Common use of RISK OF THE PROPERTY Clause in Contracts

RISK OF THE PROPERTY. 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 166 contracts

Sources: Facility Agreement, Facilities Agreement, Facilities Agreement

RISK OF THE PROPERTY. 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- non-occupation or otherwise.

Appears in 130 contracts

Sources: Loan Agreement Cum Deed of Assignment and Power of Attorney, Facility Agreement, Proclamation of Sale

RISK OF THE PROPERTY. a. (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 (including by fire or other accidents, state of cultivation, non-occupation or otherwise) shall pass to the Purchaser. b. (b) The Purchaser shall at his/her/its own costs insure the Property against damage by fire, usual perils, other accidentaccidents, state of cultivation, non- occupation or otherwise.

Appears in 65 contracts

Sources: Facility Agreement, Facility Agreement, Facilities Agreement

RISK OF THE PROPERTY. a. (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 (including by fire or other accidents, state of cultivation, non-occupation or otherwise) shall pass to the Purchaser. b. (b) The Purchaser shall at his/her/its own costs insure the Property against damage by fire, usual perils, other accidentaccidents, state of cultivation, non- non-occupation or otherwise.

Appears in 5 contracts

Sources: Facility Agreement, Facilities Agreement, Facility Agreement

RISK OF THE PROPERTY. 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 cultivationcultivati on, non- occupation or otherwise.

Appears in 2 contracts

Sources: Proclamation of Sale, Facilities Agreement

RISK OF THE PROPERTY. a. Upon the fall of the hammer all risks of the Property as regards to any loss, damage or depreciation thereof arising of whatsoever whats oever 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 1 contract

Sources: Property Sale Agreement

RISK OF THE PROPERTY. a. Upon the fall of the hammer all risks of the Property as regards to any loss, damage or depreciation thereof arising of whatsoever whats oever 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 cultivationcultivati on, non- occupation or otherwise.

Appears in 1 contract

Sources: Loan Agreement Cum Deed of Assignment and Power of Attorney