Common use of Physical Condition of Property Clause in Contracts

Physical Condition of Property. Subject to the provisions of Article 13 hereof, the physical condition of the Property shall be substantially the same on the Closing Date as on the Execution Date, except for reasonable wear and tear.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Harveys Casino Resorts), Purchase and Sale Agreement (Harveys Casino Resorts)

Physical Condition of Property. Subject to the provisions of Article 13 hereofSection 12 below, the physical condition of the Property shall be substantially the same on the Closing Date as on the Execution Dateexpiration of the Due Diligence Period, except for reasonable excepting casualties (which shall be governed by Section 12 below) and normal wear and tear.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Apartment Investment & Management Co)

Physical Condition of Property. Subject to the provisions of Article 13 hereofSection 11 below, the physical condition of the Property shall be substantially the same on the Closing Date as on the Execution Date, except for reasonable wear and teartear and any damages due to any act of Transferee, the Other Partners or their respective representatives.

Appears in 1 contract

Sources: Acquisition and Contribution Agreement (Apartment Investment & Management Co)