Risk of Fire Sample Clauses

Risk of Fire. Tenants shall not engage in any acts which would violate or increase the fire insurance policy on the Premises; nor shall the Premises be used for any illegal purpose.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
Risk of Fire. CASUALTY LOSS. Risk of loss or damage by fire or other casualty through the date of Closing shall remain with Seller. If all or a material portion of the Property is damaged by fire or other casualty prior to Closing, Purchaser may elect by written notice to Seller and Escrow Agent (i) to terminate this Agreement and receive a refund of the Earnxxx Xxxey. whereupon this Agreement shall terminate, and the parties hereto shall have no further rights or obligations hereunder, except for any right or obligation under any Paragraph hereof which by its terms survives any termination hereof, or (ii) to keep the Agreement in full force and effect, whereupon the Purchase Price shall be reduced at Closing by all insurance proceeds actually awarded to Seller and not expended for restoration of the Property.
Sample 1

Related to Risk of Fire

  • Rights of First Refusal The Company is not obligated to offer the securities offered hereunder on a right of first refusal basis or otherwise to any third parties including, but not limited to, current or former stockholders of the Company, underwriters, brokers, agents or other third parties.

  • Violation of First Refusal Right If any Key Holder becomes obligated to sell any Transfer Stock to the Company or any Investor under this Agreement and fails to deliver such Transfer Stock in accordance with the terms of this Agreement, the Company and/or such Investor may, at its option, in addition to all other remedies it may have, send to such Key Holder the purchase price for such Transfer Stock as is herein specified and transfer to the name of the Company or such Investor (or request that the Company effect such transfer in the name of an Investor) on the Company’s books any certificates, instruments, or book entry representing the Transfer Stock to be sold.

  • Certain Restrictions (A) Whenever quarterly dividends or other dividends or distributions payable on the Series A Preferred Stock as provided in Section 2 are in arrears, thereafter and until all accrued and unpaid dividends and distributions, whether or not declared, on shares of Series A Preferred Stock outstanding shall have been paid in full, the Corporation shall not:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!