Common use of Condition of the Properties Clause in Contracts

Condition of the Properties. (a) None of the Properties or other assets of Target are subject to Condemnation and, to the Knowledge of Seller, no proceedings for Condemnation are pending or have been threatened in writing. (b) There are no other Casualty Losses affecting any of the Properties.

Appears in 2 contracts

Sources: Interest Purchase Agreement (Energy 11, L.P.), Interest Purchase Agreement (Natural Resource Partners Lp)