Common use of Damage to Seller’s Property Clause in Contracts

Damage to Seller’s Property. If any of the Purchased Assets are materially damaged at any time before the Closing, and the damages cannot reasonably be repaired on payment of the sums available by insurance settlement or from any sums to be paid by Buyer to Seller at the Closing, Buyer, at Buyer’s option, shall have the right to terminate this Agreement and, on giving notice of such election, Buyer shall immediately receive a refund of the Deposits in full termination of Buyer’s rights under this Agreement. This paragraph shall not apply if damages are caused by Buyer’s actions or negligence.

Damage to Seller’s Property. If any of the Purchased Assets are is materially damaged at any time before the Closing, and the damages cannot reasonably be repaired on payment of the sums available by insurance settlement or from any sums to be paid by Buyer Purchaser to Seller at the Closing, BuyerPurchaser, at Buyer’s Purchaser's option, shall have the right to terminate this Agreement and, on upon giving notice of such election, Buyer Purchaser shall immediately receive a refund be relieved of the Deposits in full termination of Buyer’s rights any obligations under this Agreement. This paragraph shall not apply if damages are caused by Buyer’s actions or Purchaser's negligence.

Damage to Seller’s Property. If any of the Purchased Assets are materially damaged at any time before the Closing, Closing and the damages cannot reasonably be repaired on payment of the sums available by insurance settlement or from any sums to be paid by Buyer Purchasers to Seller Sellers at the Closing, BuyerPurchasers, at Buyer’s Purchasers’ option, shall have the right to terminate this Agreement and, on giving notice of such election, Buyer Purchasers shall immediately receive a refund of the Deposits any Deposit in full termination of Buyer’s Purchasers’ rights under this Agreement. This paragraph shall not apply if damages are caused by Buyer’s actions or Purchasers’ negligence.

Damage to Seller’s Property. If any of the Purchased Assets are materially damaged at any time before the Closing, and the damages cannot reasonably be repaired on payment of the sums available by insurance settlement or from any sums to be paid by Buyer to Seller at the Closing, Buyer, at Buyer’s option, shall have the right to terminate this Agreement and, on giving notice of such election, Buyer shall immediately receive a refund of the Deposits Xxxxxxx Money Deposit in full termination of Buyer’s rights under this Agreement. This paragraph shall not apply if damages are caused by any act or omission of Buyer’s actions , its agents, employees or negligenceinvitees.