Risk of Loss; Notice. Prior to Closing and the delivery of possession of the Property to Buyer in accordance with this Contract, all risk of loss to the Property (whether by casualty, condemnation or otherwise) shall be borne by Seller. In the event that (a) any loss or damage to the Hotel shall occur prior to the Closing Date as a result of fire or other casualty, or (b) Seller receives notice that a governmental authority has initiated or threatened to initiate a condemnation proceeding affecting the Hotel, Seller shall give Buyer immediate written notice of such loss, damage or condemnation proceeding (which notice shall include a certification of (i) the amounts of insurance coverages in effect with respect to the loss or damage and (ii) if known, the amount of the award to be received in such condemnation).
Risk of Loss; Notice. Prior to Closing and the delivery of possession of the Property to Buyer in accordance with this Contract, all risk of loss to the Property (whether by casualty, condemnation or otherwise) shall be borne by Seller. In the event that (a) any loss or damage to the Hotel shall occur prior to the Closing Date as a result of fire or other casualty, or
Risk of Loss; Notice. Prior to Closing, all risk of loss to the Property (whether by casualty, condemnation or otherwise) shall be borne by Seller. In the event that (i) any loss or damage to the Property shall occur prior to the Closing Date as a result of fire or other casualty, or (ii) Seller receives notice that a governmental authority has initiated or threatened to initiate a condemnation proceeding affecting the Property, Seller shall promptly notify Purchaser of same in writing (which notice shall include a certification of (x) the amounts of insurance coverages in effect with respect to the loss or damage and (y) if known, the amount of the award to be received in such condemnation).
Risk of Loss; Notice. 15 Section 8.2
Risk of Loss; Notice. The risk of loss or damage to the Property by fire or other casualty prior to the date of Closing is borne by Seller. Seller shall give Buyer written notice of any destruction of any part of the Property or the commencement of any condemnation proceedings between the Effective Date and the Closing Date.
Risk of Loss; Notice. Prior to Closing and the delivery of possession of the Acquired Assets to Purchaser in accordance with this Agreement, all risk of loss to the Acquired Assets (whether by casualty, condemnation or otherwise) shall be borne by Seller. In the event that (a) any loss or damage to the Acquired Assets shall occur prior to the Closing Date as a result of fire or other casualty, or (b) Seller receives notice that a governmental authority has initiated or threatened to initiate a condemnation proceeding affecting the Land, Seller shall give Purchaser immediate written notice of such loss, damage or condemnation proceeding (which notice shall include a certification of (i) the amounts of insurance coverages in effect with respect to the loss or damage and (ii) if known, the amount of the award to be received in such condemnation).
Risk of Loss; Notice. Prior to Closing and the delivery of possession of the Property to AEGIS in accordance with this Agreement, all risk of loss to the Property (whether by casualty, condemnation or otherwise) shall be borne by Southgate and the Contributors. In the event that (a) any loss or damage to the Property shall occur prior to the Closing Date as a result of fire or other casualty, or (b) Southgate receives notice that a governmental authority has initiated or threatened to initiate a condemnation proceeding affecting the Property, Southgate shall give AEGIS immediate written notice of such loss, damage or condemnation proceeding.
Risk of Loss; Notice. Prior to Closing and the delivery of possession of the Property to AEGIS in accordance with this Agreement, all risk of loss to the Property (whether by casualty, condemnation or otherwise) shall be borne by Crossroads and the Contributors. In the event that (a) any loss or damage to the Property shall occur prior to the Closing Date as a result of fire or other casualty, or (b) Crossroads receives notice that a governmental authority has initiated or threatened to initiate a condemnation proceeding affecting the Property, Crossroads shall give AEGIS immediate written notice of such loss, damage or condemnation proceeding.
Risk of Loss; Notice. No loss of, or damage to, the Equipment from any cause whatsoever, including any Casualty Event shall relieve Borrower from its Obligations except as expressly provided in this Section 6. Borrower shall promptly (and in any event within ten (10) days) provide Lender with written notice of any Casualty Event to any Equipment for which the repairs or replacement costs are likely to exceed the lesser of: (i) twenty percent (20%) of the original cost thereof, or (ii) Fifty Thousand Dollars ($50,000). Each such notice must be provided together with all damage reports provided to any governmental authority, insurer, or Supplier, and all documents pertaining to the repair of such Casualty Equipment, including copies of work orders, and all invoices for related charges. Lender shall be under no duty to Borrower to pursue any claim against any Person in connection with a Total Loss or other Casualty Event.
Risk of Loss; Notice. Prior to Closing and the delivery of -------------------- possession of the Hotel to Purchaser in accordance with this Agreement, all risk of loss to the Hotel (whether by casualty, condemnation or otherwise) shall be borne by Seller. In the event that (a) any loss or damage to the Hotel shall occur prior to the Closing Date as a result of fire or other casualty, or (b) Seller receives notice that a governmental authority has initiated or threatened to initiate a condemnation proceeding affecting the Hotel, Seller shall give Purchaser immediate written notice of such loss, damage or condemnation proceeding. HOTEL PURCHASE AGREEMENT - Page 28 ------------------------
