Common use of Risk of Loss; Eminent Domain Clause in Contracts

Risk of Loss; Eminent Domain. If any portion of the Property is materially damaged by casualty before closing, or Seller negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings, or if an eminent domain proceeding is initiated, Seller will promptly inform Buyer. Either party may cancel this Contract by written notxxx xo the other within 10 days from Buyer's receipt of Seller's notification, failing which Buyer xxll close in accordance with this Contract and receive all payments made by the government authority or insurance company, if any. TITLE

Appears in 5 contracts

Samples: Newport International Group Inc, Newport International Group Inc, Newport International Group Inc

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Risk of Loss; Eminent Domain. If any portion of the Property is materially damaged by casualty before closing, closing 241 or Seller negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings, 242 proceedings or if an eminent domain proceeding is initiated, Seller will promptly inform BuyerXxxxx. Either party may cancel 243 terminate this Contract by written notxxx xo notice to the other within 10 days from Buyer's after Xxxxx’s receipt of Seller's ’s notification, 244 and Xxxxx’s deposit(s) will be returned, failing which Buyer xxll will close in accordance with this Contract and receive 245 all payments made by the government governmental authority or insurance company, if any. TITLE.

Appears in 3 contracts

Samples: Vacant Land Contract, www.beycome.com, agenda.brevardschools.org

Risk of Loss; Eminent Domain. If any portion of the Property is materially damaged by casualty before closing, or Seller negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings, or if an eminent domain proceeding is initiated, Seller will promptly inform Buyer. Either party may cancel this Contract by written notxxx xo notice to the other within 10 days from Buyer's receipt of Seller's notification, failing which Buyer xxll will close in accordance with this Contract and receive all payments made by the government authority or insurance company, if any. TITLE

Appears in 3 contracts

Samples: Calton Inc, Newport International Group Inc, Calton Inc

Risk of Loss; Eminent Domain. If any portion of the Property is materially damaged by casualty before closing, closing 241 or Seller negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings, 242 proceedings or if an eminent domain proceeding is initiated, Seller will promptly inform Buyer. Either party may cancel 243 terminate this Contract contract by written notxxx xo notice to the other within 10 days from after Buyer's ’s receipt of Seller's ’s notification, 244 and Buyer’s deposit(s) will be returned, failing which Buyer xxll will close in accordance with this Contract contract and receive 245 all payments made by the government governmental authority or insurance company, if any. TITLE.

Appears in 2 contracts

Samples: upscalerealty.co, www.homewisefl.com

Risk of Loss; Eminent Domain. If any portion of the Property is materially damaged by casualty before closing, closing 241 or Seller negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings, 242 proceedings or if an eminent domain proceeding is initiated, Seller will promptly inform Buyer. Either party may cancel 243 terminate this Contract by written notxxx xo notice to the other within 10 days from after Buyer's ’s receipt of Seller's ’s notification, 244 and Buyer’s deposit(s) will be returned, failing which Buyer xxll will close in accordance with this Contract and receive 245 all payments made by the government governmental authority or insurance company, if any. TITLE.

Appears in 2 contracts

Samples: Vacant Land Contract, Vacant Land Contract

Risk of Loss; Eminent Domain. If any portion of the Property is materially damaged by casualty before closing, closing or Seller negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings, proceedings or if an eminent domain proceeding is initiated, Seller will promptly inform Buyer. Either party may cancel terminate this Contract contract by written notxxx xo notice to the other within 10 days from after Buyer's ’s receipt of Seller's ’s notification, and Buyer’s deposit(s) will be returned, failing which Buyer xxll will close in accordance with this Contract contract and receive all payments made by the government governmental authority or insurance company, if any. TITLE.

Appears in 2 contracts

Samples: s3.amazonaws.com, isvr.acceleragent.com

Risk of Loss; Eminent Domain. If any portion of the Property is materially damaged by casualty before closing, closing 241 or Seller negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings, 242 proceedings or if an eminent domain proceeding is initiated, Seller will promptly inform BuyerXxxxx. Either party may cancel 243 terminate this Contract contract by written notxxx xo notice to the other within 10 days from Buyerafter Xxxxx's receipt of Seller's notification, 244 and Xxxxx's deposit(s) will be returned, failing which Buyer xxll will close in accordance with this Contract contract and receive 245 all payments made by the government governmental authority or insurance company, if any. TITLE.

Appears in 1 contract

Samples: www.lakelandgov.net

Risk of Loss; Eminent Domain. If any portion of the Property is materially damaged by casualty before closing, or Seller negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings, or if an eminent domain proceeding is initiated, Seller will promptly inform Buyer. Either party may cancel this Contract by written notxxx xo notice to the other within 10 ten (10) days from Buyer's ’s receipt of Seller's ’s notification, failing which Buyer xxll will close in accordance with this Contract and receive all payments made by the government authority or insurance company, if any. TITLE.

Appears in 1 contract

Samples: Contract for Purchase and Sale

Risk of Loss; Eminent Domain. If any portion of the Property is materially damaged by casualty before closing, or Seller negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings, or if an eminent domain proceeding is initiated, Seller will promptly inform BuyerXxxxx. Either party may cancel this Contract by written notxxx xo notice to the other within 10 days from BuyerXxxxx's receipt of Seller's notification, failing which Buyer xxll will close in accordance with this Contract and receive all payments made by the government authority or insurance company, if any. TITLE

Appears in 1 contract

Samples: Newport International Group Inc

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Risk of Loss; Eminent Domain. If any portion of the Property is materially damaged by casualty before closing, or Seller negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings, or if an eminent domain proceeding is initiated, Seller will promptly inform Buyer. Either party may cancel this Contract by written notxxx xo notice to the other within 10 days from Buyer's ’s receipt of Seller's ’s notification, failing which Buyer xxll will close in accordance inaccordance with this Contract and receive all payments made by the government authority or insurance company, if any. TITLE

Appears in 1 contract

Samples: Millennium Group Worldwide Inc

Risk of Loss; Eminent Domain. If any portion of the Property is materially damaged by casualty before closing, or Seller negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings, or if an eminent domain proceeding is initiated, . Seller will promptly inform Buyer. Either party may cancel this Contract by written notxxx xo notice to the other within 10 days from Buyer's receipt of Seller's notification, failing which Buyer xxll will close in accordance with this Contract and receive all payments made by the government authority or insurance company, if any. TITLE

Appears in 1 contract

Samples: National Residential Properties Nv Inc

Risk of Loss; Eminent Domain. If any portion of the Property is materially damaged by casualty casually before closing, or Seller SELLER negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings, or if an eminent domain proceeding is initiated, Seller SELLER will promptly inform BuyerBUYER. Either party may cancel this Contract by written notxxx xo notice to the other within 10 days from Buyer's BUYER'S receipt of Seller's SELLER'S notification, failing which Buyer xxll BUYER will close in accordance with this Contract and receive all payments made by the government authority or insurance company, if any. TITLETITLE SPECIAL WARRANTY DEED

Appears in 1 contract

Samples: National Residential Properties Nv Inc

Risk of Loss; Eminent Domain. If any portion of the Property is materially damaged by casualty before closing, closing 234 or Seller negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings, 235 proceedings or if an eminent domain proceeding is initiated, Seller will promptly inform Buyer. Either party may cancel 236 terminate this Contract contract by written notxxx xo notice to the other within 10 days from after Buyer's receipt of Seller's notification, 237 and Buyer's deposit(s) will be returned, failing which Buyer xxll will close in accordance with this Contract contract and 238 receive all payments made by the government governmental authority or insurance company, if any. TITLE.

Appears in 1 contract

Samples: indytitleftl.com

Risk of Loss; Eminent Domain. If any portion of the Property is materially damaged by casualty before closing, closing 239 or Seller negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings, 240 proceedings or if an eminent domain proceeding is initiated, Seller will promptly inform Buyer. Either party may cancel 241 terminate this Contract contract by written notxxx xo notice to the other within 10 days from after Buyer's ’s receipt of Seller's ’s notification, 242 and Buyer’s deposit(s) will be returned, failing which Buyer xxll will close in accordance with this Contract contract and receive 243 all payments made by the government governmental authority or insurance company, if any. TITLE.

Appears in 1 contract

Samples: www.floridaluxury.com

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