Common use of Damage or Destruction Prior to Closing Clause in Contracts

Damage or Destruction Prior to Closing. In the event that the Subject Property should be damaged by any casualty prior to closing, then if the cost of repairing such damage, as estimated by an architect or contractor retained pursuant to the mutual agreement of Seller and Purchaser, is:

Damage or Destruction Prior to Closing. In the event that the Subject Property should be damaged by any casualty prior to closing, then if the cost of repairing such damage, as estimated by an architect or contractor retained pursuant to the mutual agreement of Seller and Purchaserthe parties, is: