not more than ten percent of the total Purchase Price (Property Damage), Seller is obligated 619 596 to repair the same before Closing Date (§ 3). Buyer has the Right to Terminate under § 25.1, on or before Closing Date (§ 3), if 620 597 the Property Damage is not repaired before Closing Date (§ 3) or if the damage exceeds such sum. Should Buyer elect to carry out 621 598 this Contract despite such Property Damage, Buyer Xxxxx is entitled to a credit at Closing for all insurance proceeds that were received 622 599 by Seller (but not the Association, if any) resulting from such damage to the Property and Inclusions, plus the amount of any 623 600 deductible provided for in such insurance policy. Such credit must not exceed the Purchase Price. In the event Seller has not 624 601 received such insurance proceeds prior to Closing, the parties may agree to extend the Closing Date (§ 3) or, at the option of 625 602 Buyer, Seller must assign such proceeds at Closing, plus credit Buyer the amount of any deductible provided for in such insurance 626 603 policy, but not to exceed the total Purchase Price.

Causes of Loss, Insurance. In the event the Property or Inclusions are damaged by fire, other perils or causes of 618 584 loss prior to Closing in an amount of not more than ten percent of the total Purchase Price (Property Damage), Seller is obligated 619 585 to repair the same before Closing Date (§ 3). Buyer has the Right to Terminate under § 25.1, on or before Closing Date (§ 3), if 620 586 the Property Damage is not repaired before Closing Date (§ 3) or if the damage exceeds such sum. Should Buyer elect to carry out 621 587 this Contract despite such Property Damage, Buyer is shall be entitled to a credit at Closing for all insurance proceeds that were 588 received 622 by Seller (but not the Association, if any) resulting from such damage to the Property and Inclusions, plus the amount of 589 any 623 deductible provided for in such insurance policy. Such credit must shall not exceed the Purchase Price. In the event Seller has not 624 590 received such insurance proceeds prior to Closing, the parties may agree to extend the Closing Date (§ 3) or, at the option of 625 591 Buyer, Seller must shall assign such proceeds at Closing, plus credit Buyer the amount of any deductible provided for in such insurance 626 592 policy, but not to exceed the total Purchase Price.

Causes of Loss, Insurance. In the event the Property or Inclusions are damaged by fire, other perils or causes of 618 578 loss prior to Closing in an amount of not more than ten percent of the total Purchase Price (Property Damage), Seller is shall be 579 obligated 619 to repair the same before Closing Date (§ 3). Buyer has the Right to Terminate under § 25.125. l, on or before Closing Date 580 (§ 3), if 620 the Property Damage is not repaired before Closing Date (§ 3) or if the damage exceeds such sum. Should Buyer elect to 581 carry out 621 this Contract despite such Property Damage, Buyer is shall be entitled to a credit at Closing for all insurance proceeds that 582 were received 622 by Seller (but not the Association, if any) resulting from such damage to the Property and Inclusions, plus the 583 amount of any 623 deductible provided for in such insurance policy. Such credit must shall not exceed the Purchase Price. In the event Seller 584 has not 624 received such insurance proceeds prior to Closing, the parties may agree to extend the Closing Date (§ 3) or, at the option 585 of 625 Buyer, Seller must shall assign such proceeds at Closing, plus credit Buyer the amount of any deductible provided for in such 586 insurance 626 policy, but not to exceed the total Purchase Price.

Causes of Loss, Insurance. In the event the Property or Inclusions are damaged by fire, other perils or causes of 618 612 loss prior to Closing in an amount of not more than ten percent of the total Purchase Price (Property Damage), Seller is obligated 619 613 to repair the same before Closing Date (§ 3). .. Buyer has the Right to Terminate under § 25.1, on or before Closing Date (§ 3), if 620 614 the Property Damage is not repaired before Closing Date (§ 3) or if the damage exceeds such sum. Should Buyer elect to carry out 621 615 this Contract despite such Property Damage, Buyer is entitled to a credit at Closing for all insurance proceeds that were received 622 616 by Seller (but not the Association, if any) resulting from such damage to the Property and Inclusions, plus the amount of any 623 617 deductible provided for in such insurance policy. Such credit must not exceed the Purchase Price. In the event Seller has not 624 618 received such insurance proceeds prior to Closing, the parties may agree to extend the Closing Date (§ 3) or, at the option of 625 619 Buyer, Seller must assign such proceeds at Closing, plus credit Buyer the amount of any deductible provided for in such insurance 626 620 policy, but not to exceed the total Purchase Price.. DEMO