Common use of Operability Clause in Contracts

Operability. Between the date of this Agreement and the Closing Date, the CATV Systems shall not have suffered, on or prior to Closing, any loss, claim, casualty, or calamity that has a material adverse effect on the Assets or the CATV Systems, whether or not disclosed in Seller's amended Schedules and whether or not covered by insurance. Seller shall bear the risk of loss on or prior to Closing with respect to the Assets and the CATV Systems as a result of any loss, claim, casualty, or calamity.

Appears in 5 contracts

Samples: Asset Purchase Agreement (Northland Cable Properties Four LTD Partnership), Asset Purchase Agreement (Northland Cable Properties Five LTD Partnership), Asset Purchase Agreement (Northland Cable Properties Six LTD Partnership)

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Operability. Between the date of this Agreement and the Closing Date, the CATV Systems shall not have suffered, on or prior to Closing, any loss, claim, casualty, or calamity that has a material adverse effect on the Assets or the CATV Systems, whether or not disclosed in Seller's amended Schedules and whether or not covered by insurance. Seller shall bear the risk of loss on or prior to Closing with respect to the Assets and the CATV Systems as a result of any loss, claim, casualty, or calamity.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Northland Cable Properties Five LTD Partnership), Asset Purchase Agreement (Northland Cable Properties Six LTD Partnership), Asset Purchase Agreement (Northland Cable Properties Five LTD Partnership)

Operability. Between the date of this Agreement and the Closing Date, the CATV Systems shall not have suffered, on or prior to Closing, any loss, claim, casualty, or calamity that has a material adverse effect on the Assets or the CATV Systems, whether or not disclosed in Seller's amended Schedules and whether or not covered by insurance. Seller shall bear the risk of loss on or prior to Closing with respect to the Assets and the CATV Systems as a result of any loss, claim, casualty, or calamity.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Northland Cable Properties Four LTD Partnership), Asset Purchase Agreement (Northland Cable Properties Eight Limited Partnership)

Operability. Between the date of this Agreement and the Group A Closing Date, the CATV Systems shall not have suffered, on or prior to the Group A Closing, any loss, claim, casualty, or calamity that has a material adverse effect on the Assets or the CATV Systems, whether or not disclosed in Seller's amended Schedules and whether or not covered by insurance. Seller shall bear the risk of loss on or prior to the Group B Closing with respect to the Assets and the CATV Systems as a result of any loss, claim, casualty, or calamity.

Appears in 1 contract

Samples: Asset Purchase Agreement (Northland Cable Properties Seven Limited Partnership)

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Operability. Between the date of this Agreement and the Closing Date, the CATV Systems System shall not have suffered, on or prior to Closing, any loss, claim, casualty, or calamity that has a material adverse effect on the Assets or the CATV SystemsSystem, whether or not disclosed in Seller's amended Schedules and whether or not covered by insurance. Seller shall bear the risk of loss on or prior to Closing with respect to the Assets and the CATV Systems as a result of any loss, claim, casualty, or calamity.

Appears in 1 contract

Samples: Asset Purchase Agreement (Northland Cable Properties Seven Limited Partnership)

Operability. Between the date of this Agreement and the Closing Date, the CATV Systems System shall not have suffered, on or prior to Closing, any loss, claim, casualty, or calamity that has a material adverse effect on the Assets or the CATV SystemsSystem, whether or not disclosed in Seller's amended Schedules and whether or not covered by insurance. Seller shall bear the risk of loss on or prior to Closing with respect to the Assets and the CATV Systems System as a result of any loss, claim, casualty, or calamity.

Appears in 1 contract

Samples: Asset Purchase Agreement (Northland Cable Properties Seven Limited Partnership)

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