Common use of Notice of Casualty Losses Clause in Contracts

Notice of Casualty Losses. If, prior to the Closing Date, all or part of the Property is damaged or destroyed by fire, flood, storm, or other casualty (“Casualty Loss”), or is taken in condemnation or under the right of eminent domain, or if proceedings for such purposes shall be pending or threatened (“Government Taking”), KMG must promptly notify W&T in writing of the nature and extent of the Casualty Loss or Government Taking and KMG’s estimate of the cost required to repair or replace that portion of the Property affected by the Casualty Loss or value of the Property taken by the Government Taking.

Notice of Casualty Losses. If, prior to the Closing Date, all or part of the Property is damaged or destroyed by fire, flood, storm, or other casualty (“"Casualty Loss”"), or is taken in condemnation or under the right of eminent domain, or if proceedings for such purposes shall be pending or threatened (“"Government Taking”"), KMG ASSIGNOR must promptly notify W&T ASSIGNEE in writing of the nature and extent of the Casualty Loss or Government Taking and KMG’s ASSIGNOR's estimate of the cost required to repair or replace that portion of the Property affected by the Casualty Loss or value of the Property taken by the Government Taking.

Notice of Casualty Losses. If, prior to the Closing Date, all or part of the Property is damaged or destroyed by fire, flood, storm, storm or other casualty (“Casualty Loss”"CASUALTY LOSS"), or is taken in condemnation or under the right of eminent domain, or if proceedings for such purposes shall be pending or threatened (“Government Taking”"GOVERNMENT TAKING"), KMG ASSIGNOR must promptly notify W&T ASSIGNEE in writing of the nature and extent of the Casualty Loss or Government Taking and KMG’s ASSIGNOR's estimate of the cost required to repair or replace that portion of the Property affected by the Casualty Loss or value of the Property taken by the Government Taking.