Representation / Warranty. a. Upon the fall of the hammer all risks of the Property as regards to any loss, damage or depreciation thereof arising of whatsoever nature or howsoever occurring shall pass to the Purchaser. b. The Purchaser shall at own costs insure the Property against damage by fire, usual perils, other accident, state of cultivation, non-occupation or otherwise.
Appears in 3 contracts
Sources: Facilities Agreement, Facilities Agreement, Facilities Agreement