Common use of No Damage or Destruction Clause in Contracts

No Damage or Destruction. Prior to txx Closing Date, there shall not have occurred any casualty to any facility, property, equipment or inventory owned or used by the Company as a result of which either (i) the monetary amount of damage or destruction aggregates five (5%) percent or more of the aggregate book value shown on the books of account of the entire facilities, properties, equipment and inventory of the Company, or (ii) the total monetary amount of damage or destruction is less than five (5%) percent of the aggregate book value shown on the books of account of the entire facilities, properties, equipment and inventory of the Company, but more than $50,000, and such loss shall not be substantially covered by valid, existing insurance underwritten by responsible insurers.

No Damage or Destruction. Prior to txx the Closing Date, there shall not have occurred any casualty to any facility, property, equipment or inventory owned or used by the Company Corporation as a result of which either (i) a. the monetary amount of damage or destruction aggregates five (5%) percent or more of the aggregate book value shown on the books of account of the entire facilities, properties, equipment and inventory of the CompanyCorporation, or (ii) b. the total monetary amount of damage or destruction is less than five (5%) percent of the aggregate book value shown on the books of account of the entire facilities, properties, equipment and inventory of the CompanyCorporation, but more than $50,000, and such loss shall not be substantially covered by valid, existing insurance underwritten by responsible insurers.

No Damage or Destruction. Prior to txx Between the Effective Date and the Closing Date, there shall not have occurred any casualty to any facility, property, equipment or inventory owned or used by the Company as a result of which either (i) the monetary amount of damage or destruction aggregates five (5%) percent or more of the aggregate book value shown on the books of account of the entire facilities, properties, equipment and inventory of the Company, or (ii) the total monetary amount of damage or destruction is less than five (5%) percent of the aggregate book value shown on the books of account of the entire facilities, properties, equipment and inventory of the Company, but more than $50,000, and such loss shall not be substantially covered by valid, existing insurance underwritten by responsible insurers.

No Damage or Destruction. Prior to txx the Closing Date, there shall not have occurred any casualty to any facility, property, equipment or inventory owned or used by the Company Corporation as a result of which either (ia) the monetary amount of damage or destruction aggregates five (5%) percent or more of the aggregate book value shown on the books of account of the entire facilities, properties, equipment and inventory of the CompanyCorporation, or (iib) the total monetary amount of damage or destruction is less than five (5%) percent of the aggregate book value shown on the books of account of the entire facilities, properties, equipment and inventory of the CompanyCorporation, but more than $50,000140,000, and such loss shall not be substantially covered by valid, existing insurance underwritten by responsible insurers.