Damage to Property Sample Clauses

Damage to Property. Seller agrees to give Buyer prompt notice of any fire or other casualty affecting the Land, the Improvements or the Personal Property between the Effective Date and the Closing that would allow Buyer to terminate this Contract or that Seller reasonably estimates would cost more than $25,000 to repair. Buyer or its designated agents may enter upon the Property from time to time during normal business hours and upon advance notice to Seller in accordance with this Contract for the purpose of inspecting any such casualty. (a) If, prior to the Closing, the Property is damaged by a fire or other casualty that would cost $500,000 or more to repair, then in such event, Buyer may, at its option, elect to terminate this Contract by written notice to Seller within 20 days after the date of Seller’s notice to Buyer of the casualty or at the Closing, whichever is earlier, in which case the ▇▇▇▇▇▇▇ Money (other than the Option Money) will be refunded to Buyer, and neither party will have any further rights or obligations hereunder, other than as set forth herein with respect to rights and obligations which survive termination. If neither Buyer nor Seller timely makes its election to terminate this Contract, then the Closing will take place as provided herein without reduction of the Purchase Price, and there will be assigned to Buyer at the Closing all interest of Seller in and to any casualty insurance proceeds received or to be received by reason of such damage or destruction (net of proceeds of rental loss and business interruption insurance allocable to the period through the Closing Date, amounts expended by Seller to stabilize or repair the Property and costs incurred by Seller in making proof of loss or settling claims with insurers) and Seller shall tender at Closing the deductible amounts under Seller’s insurance policies (including business interruption and rental loss insurance of Seller that would be applicable to the period after the Closing). (b) If, prior to the Closing, the Property is damaged by a fire or other casualty that would cost less than $500,000 to repair, then in such event (i) this Contract shall not terminate, (ii) Seller keep Buyer informed of Seller’s remedial actions with respect to such fire or other casualty, and (iii) at Closing, Seller shall assign and transfer to Buyer all interest of Seller in and to any casualty insurance proceeds received or to be received by reason of such damage or destruction (net of proceeds of rental loss an...

Damage to Property. Exhibitor is liable for any damage caused by Exhibitor or its representatives to building floors, walls, or columns, or to the property of other Exhibitors. Exhibitor may not apply paint, lacquer, adhesive, or other coating to building columns or floors or to standard booth equipment.

Damage to Property. Exhibitor is liable for any damage it or its agents cause to the Venue’s floors, ceilings, walls or columns, or to standard booth equipment, or to other exhibitors’ property.

Damage to Property. Of Others 1. We will pay, at replacement cost, up to $1,000 per "occurrence" for "property damage" to property of others caused by an "insured". 2. We will not pay for "property damage": a. To the extent of any amount recoverable under Section I;

Damage to Property. The Artist shall be responsible for any and all damage to property belonging to City or any other third-party to the extent caused by any act or omission of the Artist, its agents or employees. The Artist shall be responsible for repairing any damaged property and shall pay the costs therefor.

Damage to Property. Damage to the personal property of other residents or damage to residence or residence association property is prohibited and may result in eviction from residence and an assessment for, without limitation, damages. Without limiting the forgoing, causing damage to posters and advertising materials is considered damage to personal property. See Appendix II for additional information.

Damage to Property intentional wrongful damage to the business or property of NewMil Bancorp or Subsidiary(ies), which, in NewMil Bancorp’s sole judgment, causes material harm to NewMil Bancorp or Subsidiary(ies), or

Damage to Property. (a) Any Building employee to whom any property shall be entrusted by or on behalf of Tenant shall be deemed to be acting as Tenant's agent with respect to such property and neither Landlord nor its agents shall be liable for any damage to property of Tenant or of others entrusted to employees of the Building, nor for the loss of or damage to any property of Tenant by theft or otherwise. Subject to the terms of Section 23.3 hereof, neither Landlord nor its agents shall be liable for any injury (or death) to persons or damage to property, or interruption of Tenant's business, resulting from fire or other casualty, nor shall Landlord or its agents be liable for any such injury (or death) to persons or damage caused by other tenants or persons in the Building or caused by construction of any private, public or quasi-public work, nor shall Landlord be liable for any injury (or death) to persons or damage to property or improvements, or interruption of Tenant's business, resulting from any latent defect in the Premises or in the Building. (b) If at any time any windows of the Premises are temporarily closed, darkened or bricked-up due to any Requirement or by reason of repairs, maintenance, alterations, or improvements to the Building, or any of such windows are permanently closed, darkened or bricked-up due to any Requirement, Landlord shall not be liable for any damage Tenant may sustain thereby and Tenant shall not be entitled to any compensation therefor, nor abatement or diminution of Base Rent or any other item of Rental, nor shall the same release Tenant from its obligations hereunder, nor constitute an actual or constructive eviction, in whole or in part, by reason of inconvenience or annoyance to Tenant, or injury to or interruption of Tenant's business, or otherwise, nor impose any liability upon Landlord or its agents. If at any time the windows of the Premises are temporarily closed, darkened or bricked-up, as aforesaid, Landlord shall perform such repairs, maintenance, alterations or improvements and comply with the applicable Requirements as Landlord is required to perform hereunder with reasonable diligence and otherwise take such action as may be reasonably necessary to minimize the period during which such windows are temporarily closed, darkened, or bricked-up. (c) Tenant shall immediately notify Landlord of any fire or accident in the Premises, promptly upon becoming aware of same.

Damage to Property. (a) The Parties agree that if the Property or any part thereof shall at any time during the Rental Term be destroyed or damaged by fire, lightning or civil commotion or any other unforeseen cause (except other cause arising from the default or negligence of the Tenant) so as to render the Property or any part thereof unfit for occupation and use for a period exceeding fourteen (14) days, the Landlord shall not be bound or compelled to rebuild or reinstate the same unless the Landlord, in its sole discretion thinks fit. (b) In the event of the Landlord decides to rebuild and to reinstate the Property (provided the monies payable under policy of insurance effected by the Landlord shall not have become revocable through any act or default of The Tenant) the Rental or a fair proportion thereof according to the nature of and extent of the damage sustained shall be suspended and cease to be payable until all the Property shall again be rendered fit for occupation and use. (c) In the event the Landlord decides not to rebuild or reinstate the Property then this Agreement shall be terminated from the happening of such destruction or damage as aforesaid and the following shall ensue: (i) the Tenant shall peaceable and quietly surrender and yield up possession of the Property; (ii) the Landlord shall refund to the Tenant the Rental Deposits paid by the Tenant pursuant to this Agreement free of interest within fourteen (14) days from the date of receipt by the Tenant of such notice in writing from the Landlord or the Landlord’s solicitors (failing which interest interest at the rate of ten per centum ( 10%) per annum calculated on a daily basis shall be payable to the Tenant until full settlement thereof); and (iii) thereafter, this Agreement shall become terminated and be ofno futiher effect and neither party hereto shall have any further claims, actions or proceedings against the other in respect of or arising out of this Agreement save and except for any antecedent breach.