Common use of Material Damage Clause in Contracts

Material Damage. Prior to the Closing Date, no material damage, destruction, casualty or loss (whether or not covered by insurance) and no other event or condition materially and adversely affecting the Assets shall have occurred.

Appears in 3 contracts

Sources: Purchase, Sale and License Agreement (Planet Polymer Technologies Inc), Purchase and Sale Agreement (Planet Polymer Technologies Inc), Purchase, Sale and License Agreement (Planet Polymer Technologies Inc)

Material Damage. Prior to the Closing DateClosing, no material ----------------- damage, destruction, casualty or loss (whether or not covered by insurance) and no other event or condition materially and adversely affecting the Assets Assets, shall have have, occurred.

Appears in 1 contract

Sources: Asset Purchase Agreement (Albara Corp)