Damage Before Closing. The interest of the Vendor in and to the Property shall be at the risk of the Vendor until Closing, subject to the terms and conditions of this Agreement. If loss or damage to the Property occurs, then:
Appears in 2 contracts
Samples: Memorandum of Agreement (Hollinger Inc), Memorandum of Agreement (Hollinger Inc)
Damage Before Closing. The interest of the Vendor in and to the Property shall be at the risk of the Vendor until Closing, subject to the terms and conditions of this Agreement. The Vendor covenants and agrees to notify the Purchaser in writing of any and all loss or damage to the Property in excess of $50,000 forthwith following the occurrence thereof. If loss or damage to the Property occurs, then:
Appears in 1 contract
Damage Before Closing. The interest of the Vendor in and to the Property shall be at the risk of the Vendor until Closing, subject to the terms and conditions of this Agreement. If loss or damage to the Property occursoccurs prior to Closing, then:
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Hines Real Estate Investment Trust Inc)
