Certain Losses. Seller agrees that in the event of any property or casualty losses or damage prior to the Closing to any of the Assets included in the Balance Sheet, Seller shall make any necessary repairs or replacement or pay to Buyer any payment necessary so that the Buyer receives such Assets (or a comparable replacement thereof) in the same condition as such Assets were in on December 31, 1996 (other than for normal wear and tear subsequent to such date).
Appears in 2 contracts
Sources: Asset Purchase Agreement (CTB International Corp), Asset Purchase Agreement (Butler Manufacturing Co)