No Loss or Damage. No loss or damage which could reasonably be expected to have a Company Material Adverse Effect shall have occurred on or prior to the Closing Date to any of the properties or assets of the Company.
No Loss or Damage. Prior to the Closing there shall not have occurred any loss or damage to any substantial portion of the Assets, regardless of whether such loss or damage was insured.
No Loss or Damage. No total loss or damage of any kind or sort that would cost in excess of $100,000 to repair (and which has not been already repaired in accordance with Section 2.6(d)) has occurred to the Aircraft.
No Loss or Damage. No material loss or damage shall have occurred on or prior to the Closing Date to any of the properties or assets of the Company.
No Loss or Damage. Prior to the Closing there shall not have occurred any loss or damage to any substantial portion of the Assets, regardless of whether such loss or damage was insured. In the event of any such loss or damage, the Company shall promptly inform the Purchaser, and the Company shall be allowed a reasonable time thereafter (not to exceed sixty (60) days after the Outside Closing Date) within which to repair or replace such loss or damage. The Company, however, shall be under no obligation to repair or replace such loss. In the event the Company does not promptly begin such repair or replacement or do not complete such repair or replacement within said 60-day period, the Purchaser may (in its sole discretion) either (a) complete the sale contemplated by this Agreement (with such Assets in their damaged condition) and receive an assignment of the Company’s insurance claim or claims relating to such loss or damage, or (b) terminate this Agreement without any obligation to pay any amounts to the Company.
No Loss or Damage. After the date of this Agreement, there shall not have occurred a Material Adverse Effect. In the event of any Loss to any substantial portion of the assets, rights or properties of the Company, Seller shall promptly inform Buyer, and Seller shall be allowed a reasonable time thereafter (not to exceed 60 days after the Outside Closing Date) within which to repair or replace such Loss. Seller, however, shall be under no obligation to repair or replace such Loss. In the event Seller does not promptly begin such repair or replacement or does not complete such repair or replacement within said 60-day period, Buyer may (in its sole discretion) either (i) complete the sale contemplated by this Agreement (with such assets or property in their damaged condition) and receive an assignment of the Company’s insurance claim or claims relating to such loss or damage, or (ii) terminate this Agreement without any obligation to pay any amounts to Seller.
No Loss or Damage. After the date of this Agreement, there shall not have occurred a Material Adverse Effect. In the event of any Loss to any substantial portion of the assets, rights or properties of Seller or the Company, Seller shall promptly inform Buyer, and each of the Company and Seller shall be allowed a reasonable time thereafter (not to exceed 60 days after the Outside Closing Date) within which to repair or replace such Loss. Neither the Company nor Seller, however, shall be under any obligation to repair or replace such Loss. In the event neither the Company nor Seller promptly begins such repair or replacement or does not complete such repair or replacement within said 60-day period, Buyer may (in its sole discretion) either (i) complete the sale contemplated by this Agreement (with such assets or property in their damaged condition) and receive an assignment of the Company’s or Seller’s insurance claim or claims, as the case may be, relating to such loss or damage, or (ii) terminate this Agreement without any obligation to pay any amounts to Seller or the Company
No Loss or Damage. There shall have been no loss or damage to any of Seller's assets in excess of $5,000.00, whether or not covered by insurance, and no material adverse change in the business or financial condition of Seller.
