Common use of Damage or Injury Clause in Contracts

Damage or Injury. The Improvements shall not have been materially damaged by fire or other casualty unless there shall have been received, by Lender or a person approved by Lender, insurance proceeds sufficient in the sole judgment of Lender and the Consulting Professional, to effect satisfactory restoration and completion of the Improvements on or before the Outside Completion Date.

Appears in 2 contracts

Samples: Project Loan Agreement (Agree Realty Corp), Project Loan Agreement (Agree Realty Corp)

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Damage or Injury. The Improvements shall not have been materially damaged by fire or other casualty unless there shall have been received, received by Lender Agent or a person approved by LenderAgent, or unless the relevant insurance company shall have confirmed coverage for such casualty and committed to disburse, insurance proceeds sufficient in the sole judgment of Lender Agent and the Consulting Professional, to effect satisfactory restoration and completion of the Improvements on or before the Outside Completion Date.

Appears in 2 contracts

Samples: Construction Loan Agreement (Taubman Realty Group LTD Partnership), Construction Loan Agreement (Taubman Centers Inc)

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Damage or Injury. The Improvements shall not have been materially damaged by fire or other casualty Casualty unless there shall have been received, by Lender or a person approved by Lenderthe Agent, insurance proceeds sufficient in the sole judgment of Lender and the Consulting ProfessionalAgent, to effect satisfactory restoration and completion Completion of the Improvements on or before the Outside Completion Date.;

Appears in 1 contract

Samples: Participation Agreement (Safeskin Corp)

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