Common use of RISK AND INSURANCE Clause in Contracts

RISK AND INSURANCE. With effect from exchange of this contract, the Property is at the Buyer’s risk and the Seller is under no obligation to the Buyer to insure the Property. No damage to or destruction of the Property nor any deterioration in its condition, however caused, shall entitle the Buyer either to any reduction of the Purchase Price or to refuse to complete or to delay completion. Conditions 8.2.2, 8.2.3 and 8.2.4(b) do not apply to this contract.

Appears in 4 contracts

Samples: Contract for the Sale of Freehold Property, Contract for the Sale of Land, Contract for the Sale of Land

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RISK AND INSURANCE. 4.1 With effect from exchange of this contract, the Property is at the Buyer’s risk and the Seller is under no obligation to the Buyer to insure the Property. . 4.2 No damage to or destruction of the Property nor any deterioration in its condition, however caused, shall will entitle the Buyer either to any reduction of the Purchase Price or to refuse to complete or to delay completion. . 4.3 Conditions 8.2.2, 8.2.3 and 8.2.4(b) do not apply to this contract.

Appears in 2 contracts

Samples: Contract for the Sale of Freehold Land, Contract for the Sale of Freehold Land

RISK AND INSURANCE. 4.1 With effect from exchange of this contract, the Property is at the Buyer’s 's risk and the Seller is under no obligation to the Buyer to insure the Property. . 4.2 No damage to or destruction of the Property nor any deterioration in its condition, however caused, shall will entitle the Buyer either to any reduction of the Purchase Price or to refuse to complete or to delay completion. . 4.3 Conditions 8.2.2, 8.2.3 and 8.2.4(b) do not apply to this contract.

Appears in 2 contracts

Samples: Contract for the Sale of Freehold Land, Contract for the Sale of Freehold Land

RISK AND INSURANCE. 4.1 With effect from exchange of this contract, the Property is at the Buyer’s 's risk and the Seller is under no obligation to the Buyer to insure the Property. . 4.2 No damage to or destruction of the Property nor any deterioration in its condition, however caused, shall will entitle the Buyer either to any reduction of the Purchase Price or to refuse to complete or to delay completion. . 4.3 Conditions 8.2.27.1.2, 8.2.3 7.1.3 and 8.2.4(b7.1.4(b) do not apply to this contract.

Appears in 1 contract

Samples: Contract for the Sale and Leaseback of Land and Buildings (Gse Systems Inc)

RISK AND INSURANCE. 4.1 With effect from exchange of this contract, the Property is at the Buyer’s 's risk and the Seller is under no obligation to the Buyer to insure the Property. . 4.2 No damage to or destruction of the Property Property, nor any deterioration in its condition, however caused, shall will entitle the Buyer [either to any reduction of the Purchase Price or or] to refuse to complete or to delay completion. . 4.3 Conditions 8.2.2, 8.2.3 and 8.2.4(b) do not apply to this contract.

Appears in 1 contract

Samples: Contract for the Sale of Leasehold Land

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RISK AND INSURANCE. 4.1 With effect from exchange of this contract, the Property is at the Buyer’s risk and the Seller is under no obligation to the Buyer to insure the Property. . 4.2 No damage to or destruction of the Property nor any deterioration in its condition, however caused, shall entitle the Buyer either to any reduction of the Purchase Price or to refuse to complete or to delay completion. . 4.3 Conditions 8.2.2, 8.2.3 and 8.2.4(b) do not apply to this contract.

Appears in 1 contract

Samples: Contract for the Sale of Freehold Land

RISK AND INSURANCE. 4.1 With effect from exchange of this contract, the Property is at the Buyer’s 's risk and the Seller is under no obligation to the Buyer to insure the Property. . 4.2 No damage to or destruction of the Property Property, nor any deterioration in its condition, however caused, shall will entitle the Buyer either to any reduction of the Purchase Price or to refuse to complete or to delay completion. . 4.3 Conditions 8.2.27.1.2, 8.2.3 7.1.3 and 8.2.4(b7.1.4(b) do not apply to this contract.

Appears in 1 contract

Samples: Contract for Sale and Purchase (Costar Group Inc)

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