No Changes or Destruction of Property. Between the date hereof and the Closing Date, there shall have been no material damage to the Assets by fire, flood, casualty, act of God or the public enemy or other cause, or other material adverse change in the Assets, which is not covered in all material respects by insurance proceeds assigned to Buyer or remediated by action of Seller prior to the Closing.
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Samples: Asset Purchase Agreement (Speedway TBA, Inc.), Asset Purchase Agreement (Speedway Motorsports Inc)
No Changes or Destruction of Property. Between the date hereof and the ------------------------------------- Closing Date, there shall have been (a) no Material Adverse Effect; and (b) no material damage to the Purchased Assets by fire, flood, casualty, act of God or the public enemy or other cause, or other material adverse change in the Assets, which is not covered in all material respects by regardless of insurance proceeds assigned to Buyer or remediated by action of Seller prior to the Closingcoverage for such damage.
Appears in 1 contract
No Changes or Destruction of Property. Between the date hereof Execution Date and the Closing Date, there shall have been (a) no material adverse change in the Purchased Assets, and (b) no material damage to the Purchased Assets by fire, flood, casualty, act of God or the public enemy or other cause, or other material adverse change in the Assets, which is not covered in all material respects by regardless of insurance proceeds assigned to Buyer or remediated by action of Seller prior to the Closingcoverage for such damage.
Appears in 1 contract
Samples: Asset and Stock Purchase Agreement (Infrax Systems, Inc.)
