Common use of Damage to Common Elements Clause in Contracts

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

Damage to Common Elements. If any portion of the common elements is damaged due to fire, hurricane, or 46 other casualty before Closing, either party may cancel this Contract and Buyer’s 's deposit(s) will be refunded if (i) 47 as a result of damage to the common elements, the Property appraises below the purchase price and either 48 the parties cannot agree on a new purchase price or Buyer elects not to proceed, or (ii) the Association 49 cannot determine the assessment attributable to the Property for the damage at least 5 days before 50 Closing, or (iii) the assessment determined or imposed by the Association attributable to the Property for the ________________ ______ 51 damage to the 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 elements is damaged due to by fire, hurricane, hurricane or 46 other casualty before Closing, either party may cancel this Contract and Buyer’s deposit(s) will be refunded if (i) 47 as a result of damage to the common elements, the Property appraises below the purchase price and either 48 the parties cannot agree on a new purchase price or Buyer elects not to proceed, or (ii) the Association 49 cannot determine the assessment attributable to the Property for the damage at least 5 days before 50 Closing, or (iii) the assessment determined or imposed by the Association attributable to the Property for the ________________ ______ 51 damage to the 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 elements is damaged due to fire, hurricane, or 46 other casualty before Closing, either party may cancel this Contract and BuyerXxxxx’s deposit(s) will be refunded if (i) 47 as a result of damage to the common elements, the Property appraises below the purchase price and either 48 the parties cannot agree on a new purchase price or Buyer elects not to proceed, or (ii) the Association 49 cannot determine the assessment attributable to the Property for the damage at least 5 days before 50 Closing, or (iii) the assessment determined or imposed by the Association attributable to the Property for the ________________ ______ 51 damage to the 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 elements element is damaged due to fire, hurricane, hurricane or 46 other casualty before Closingclosing, either party may cancel this the Contract and Buyer’s deposit(s) will 's deposit shall be refunded if (ia) 47 as a result of damage to the common elements, the Property appraises below the purchase price and either 48 the parties cannot agree on a new purchase price or Buyer elects not to proceed, or (iib) the Association 49 cannot determine the assessment attributable to the Property for the damage at least 5 days before 50 Closingprior to Closing Date, or (iiic) the assessment determined or imposed by the Association attributable to the Property for the 50־ damage to the common element is greater than $________ or %________________ ______ 51 damage to of the common elements is greater than $ or % purchase price (1.5% if left blank) of the ________________ ________________ 52 purchase price).

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