No Casualty Loss. From the Effective Time to the Closing, no Xxxxx or Equipment with an aggregate Allocated Value in excess of $50,000 have been destroyed or otherwise impaired by Casualty nor has Seller received written notice that any Leases are subject to condemnation or eminent domain proceedings.
No Casualty Loss. To the best of Seller's knowledge, since the Effective Time there has not been any material adverse change, damage, destruction, or other Casualty Loss (defined herein as any and all loss, damage, or reduction in value resulting from catastrophic occurrences or acts of God, which are not the result of normal wear and tear or of natural reservoir changes) of or to the Properties.
No Casualty Loss. No Casualty Loss shall have occurred.
No Casualty Loss. Taurus' assets, taken as a whole, shall not have been damaged, lost or destroyed (whether or not any such damage, loss or destruction is covered by an applicable policy of insurance) after the execution and delivery of this Agreement and prior to November 24, 1997 where the cost to repair or replace such assets exceeds $250,000.
No Casualty Loss. No Item of Equipment has suffered a Casualty Loss.
No Casualty Loss. There shall not have occurred any casualty loss with respect to the Subject Interests for which PEC has not received proceeds of insurance in the amount of full replacement value of the property affected by such casualty loss, or with respect to which an appropriate deduction has not been made from the Purchase Price.
No Casualty Loss. 46 9.11 Tax Matters 46 9.12 Transition Services Agreement 46 9.13 Xxxxxxxx Agreement 46 9.14 Coffeyville Letter Agreement 46 SECTION 10. CONDITIONS PRECEDENT TO SELLER'S OBLIGATIONS. 46
No Casualty Loss. No Casualty Losses shall have occurred of which the aggregate damages to the Assets suffering Casualty Losses equals more than twelve and one-half percent (12.5%) of the Base Purchase Price, with such damages to be capped (solely for purposes of this Section 8.8) at the Allocated Value of such affected Assets.
No Casualty Loss. 47 9.9 Assignment and Assumption 48 9.10 Resignations 48 SECTION 10. CONDITIONS PRECEDENT TO SELLER'S OBLIGATIONS. 49
No Casualty Loss. There shall not have been any material casualty loss affecting any of the Assets, unless (i) all of such assets shall be, at or prior to the Closing Date, returned to substantially the condition and state of repair such assets were in immediately preceding such casualty loss or (ii) to the satisfaction of Buyer, such casualty loss shall be adequately covered by insurance, and all insurance proceeds shall be payable to Buyer concurrently with or after the Closing, and such insurance proceeds shall be adequate to return such assets to substantially the condition and state of repair such assets were in immediately preceding such casualty loss or (iii) at Seller's election, to the satisfaction of Buyer, the funds necessary to return such assets to substantially the condition and state of repair such assets were immediately preceding such casualty loss shall have been deposited in escrow under terms satisfactory to Buyer.
