Common use of No Substantial Damage Clause in Contracts

No Substantial Damage. There shall have been no damage to or alteration of any of the Assets between the Effective Time and the Closing Date which, in the Purchaser's reasonable opinion, would materially and adversely affect the value of the Assets, except and to the extent approved in writing by the Purchaser, provided that a change in the prices at which Petroleum Substances may be sold in no event shall be regarded as material damage to or an alteration of the Assets;

Appears in 1 contract

Sources: Purchase and Sale Agreement (Kodiak Energy, Inc.)

No Substantial Damage. There shall have been no damage to or alteration of any of the Assets between the date of this Agreement and the Effective Time Date, whichever is earlier, and the Closing Date which, in the Purchaser's reasonable opinion, would materially and adversely affect the value of the Assets, except and to the extent approved in writing by the Purchaser, provided that a change in the prices at which Petroleum Substances may be sold in no event shall be regarded as material damage to or an alteration of the Assets;

Appears in 1 contract

Sources: Agreement of Purchase and Sale (Exco Resources Inc)

No Substantial Damage. There shall have been no damage to or alteration of any of the Assets between the date of this Agreement and the Effective Time Date, whichever is earlier, and the Closing Date which, in the Purchaser's ’s reasonable opinion, would materially and adversely affect the value of the Assets, except and to the extent approved in writing by the Purchaser, provided that a change in the prices at which Petroleum Substances may be sold in no event shall be regarded as material damage to or an alteration of the Assets;

Appears in 1 contract

Sources: Purchase and Sale Agreement (Centor Energy, Inc.)