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. 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 as further provided herein. 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 agrees to maintain existing insurance and 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 as further provided hereinand 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 occursClosing. Seller agrees to maintain existing insurance through the Closing Date and Buyer may purchase additional insurance. In the event of substantial damage or destruction prior to closingClosing, this Agreement shall be null and void; provided, however, Buyer shall have the option to complete the closing as further provided hereinClosing 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 as of the date of destruction or damage on or before the closing 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 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 as further provided hereinand 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 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 BUYER shall have the option to complete the closing as further provided herein. The property and shall be deemed substantially damaged or destroyed if it cannot be restored entitled to its present condition on or before receive any insurance proceeds payable as a result of the closing dateloss.

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