Common use of Allocation of Risk Clause in Contracts

Allocation of Risk. Seller shall bear the risk of loss to the Unit until the Closing. After Closing, Purchaser shall bear all such risk of loss.

Appears in 25 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

Allocation of Risk. Seller shall bear the risk of loss to the Unit until the Closing. After Closing, Purchaser shall bear all such risk of lossloss (subject to the insurance provisions of the Resort Declaration and the Residence Declaration).

Appears in 5 contracts

Sources: Residential Unit Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

Allocation of Risk. Seller shall bear the risk of loss to the Unit Property until the Closing. After Closing, Purchaser shall bear all such risk of loss.

Appears in 5 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement