No Substantial Damage. There shall have been no physical damage to any of the Assets between the Effective Date and the Closing Date which, in the Purchaser's reasonable opinion would materially and adversely affect the value of the Assets, except and to the extent approved in writing by the Purchaser or to the extent that such damage is covered by insurance and the insurance proceeds are assigned to the Purchaser.
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Samples: Rescission Agreement (Capital Reserve Canada LTD), Asset Purchase Agreement (Terra Nostra Resources LTD), Rescission Agreement (Terra Nostra Technology LTD)
No Substantial Damage. There shall have been no physical damage to any of the Assets between the Effective Date and the Closing Date which, in the Purchaser's ’s reasonable opinion would materially and adversely affect the value of the Assets, except and to the extent approved in writing by the Purchaser or to the extent that such damage is covered by insurance and the insurance proceeds are assigned to the Purchaser.
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Samples: Asset Purchase Agreement (Samoyed Energy Corp), Asset Purchase Agreement (Capital Reserve Canada LTD)
No Substantial Damage. There shall have been no physical damage to any of the Assets between the Effective Date and the Closing Date which, in the Purchaser's ’s reasonable opinion opinion, would materially and adversely affect the value of the Assets, except and to the extent approved in writing by the Purchaser or to the extent that such damage is covered by insurance and the insurance proceeds are assigned to the Purchaser.
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