Risk of Loss After Project Substantial Completion Date. Risk of loss to the Project shall pass to Purchaser on the Project Substantial Completion Date or the earlier termination of this Agreement, unless such loss or damage is (i) caused by Seller, a Subcontractor, a party over whom Seller has control, or any Affiliate of Seller, in which case Seller shall solely be liable for Purchaser’s insurance deductible or (ii) covered by the warranties provided by Seller pursuant to Article 13.
Appears in 7 contracts
Samples: Membership Interest Purchase, Project Development and Construction Management Agreement, Membership Interest Purchase, Project Development and Construction Management Agreement, Membership Interest Purchase, Project Development and Construction Management Agreement
