Common use of No Damage or Destruction Clause in Contracts

No Damage or Destruction. Prior to the Closing Date, there shall not have occurred any casualty to any facility, property, equipment or inventory owned or used by the Corporation as a result of which either 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 Corporation, or 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 Corporation, 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 the Closing Date, there shall not have occurred any casualty to any facility, property, equipment or inventory owned or used by the Corporation as a result of which either a. (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 Corporation, or b. (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 Corporation, but more than $50,000140,000, and such loss shall not be substantially covered by valid, existing insurance underwritten by responsible insurers.

No Damage or Destruction. Prior to 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 Corporation Company as a result of which either 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 CorporationCompany, or 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 CorporationCompany, 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 the txx Closing Date, there shall not have occurred any casualty to any facility, property, equipment or inventory owned or used by the Corporation Company as a result of which either a. (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 CorporationCompany, or b. (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 CorporationCompany, but more than $50,000, and such loss shall not be substantially covered by valid, existing insurance underwritten by responsible insurers.