Damage or Condemnation Prior to the Closing Sample Clauses

Damage or Condemnation Prior to the Closing. 14.1 The HOA Property. If fire, earthquake or other act of nature or act of God shall occur prior to Closing which damages the HOA Property in any way, or if any portion of the HOA Property shall be condemned prior to Closing, then the YMCA in its sole and absolute discretion may elect, by written notice to the HOA delivered within fifteen (15) days after occurrence of the event, to terminate this Agreement, in which case all of the Parties’ rights and obligations hereunder (other than those which are intended to survive such termination by the express terms hereof) shall terminate as well. Upon such termination, each Party shall promptly take any and all actions necessary to cancel Escrow (as hereinafter defined) and to return any documents provided to it by the other Party.
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Damage or Condemnation Prior to the Closing 
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Related to Damage or Condemnation Prior to the Closing

  • Damage Destruction or Condemnation If the Dock or any portion thereof is at any time destroyed or damaged by a casualty, or if any portion of the Dock or adjacent parcels are taken pursuant to the exercise or threatened exercise of the power of eminent domain (including a conveyance in lieu thereof), Port may elect to terminate this Agreement.

  • Casualty Loss If in Owner’s reasonable judgment the premises or the Property is materially damaged by fire or other casualty, Owner may terminate this Agreement within a reasonable time after such determination, by written notice to Resident, in which case Owner will refund prorated, pre-paid rent and all deposits less lawful deductions unless Resident and/or Resident’s guest(s) caused the casualty, in which case all funds on account will be applied to all applicable charges related to the damages and Resident will be responsible for the balance of all charges for repairs. If following a fire or other casualty Owner has not elected to terminate this Agreement, Owner will rebuild the damaged areas within a reasonable time, and during such reconstruction, Resident will be provided a reasonable rent reduction for the unusable portion of the premises unless Resident and/or Resident’s guest(s) caused the casualty.

  • Casualty Neither the businesses nor the properties of any Loan Party or any of its Subsidiaries are affected by any fire, explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

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