Common use of Damage Clause in Contracts

Damage. If prior to Closing the Property is damaged by fire or other casualty, Seller shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s estimation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty.

Appears in 14 contracts

Samples: Agreement of Purchase and Sale, Purchase and Sale Agreement (Lighting Science Group Corp), Agreement of Purchase and Sale (Amerivest Properties Inc)

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Damage. If prior to Closing the Property is damaged by fire or other casualty, Seller shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s 's estimation (the "Casualty Notice") as soon as reasonably possible after the occurrence of the casualty.

Appears in 7 contracts

Samples: Purchase and Sale Agreement (Plymouth Industrial REIT Inc.), Agreement of Purchase and Sale (Apple Residential Income Trust Inc), Purchase and Sale Agreement (Carrington Laboratories Inc /Tx/)

Damage. If If, prior to Closing Closing, the Property is damaged by fire or other casualty, Seller shall shall, in consultation with its insurance adjuster or other representative, reasonably estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s such estimation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Tuesday Morning Corp/De), Purchase and Sale Agreement (Tuesday Morning Corp/De), Purchase and Sale Agreement

Damage. If prior to Closing the Property is damaged by fire or other casualty, Seller shall immediately give Purchaser written notice thereof (including a reasonably detailed description of the damage to the Property, and Seller shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s estimation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Stryve Foods, Inc.), Purchase and Sale Agreement (Industrial Income Trust Inc.)

Damage. If prior to Closing the Property is damaged by fire or other casualtycasualty requiring repairs in excess of $25,000.00 to repair, Seller shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s 's estimation (the "Casualty Notice") as soon as reasonably possible after the occurrence of the casualty.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Cole Credit Property Trust V, Inc.), Purchase and Sale Agreement (Strategic Storage Trust IV, Inc.)

Damage. If prior to Closing the Property is damaged by fire or other casualty, Seller shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s 's estimation (the “Casualty Notice”"CASUALTY NOTICE") as soon as reasonably possible after the occurrence of the casualty.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Inland Western Retail Real Estate Trust Inc), Purchase and Sale Agreement (Inland Western Retail Real Estate Trust Inc)

Damage. If prior to Closing the Real Property is damaged by fire or other casualty, Seller shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser Buyer written notice of Seller’s estimation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Hines Real Estate Investment Trust Inc), Agreement of Purchase and Sale (Rexford Industrial Realty, Inc.)

Damage. If prior to Closing the Property is damaged by fire or other casualtydamaged, Seller shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s 's estimation (the "Casualty Notice") as soon as reasonably possible after the occurrence of the casualty.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Berkshire Income Realty Inc), Agreement of Purchase and Sale (Berkshire Income Realty Inc)

Damage. If prior to Closing the Property is damaged by fire or other casualty, Seller shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s estimation such casualty (the “Casualty Notice”"CASUALTY NOTICE") as soon as reasonably possible after the occurrence of the casualtycasualty and, in any event, before Closing. The Casualty Notice shall include a reasonably detailed description of the nature and extent of the casualty damage and Seller's estimation of the cost to repair same.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Hittite Microwave Corp)

Damage. If prior to Closing the Property is damaged by fire or other casualty, Seller shall obtain from an independent engineer a good faith estimate of the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s such estimation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hines Real Estate Investment Trust Inc)

Damage. If prior to Closing the any Property is damaged by fire or other casualtycasualty requiring repairs in excess of $25,000.00 to repair, Seller Sellers shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s Sellers’ estimation (the "Casualty Notice") as soon as reasonably possible after the occurrence of the casualty.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Strategic Storage Trust IV, Inc.)

Damage. If prior to Closing the Property is damaged by fire or other casualty, Seller shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s 's estimation (the "Casualty Notice") as soon as reasonably possible after the --------------- occurrence of the casualty.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Wells Real Estate Investment Trust Inc)

Damage. If prior to Closing the Property is damaged by fire or other casualty, Seller shall shall, promptly upon receiving actual knowledge thereof notify Purchaser of the same, and estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s estimation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Asbury Automotive Group Inc)

Damage. If prior to any Closing any portion of the applicable Property is damaged by fire or other casualty, the applicable Seller shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of such Seller’s estimation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Amerivest Properties Inc)

Damage. If prior to Closing the Property Properly is damaged by fire or other casualty, Seller shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s estimation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Wells Mid-Horizon Value-Added Fund I LLC)

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Damage. If prior to Closing the Property is damaged by fire or other casualty, Seller shall promptly provide Purchaser with notice thereof. Seller shall then reasonably estimate the cost to repair and the time required to complete repairs and will promptly provide Purchaser written notice of Seller’s 's estimation (the "Casualty Notice") as soon as reasonably possible after the occurrence of the casualtycasualty (but in no event later than the Closing).

Appears in 1 contract

Samples: Agreement of Purchase and Sale (American Industrial Properties Reit Inc)

Damage. If prior to Closing the a Property is damaged by fire or other casualty, the appropriate Seller shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s estimation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty.

Appears in 1 contract

Samples: Purchase and Sale Agreement (KBS Strategic Opportunity REIT, Inc.)

Damage. If prior to Closing the a Property is damaged by fire or other casualty, the Seller thereof shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s 's estimation (the "Casualty Notice") as soon as reasonably possible after the occurrence of the casualty.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Preferred Apartment Communities Inc)

Damage. If prior to Closing the Real Property is damaged by fire or other casualty, Seller Sellers shall estimate the cost to repair and the time required to complete repairs (both of which shall be supported by independent third party reports) and will provide Purchaser Buyer written notice of Seller’s Sellers’ estimation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Industrial Property Trust Inc.)

Damage. If prior to Closing the Property is damaged by fire or other casualtycasualty requiring repairs in excess of $25,000.00 to repair, Seller shall estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s estimation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Strategic Storage Growth Trust, Inc.)

Damage. If prior to Closing any of the Property is Properties are damaged by fire or other casualty, Seller shall promptly estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s estimation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty, but in no event more than ten (10) days after the occurrence thereof.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Plymouth Industrial REIT Inc.)

Damage. If prior to Closing the Real Property is damaged by fire or other casualty, Seller shall estimate the cost to repair and the time required to complete repairs (both of which shall be supported by independent third party reports) and will promptly provide Purchaser Buyer written notice of Seller’s estimation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Terreno Realty Corp)

Damage. If prior to Closing the Property is damaged by fire or other casualty, Seller shall estimate promptly give Purchaser written notice thereof (including a reasonably detailed description of the damage to the Property), and Seller shall estimate, in Seller’s reasonable judgment, the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s estimation (the “Casualty Notice) as soon as reasonably possible after the occurrence of the casualty.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Iradimed Corp)

Damage. If prior to Closing the Property any Project is damaged by fire or other casualty, Seller shall promptly notify Purchaser of the casualty and estimate the cost to repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s 's estimation (the "Casualty Notice") as soon as reasonably possible after the occurrence of the casualty.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (American Industrial Properties Reit Inc)

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