Closing After Substantial Damage. So long as this Agreement shall remain in force under Section 9.2 or 9.3, then (i) all proceeds of insurance collected prior to Closing, plus the amount of deductible under Seller's insurance policy, shall be adjusted subject to Buyer's approval and participation in any adjustment, and shall be credited to Buyer against the Purchase Price payable by Buyer at Closing, and (ii) all unpaid claims and rights in connection with losses shall be assigned to Buyer at Closing.
Appears in 6 contracts
Samples: Agreement of Sale, Agreement of Sale Five Eves (Brandywine Realty Trust), Agreement of Sale (Brandywine Realty Trust)
Closing After Substantial Damage. So long as this Agreement shall remain in force under Section 9.2 or 9.3, then (i) all proceeds of insurance collected prior to Closing, plus the amount of deductible under Seller's insurance policy, shall be adjusted subject to Buyer's approval and participation in any adjustment, and shall be credited to Buyer against the Purchase Price payable by Buyer at Closing, and (ii) all unpaid claims and rights in connection with losses shall be assigned to Buyer at Closing, including the right to adjust any such loss.
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Closing After Substantial Damage. So long as this Agreement shall remain in force under Section 9.2 or 9.3, then (i) all proceeds of insurance collected prior to Closing, plus the amount of deductible under Seller's insurance policy, shall be adjusted subject to Buyer's approval and participation in any adjustment, and shall be credited to Buyer against the Purchase Price payable by Buyer at Closing, and (ii) all unpaid claims and rights in connection with losses shall be assigned to Buyer at Closing.
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Closing After Substantial Damage. So long as this Agreement shall remain in force under Section 9.2 or 9.3, then (i) all proceeds of insurance collected prior to Closing, plus the amount of deductible under Seller's ’s insurance policy, shall be adjusted subject to Buyer's Purchaser’s reasonable approval and participation in any adjustment, and shall be credited to Buyer Purchaser against the Purchase Price payable by Buyer Purchaser at Closing, and (ii) all unpaid claims and rights in connection with losses shall be assigned to Buyer Purchaser at Closing.
Appears in 1 contract
Samples: Agreement of Sale (Wells Core Office Income Reit Inc)
