Common use of Damage to Common Elements Clause in Contracts

Damage to Common Elements. If any portion of the common element is damaged due to fire, hurricane or 38 other casualty before closing, either party may cancel the Contract and Buyer’s deposit shall be refunded if (a) as 39 a result of damage to the common elements, the Property appraises below the purchase price and either the 40 parties cannot agree on a new purchase price or Buyer elects not to proceed, or (b) the Association cannot 41 determine the assessment attributable to the Property for the damage at least 5 days prior to Closing Date, or (c) 42 the assessment determined or imposed by the Association attributable to the Property for the damage to the 43 common element is greater than $ _____ or % _____ of the purchase price (1.5% if left blank).

Damage to Common Elements. If any portion of the common element elements is damaged due to by fire, hurricane or 38 other casualty before closingClosing, either party may cancel the this Contract and Buyer’s deposit shall deposit(s) will be refunded if (ai) as 39 a result of damage to the common elements, the Property appraises below the purchase price and either the 40 parties cannot agree on a new purchase price or Buyer elects not to proceed, or (bii) the Association cannot 41 determine the assessment attributable to the Property for the damage at least 5 days prior to Closing Datebefore Closing, or (ciii) 42 the assessment determined or imposed by the Association attributable to the Property for the damage to the 43 common element elements is greater than $ _____ or % _____ of the purchase price (1.5% if left blank)) of the purchase price.

Damage to Common Elements. If any portion of the common element elements is damaged due to fire, hurricane hurricane, or 38 46 other casualty before closingClosing, either party may cancel the this Contract and BuyerXxxxx’s deposit shall deposit(s) will be refunded if (ai) 47 as 39 a result of damage to the common elements, the Property appraises below the purchase price and either 48 the 40 parties cannot agree on a new purchase price or Buyer elects not to proceed, or (bii) the Association 49 cannot 41 determine the assessment attributable to the Property for the damage at least 5 days prior to Closing Datebefore 50 Closing, or (ciii) 42 the assessment determined or imposed by the Association attributable to the Property for the damage to the 43 common element is greater than $ ________________ or % ______ of 51 damage to the purchase price common elements is greater than $ or % (1.5% if left blank)) of the 52 purchase price.

Damage to Common Elements. If any portion of the common element is damaged due to fire, hurricane or 38 other casualty before closing, either party may cancel the Contract and Buyer’s 's deposit shall be refunded if (a) as 39 a result of damage to the common elements, the Property appraises below the purchase price and either the 40 parties cannot agree on a new purchase price or Buyer elects not to proceed, or (b) the Association cannot 41 determine the assessment attributable to the Property for the damage at least 5 days prior to Closing Date, or (c) 42 the assessment determined or imposed by the Association attributable to the Property for the 50־ damage to the 43 common element is greater than $ $________ or % %_____ _______of the purchase price (1.5% if left blank).

Damage to Common Elements. If any portion of the common element elements is damaged due to fire, hurricane hurricane, or 38 46 other casualty before closingClosing, either party may cancel the this Contract and Buyer’s deposit shall 's deposit(s) will be refunded if (ai) 47 as 39 a result of damage to the common elements, the Property appraises below the purchase price and either 48 the 40 parties cannot agree on a new purchase price or Buyer elects not to proceed, or (bii) the Association 49 cannot 41 determine the assessment attributable to the Property for the damage at least 5 days prior to Closing Datebefore 50 Closing, or (ciii) 42 the assessment determined or imposed by the Association attributable to the Property for the 51 damage to the 43 common element elements is greater than $ _____ or % _____ of the purchase price (1.5% if left blank)) of the 52 purchase price.

Damage to Common Elements. If any portion of the common element elements is damaged due to fire, hurricane hurricane, or 38 46 other casualty before closingClosing, either party may cancel the this Contract and Buyer’s deposit shall deposit(s) will be refunded if (ai) 47 as 39 a result of damage to the common elements, the Property appraises below the purchase price and either 48 the 40 parties cannot agree on a new purchase price or Buyer elects not to proceed, or (bii) the Association 49 cannot 41 determine the assessment attributable to the Property for the damage at least 5 days prior to Closing Datebefore 50 Closing, or (ciii) 42 the assessment determined or imposed by the Association attributable to the Property for the 51 damage to the 43 common element elements is greater than $ ____$_ or % _____ of the purchase price (1.5% if left blank)) of the 52 purchase price.

Damage to Common Elements. If any portion of the common element elements is damaged due to fire, hurricane hurricane, or 38 46 other casualty before closingClosing, either party may cancel the this Contract and Buyer’s deposit shall deposit(s) will be refunded if (ai) 47 as 39 a result of damage to the common elements, the Property appraises below the purchase price and either 48 the 40 parties cannot agree on a new purchase price or Buyer elects not to proceed, or (bii) the Association 49 cannot 41 determine the assessment attributable to the Property for the damage at least 5 days prior to Closing Datebefore 50 Closing, or (ciii) 42 the assessment determined or imposed by the Association attributable to the Property for the damage to the 43 common element is greater than $ ________________ or % ______ of 51 damage to the purchase price common elements is greater than $ or % (1.5% if left blank)) of the ________________ ________________ 52 purchase price.