Common use of Risk of Loss and Insurance Clause in Contracts

Risk of Loss and Insurance. SELLER shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLER agree to maintain existing insurance and BUYER may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYER shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLER shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLER agree agrees to maintain existing insurance and BUYER may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYER shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property Property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing dateClosing Date.

Risk of Loss and Insurance. SELLER shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLER agree agrees to maintain existing insurance and BUYER BIDDER may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYER BIDDER shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLER Seller shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLER agree Seller agrees to maintain existing insurance and BUYER Buyer may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYER Buyer shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLER BUYER shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLER agree agrees to maintain existing insurance and BUYER may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null remain in effect and void; provided, however, BUYER shall have the option to complete the closing and shall be entitled to receive any insurance proceeds regardless payable as a result of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing dateloss.

Risk of Loss and Insurance. SELLER Seller shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLER agree Seller agrees to maintain existing insurance and BUYER BUYERS may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYER Buyers shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLER Seller shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occursclosing. SELLER agree Seller agrees to maintain existing insurance insurance, and BUYER Buyer may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYER shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLER Sellers shall bear the risk of loss or damage to the Property property prior to closing or possession, whichever first occursclosing. SELLER Sellers agree to maintain existing insurance and BUYER Buyers may purchase additional insurance. In the event of substantial damage or destruction prior to closing, closing this Agreement agreement shall be null and void; provided, however, BUYER Buyers shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored repaired to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLER shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLER agree agrees to maintain existing insurance insurance, and BUYER may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYER shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLER Sellers shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLER Sellers agree to maintain existing insurance and BUYER Buyers may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYER Buyers shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property Property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.