Hurricane Damage Sample Clauses
The Hurricane Damage clause defines the responsibilities and procedures in the event that a property or project is affected by a hurricane. Typically, it outlines the steps to assess and report damage, the allocation of repair costs, and the rights of the parties to suspend or terminate obligations if the damage is severe. For example, it may specify who is responsible for insurance claims or how repairs should be managed. The core function of this clause is to provide a clear framework for handling hurricane-related disruptions, thereby minimizing disputes and ensuring that both parties understand their obligations and remedies in such situations.
Hurricane Damage. Except as set forth on Section 4.29 of the Seller's Disclosure Schedule, none of the Owned Real Property suffered any material damage as a result of the hurricanes that struck Florida during 2004.
Hurricane Damage. 33 4.30 Disclosure................................................................ 33 4.31 Condominiums.............................................................. 33 4.32
Hurricane Damage. Schedule 4.9 sets forth as of the date hereof (i) to Seller’s Knowledge, a true and correct list of all material damage to the Assets from Hurricane R▇▇▇ and K▇▇▇▇▇▇, (ii) Seller’s good faith estimate of the cost to repair such damage, (iii) the cost of such repairs incurred as of the Effective Time and incurred as of the date hereof, (iv) the status and estimated completion date of such repairs and (v) the status of insurance claims with respect to each such repair.
Hurricane Damage. Neither the Real Property located at either 5800 or 5▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇., ▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ nor any Collateral located thereon or therein has been damaged or destroyed in any manner whatsoever based directly or indirectly on the occurrence in September, 2017 of Hurricane I▇▇▇ with the exception of those items expressly listed on Schedule 5.23.