PROPERTY DAMAGE PRIOR TO CLOSING. Should the Property or any of the improvements on said property be destroyed damaged prior to the Closing, Buyer may elect to terminate this transaction or Buyer shall be entitled to any insurance proceeds applicable to such loss with Buyer having the exclusive right to settle and dispose of such insurance claims. Buyer and Escrow Holder shall assume no damage has occurred unless written notification is delivered by Seller. 6.3
Appears in 4 contracts
Samples: Purchase and Sale Contract (Windsor Park Properties 7), Windsor Park Properties 4, Windsor Park Properties 7
PROPERTY DAMAGE PRIOR TO CLOSING. Should the Property or any of the -------------------------------- improvements on said property be destroyed damaged prior to the Closing, Buyer may elect to terminate this transaction or Buyer shall be entitled to any insurance proceeds applicable to such loss with Buyer having the exclusive right to settle and dispose of such insurance claims. Buyer and Escrow Holder shall assume no damage has occurred unless written notification is delivered by Seller. 6.3.
Appears in 3 contracts
Samples: Purchase and Sale Contract (Windsor Real Estate Investment Trust 8), Purchase and Sale Contract (Windsor Real Estate Investment Trust 8), Windsor Park Properties 3
PROPERTY DAMAGE PRIOR TO CLOSING. Should the Property or any of the improvements on said property be destroyed damaged prior to the Closing, Buyer may elect to terminate this transaction or Buyer shall be entitled to any insurance proceeds applicable to such loss with Buyer having the exclusive right to settle and dispose of such insurance claims. Buyer and Escrow Holder shall assume no damage has occurred unless written notification is delivered by Seller. 6.3.
Appears in 2 contracts
Samples: Purchase and Sale Contract (Windsor Park Properties 5), Purchase and Sale Contract (Windsor Park Properties 5)
PROPERTY DAMAGE PRIOR TO CLOSING. Should the Property or any of the -------------------------------- improvements on said property be destroyed damaged prior to the Closing, Buyer may elect to terminate this transaction or Buyer shall be entitled to any insurance proceeds applicable to such loss with Buyer having the exclusive right to settle and dispose of such insurance claims. Buyer and Escrow Holder shall assume no damage has occurred unless written notification is delivered by Seller. 6.3
Appears in 1 contract
Samples: Windsor Park Properties 3
