Common use of Procedure for Closing Clause in Contracts

Procedure for Closing. If Buyer shall not timely elect to terminate this Contract under Section 13.2 above, or if the loss, damage or condemnation is not substantial, Seller agrees to pay to Buyer at the Closing all insurance proceeds or condemnation awards which Seller has received as a result of the same, plus an amount equal to the insurance deductible, and assign to Buyer all insurance proceeds and condemnation awards payable as a result of the same, in which event the Closing shall occur without Seller replacing or repairing such damage.

Procedure for Closing. If Buyer Purchaser shall not timely elect to --------------------- terminate this Contract Agreement under Section 13.2 12.2 above, or if the loss, damage or condemnation is not substantial, Seller agrees to pay to Buyer Purchaser at the Closing all insurance proceeds or condemnation awards which Seller has actually received as a result of the same, same plus an amount equal to the insurance deductible, if any, and assign to Buyer Purchaser all insurance proceeds and condemnation awards payable as a result of the same, same in which event the Closing shall occur without Seller replacing or repairing such damage.

Procedure for Closing. If Buyer shall not timely elect to terminate this Contract under Section 13.2 above, or if the loss, damage or condemnation is not substantial, Seller agrees to pay to Buyer at the Closing all insurance proceeds or condemnation awards which Seller has received as a result of the same, plus an amount equal to the insurance deductible, and assign to Buyer all insurance proceeds and condemnation awards payable as a result of the same, in which event the Closing shall occur without Seller replacing or repairing such damagedamage and without any reduction in the Purchase Price.

Procedure for Closing. If Buyer Purchaser shall not timely elect to --------------------- terminate this Contract Agreement under Section 13.2 12.2 above, or if the loss, damage or condemnation is not substantial, Seller agrees to pay to Buyer Purchaser at the Closing all insurance proceeds or condemnation awards which Seller has received as a result of the same, same plus an amount equal to the insurance deductible, if any, and assign to Buyer Purchaser all insurance proceeds and condemnation awards payable as a result of the same, same in which event the Closing shall occur without Seller replacing or repairing such damage.

Procedure for Closing. If Buyer Purchaser shall not timely elect to terminate this Contract Agreement under Section 13.2 12.2 above, or if the loss, damage or condemnation is not substantial, Seller agrees to pay to Buyer Purchaser at the Closing all insurance proceeds proceeds, plus deductible, or condemnation awards which Seller has received as a result of the same, plus an amount equal to the insurance deductible, same and assign to Buyer Purchaser all insurance proceeds and condemnation awards payable as a result of the same, in which event the Closing shall occur without Seller replacing or repairing such damage.

Procedure for Closing. If Buyer Purchaser shall not timely elect to terminate this Contract Agreement under Section 13.2 above10.20b, or if the loss, damage or condemnation is not substantial, Seller agrees to pay to Buyer Purchaser at the Closing all insurance proceeds or condemnation awards which Seller has received as a result of the same, same plus an amount equal to the insurance deductible, if any, and assign to Buyer Purchaser all insurance proceeds and condemnation awards payable as a result of the same, same in which event the Closing shall occur without Seller replacing or repairing such damage.

Procedure for Closing. If Buyer Purchaser shall not timely elect to terminate this Contract Agreement under Section 13.2 12.2 above, or if the loss, damage or condemnation is not substantial, Seller agrees to pay to Buyer Purchaser at the Closing all insurance proceeds or condemnation awards which Seller has received as a result of the same, same plus an amount equal to the insurance deductible, if any, and assign to Buyer Purchaser all insurance proceeds and condemnation awards payable as a result of the same, same in which event the Closing shall occur without Seller replacing or repairing such damage.

Procedure for Closing. If Buyer shall not neither party has timely elect elected to terminate this Option Contract under Section 13.2 above, or if the loss, damage or condemnation is not substantial, Seller agrees to pay to Buyer at the Closing all insurance proceeds or condemnation awards which Seller has received as a result of the same, plus an amount equal to the insurance deductible, and assign to Buyer all insurance proceeds and condemnation awards payable as a result of the same, in which event the Closing shall occur without Seller replacing or repairing such damage.