Common use of No Substantial Damage Clause in Contracts

No Substantial Damage. The Purchaser shall have been satisfied, acting reasonably that no damage (including environmental damage) to or alteration of any of the Assets shall have occurred between the Effective Date and the Closing Date which, in the Purchaser's reasonable opinion, would materially and adversely affect the value of the Assets;

Appears in 1 contract

Sources: Purchase and Sale Agreement (Geocan Energy Inc)

No Substantial Damage. The Purchaser shall have been satisfied, acting reasonably that no damage (including environmental damage) to or alteration of any of the Assets shall have occurred between the Effective Date and the Closing Date which, in the Purchaser's reasonable opinion, would materially and adversely affect the value of the Assets;

Appears in 1 contract

Sources: Purchase and Sale Agreement (Geocan Energy Inc)