Maintenance and Risk of Loss. a. Purchaser shall not be required to take any action to maintain, repair, or insure the Properties. If prior to the Closing Date, any of the Properties shall be taken by condemnation, eminent domain or damaged or destroyed by fire or other casualty, neither party shall have the right to cancel this Agreement. Purchaser shall purchase the Properties in accordance with this Agreement and Purchase Price shall not be reduced. Purchaser and Seller hereby irrevocably waive the provision of any statute that provides for a different outcome or treatment in the event the Properties shall be taken or damaged or destroyed by fire or other casualty.
Appears in 18 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement
