Possession and Risk of Loss. Possession of the Lots shall be delivered at time of closing thereon. The risk of loss or damage to the respective Lots by fire or other casualty is assumed by Seller until the date of closing thereon, except damage caused by Purchaser in connection with Section 25 of this Agreement.
Appears in 3 contracts
Samples: Lot Purchase Agreement (Stanley-Martin Communities, LLC), Lot Purchase Agreement (Stanley-Martin Communities, LLC), Lot Purchase Agreement (Stanley-Martin Communities, LLC)
Possession and Risk of Loss. Possession of the Lots shall be delivered at time of closing thereonClosing on such Lots. The risk of loss or damage to the respective Lots by fire or other casualty is assumed by Seller until the date of closing thereonClosing, except for damage caused by Purchaser in connection with Section 25 of this Agreementand/or its agents, contractors or representatives during the Study Period.
Appears in 1 contract
Samples: Lot Purchase and Development Agreement (NTS Mortgage Income Fund)
