Risk of Fire Sample Clauses
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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.
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 Earn▇▇▇ ▇▇▇ey. 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.