Common use of Damage or Destruction of Assets Clause in Contracts

Damage or Destruction of Assets. In the event of destruction or material damage, at or before the moment of Closing, of any of the assets, then Buyer shall have the right to terminate this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Soligen Technologies Inc), Asset Purchase Agreement (Us Natural Gas Corp)

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Damage or Destruction of Assets. In the event of destruction or material damage, at or before the moment of Closing, of any of the assetsassets of the Hotel, Restaurant or Property, then either Buyer of Seller shall have the right to terminate this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (MHI Hospitality CORP), Asset Purchase Agreement (MHI Hospitality CORP)

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