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.
Appears in 4 contracts
Samples: Agreement (Stone Canyon Resources LTD), Agreement (Terra Nostra Technology LTD), Agreement (Terra Nostra Resources 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.
Appears in 2 contracts
Samples: Agreement (Samoyed Energy Corp), 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.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Samoyed Energy Corp)
