{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-business", "type": "clause", "offset": [0, 12]}, {"key": "the-seller-shall", "type": "clause", "offset": [97, 113]}, {"key": "affected-by", "type": "definition", "offset": [156, 167]}, {"key": "other-services", "type": "clause", "offset": [257, 271]}, {"key": "water-supply", "type": "clause", "offset": [306, 318]}, {"key": "civil-disturbance", "type": "clause", "offset": [335, 352]}, {"key": "armed-forces", "type": "clause", "offset": [376, 388]}, {"key": "act-of-god", "type": "clause", "offset": [392, 402]}, {"key": "other-event", "type": "definition", "offset": [427, 438]}], "samples": [{"hash": "kilV37cztRU", "uri": "/contracts/kilV37cztRU#material-damage", "label": "Asset Purchase Agreement (GO EZ Corp)", "score": 24.8042430878, "published": true}, {"hash": "f9AJMAgoBZa", "uri": "/contracts/f9AJMAgoBZa#material-damage", "label": "Asset Purchase Agreement (GO EZ Corp)", "score": 24.7056808472, "published": true}, {"hash": "aVFCGvcRfyB", "uri": "/contracts/aVFCGvcRfyB#material-damage", "label": "Asset Purchase Agreement (GO EZ Corp)", "score": 24.4893913269, "published": true}], "size": 7, "snippet": "The business, operations, Assets, properties, prospects or condition (financial or otherwise) of the Seller shall not be, or be threatened to be, adversely affected by fire, explosion, earthquake, disaster, accident, cessation or interruption of utility or other services, flood, drought, contamination of water supply, embargo, riot, civil disturbance, uprising, activity of armed forces or act of God or public enemy, or any other event or occurrence.", "hash": "d05595567a19cb884421e384beb1afcd", "id": 1}, {"snippet_links": [{"key": "in-the-event-of", "type": "clause", "offset": [0, 15]}, {"key": "destruction-of-the-property", "type": "clause", "offset": [42, 69]}, {"key": "prior-to-closing", "type": "definition", "offset": [93, 109]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [141, 165]}, {"key": "notice-thereof", "type": "clause", "offset": [188, 202]}, {"key": "to-seller", "type": "definition", "offset": [203, 212]}, {"key": "expiration-of", "type": "clause", "offset": [230, 243]}, {"key": "days-after", "type": "definition", "offset": [253, 263]}, {"key": "notice-to-purchaser", "type": "clause", "offset": [302, 321]}, {"key": "the-closing-date", "type": "clause", "offset": [326, 342]}, {"key": "the-\u2587", "type": "clause", "offset": [384, 389]}, {"key": "the-parties-hereto", "type": "clause", "offset": [437, 455]}, {"key": "no-further-rights-or-obligations", "type": "clause", "offset": [467, 499]}, {"key": "terms-survive", "type": "clause", "offset": [542, 555]}, {"key": "termination-of-this-agreement", "type": "clause", "offset": [560, 589]}, {"key": "the-parties-shall", "type": "clause", "offset": [647, 664]}, {"key": "on-schedule", "type": "definition", "offset": [704, 715]}, {"key": "subject-to", "type": "clause", "offset": [717, 727]}, {"key": "extension-of-closing", "type": "clause", "offset": [728, 748]}, {"key": "as-of-closing", "type": "clause", "offset": [773, 786]}, {"key": "seller-shall", "type": "clause", "offset": [791, 803]}, {"key": "representation-or-warranty", "type": "clause", "offset": [833, 859]}, {"key": "all-of-seller", "type": "definition", "offset": [891, 904]}, {"key": "insurance-proceeds", "type": "clause", "offset": [938, 956]}, {"key": "damage-or-destruction", "type": "clause", "offset": [988, 1009]}, {"key": "insurance-policy", "type": "definition", "offset": [1042, 1058]}, {"key": "for-purchaser", "type": "definition", "offset": [1175, 1188]}, {"key": "responsibility-for", "type": "clause", "offset": [1303, 1321]}, {"key": "needed-repairs", "type": "clause", "offset": [1326, 1340]}, {"key": "credit-at-closing", "type": "clause", "offset": [1405, 1422]}, {"key": "deductible-amount", "type": "definition", "offset": [1431, 1448]}, {"key": "for-the-purposes-of-this-agreement", "type": "clause", "offset": [1545, 1579]}, {"key": "materially-damaged", "type": "definition", "offset": [1604, 1622]}, {"key": "to-repair", "type": "clause", "offset": [1704, 1713]}, {"key": "comply-with", "type": "definition", "offset": [1817, 1828]}, {"key": "legal-requirement", "type": "definition", "offset": [1833, 1850]}], "samples": [{"hash": "e8E6CDuCYR6", "uri": "/contracts/e8E6CDuCYR6#material-damage", "label": "Purchase and Sale Agreement (Star Equity Holdings, Inc.)", "score": 33.3463363647, "published": true}], "size": 6, "snippet": "In the event of any Material Damage to or destruction of the Property or any portion thereof prior to Closing, Purchaser may, at its option, terminate this Agreement by delivering written notice thereof to Seller on or before the expiration of ten (10) days after the date Seller delivers the Casualty Notice to Purchaser (or the Closing Date, if earlier). Upon any such termination, the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Money shall be returned to Purchaser and the parties hereto shall have no further rights or obligations hereunder, other than those that by their terms survive the termination of this Agreement. If Purchaser does not so terminate this Agreement, then the parties shall proceed under this Agreement and close on schedule (subject to extension of Closing as provided above), and as of Closing (a) Seller shall assign to Purchaser, without representation or warranty by or recourse against Seller, all of Seller\u2019s rights in and to any resulting insurance proceeds due Seller as a result of such damage or destruction, provided, however, if Seller\u2019s insurance policy(ies) does(do) not permit such assignment, then Seller shall collect all such insurance proceeds, hold same in trust for Purchaser\u2019s benefit and promptly remit such proceeds to Purchaser upon any receipt thereof, (b) Purchaser shall assume full responsibility for all needed repairs as a result of such casualty, and (c) Purchaser shall receive a credit at Closing for any deductible amount under any insurance policy covering the Property as well as any uninsured or underinsured loss. For the purposes of this Agreement, \u201cMaterial Damage\u201d and \u201cMaterially Damaged\u201d means damage which (1) in Purchaser\u2019s reasonable estimation, exceeds $50,000.00 to repair or could take longer than 30 days to repair, or (2) could cause any portion of the Property to fail to comply with any Legal Requirement.", "hash": "34f0cd9e062da3e5eff6ca56287b4b5b", "id": 3}, {"snippet_links": [{"key": "business-and-properties", "type": "clause", "offset": [4, 27]}, {"key": "taken-as-a-whole", "type": "clause", "offset": [41, 57]}, {"key": "materially-adverse", "type": "definition", "offset": [134, 152]}, {"key": "the-enterprise", "type": "clause", "offset": [156, 170]}, {"key": "labor-dispute", "type": "clause", "offset": [247, 260]}, {"key": "civil-disturbance", "type": "clause", "offset": [293, 310]}, {"key": "armed-forces", "type": "clause", "offset": [334, 346]}, {"key": "act-of-god", "type": "clause", "offset": [350, 360]}], "samples": [{"hash": "c3JwUuxNnx3", "uri": "/contracts/c3JwUuxNnx3#material-damage", "label": "Stock Purchase Agreement (Westower Corp)", "score": 16.0, "published": true}], "size": 4, "snippet": "The business and properties of Westower, taken as a whole, shall not have been and shall not be threatened to be, affected in any way materially adverse to the enterprise of Westower as a result of fire, explosion, earthquake, disaster, accident, labor dispute, flood, drought, embargo, riot, civil disturbance, uprising, activity of armed forces or act of God or public enemy.", "hash": "3232ae22aa5c2622fe3c13f45e56eccc", "id": 10}, {"snippet_links": [{"key": "no-material-damage", "type": "clause", "offset": [0, 18]}, {"key": "in-section-3", "type": "clause", "offset": [31, 43]}, {"key": "the-aircraft-shall", "type": "clause", "offset": [81, 99]}], "samples": [{"hash": "f1BI1cW3cui", "uri": "/contracts/f1BI1cW3cui#material-damage", "label": "Purchase Agreement (Air T Inc)", "score": 29.867898941, "published": true}, {"hash": 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"/contracts/acedjAvggik#material-damage", "label": "Purchase, Sale and License Agreement (Planet Polymer Technologies Inc)", "score": 19.0, "published": true}, {"hash": "ieasiEENxKI", "uri": "/contracts/ieasiEENxKI#material-damage", "label": "Purchase and Sale Agreement (Planet Polymer Technologies Inc)", "score": 18.0, "published": true}, {"hash": "4prfPQ87wRh", "uri": "/contracts/4prfPQ87wRh#material-damage", "label": "Purchase, Sale and License Agreement (Planet Polymer Technologies Inc)", "score": 16.0, "published": true}], "size": 4, "snippet": "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.", "hash": "dc410d0a309541d15a50fafbf28a7513", "id": 8}, {"snippet_links": [{"key": "prior-to-the-closing", "type": "clause", "offset": [3, 23]}, {"key": "the-property", "type": "clause", "offset": [25, 37]}, {"key": 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{"key": "the-deposit", "type": "clause", "offset": [581, 592]}, {"key": "the-escrow", "type": "definition", "offset": [610, 620]}, {"key": "the-party", "type": "clause", "offset": [642, 651]}, {"key": "seller-shall", "type": "clause", "offset": [690, 702]}, {"key": "responsible-for", "type": "clause", "offset": [711, 726]}, {"key": "fifty-percent", "type": "definition", "offset": [727, 740]}, {"key": "cancellation-fees", "type": "clause", "offset": [770, 787]}, {"key": "reduction-in", "type": "definition", "offset": [853, 865]}, {"key": "the-purchase-price", "type": "clause", "offset": [866, 884]}, {"key": "a-credit", "type": "definition", "offset": [897, 905]}, {"key": "insurance-deductible", "type": "clause", "offset": [914, 934]}, {"key": "to-receive", "type": "definition", "offset": [973, 983]}, {"key": "assignment-of", "type": "definition", "offset": [987, 1000]}, {"key": "all-of-seller", "type": "definition", "offset": [1001, 1014]}, {"key": "insurance-proceeds", "type": 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"for-purchaser", "type": "definition", "offset": [1922, 1935]}, {"key": "receipt-of-notice", "type": "definition", "offset": [1977, 1994]}], "samples": [{"hash": "80x2gFkPRgT", "uri": "/contracts/80x2gFkPRgT#material-damage", "label": "Purchase and Sale Agreement (Excel Trust, Inc.)", "score": 23.162902832, "published": true}, {"hash": "g9AbGg4lWHr", "uri": "/contracts/g9AbGg4lWHr#material-damage", "label": "Purchase and Sale Agreement (Excel Trust, Inc.)", "score": 21.7392196655, "published": true}], "size": 6, "snippet": "If prior to the Closing, the Property is materially damaged (as defined in Section 18(d)), Purchaser shall have the right, exercisable by giving written notice to Seller within five (5) Business Days after receiving written notice of such damage or destruction (but in any event prior to the Closing), either (i) to terminate this Agreement, in which case neither party shall have any further rights or obligations hereunder (except with respect to rights and obligations herein which expressly survive termination of this Agreement), and any money (including, without limitation, the Deposit) or documents in the Escrow shall be returned to the party depositing the same and Purchaser and Seller shall each be responsible for fifty percent (50%) of any title or escrow cancellation fees, or (ii) to accept the Property in its then condition, without a reduction in the Purchase Price (except for a credit for the insurance deductible), and to proceed with the Closing and to receive an assignment of all of Seller\u2019s rights to any insurance proceeds payable by reason of such damage or destruction and a credit at Closing (with the exception of any damage caused by earthquake) for any deductible under Seller\u2019s insurance policies. Purchaser\u2019s failure within such five (5) Business Day period to deliver a written notice electing to proceed under either clause (i) or (ii) above shall be deemed to be Purchaser\u2019s election to proceed under clause (i) above. If Purchaser elects to proceed under clause (ii) above, Seller shall not compromise, settle or adjust any claims to such proceeds without Purchaser\u2019s prior written consent (not to be unreasonably withheld, conditioned or delayed). Notwithstanding anything to the contrary herein, if the event causing material damage occurs within five (5) Business Days prior to the Outside Closing Date, the Outside Closing Date shall be extended for the number of days necessary for Purchaser to have five (5) Business Days after the receipt of notice of such damage to elect to proceed under either clause (i) or (ii) above.", "hash": "be617486f3123d6ad1c60ba7f28616e8", "id": 2}, {"snippet_links": [{"key": "provision-of", "type": "clause", "offset": [20, 32]}, {"key": "agreement-to", "type": "clause", "offset": [52, 64]}, {"key": "the-premises", "type": "clause", "offset": [82, 94]}, {"key": "material-damage-or-destruction", "type": "clause", "offset": [119, 149]}, {"key": "disbursement-from-the-project-fund", "type": "clause", "offset": [163, 197]}, {"key": "to-bank", "type": "definition", "offset": [286, 293]}, {"key": "bank-of", "type": "definition", "offset": [340, 347]}], "samples": [{"hash": "iGttC6ryO3o", "uri": "/contracts/iGttC6ryO3o#material-damage", "label": "Reimbursement Agreement (Angiodynamics Inc)", "score": 21.0, "published": true}, {"hash": "D4zdL1ik4y", "uri": "/contracts/D4zdL1ik4y#material-damage", "label": "Reimbursement Agreement (Angiodynamics Inc)", "score": 18.0, "published": true}], "size": 5, "snippet": "Notwithstanding any provision of this Reimbursement Agreement to the contrary, if the Premises shall have suffered any material damage or destruction prior to any disbursement from the Project Fund, such damaged or destroyed portion shall be restored or replaced in a manner acceptable to Bank without cost to Bank prior to the approval by Bank of any further disbursement from the Project Fund.", "hash": "aca2f268639bb54ffa35b473fe07f72f", "id": 5}, {"snippet_links": [{"key": "the-operator", "type": "clause", "offset": [0, 12]}, {"key": "the-cost", "type": "clause", "offset": [24, 32]}, {"key": "lng-carrier", "type": "definition", "offset": [129, 140]}, {"key": "loading-service", "type": "definition", "offset": [141, 156]}, {"key": "specific-services", "type": "definition", "offset": [189, 206]}, {"key": "the-subject-of-the-contract", "type": "clause", "offset": [218, 245]}, {"key": "in-respect-of", "type": "definition", "offset": [433, 446]}, {"key": "terminal-operator", "type": "definition", "offset": [468, 485]}, {"key": "the-performance", "type": "clause", "offset": [596, 611]}, {"key": "obligations-under-the", "type": "clause", "offset": [619, 640]}, {"key": "parties-to-the-contract", "type": "clause", "offset": [937, 960]}, {"key": "in-particular", "type": "clause", "offset": [965, 978]}, {"key": "where-applicable", "type": "clause", "offset": [980, 996]}, {"key": "by-the-owner", "type": "clause", "offset": [998, 1010]}, {"key": "cost-of-material", "type": "definition", "offset": [1146, 1162]}, {"key": "damage-caused", "type": "clause", "offset": [1163, 1176]}, {"key": "vessel-operator", "type": "definition", "offset": [1338, 1353]}, {"key": "port-services", "type": "clause", "offset": [1407, 1420]}, {"key": "the-conditions", "type": "clause", "offset": [1509, 1523]}], "samples": [{"hash": "l6t8dBFVd7R", "uri": "/contracts/l6t8dBFVd7R#material-damage", "label": "Small Scale LNG Carrier Loading Contract", "score": 36.2152519226, "published": true}, {"hash": "4YbtUHTUAq0", "uri": "/contracts/4YbtUHTUAq0#material-damage", "label": "Small Scale LNG Carrier Loading Contract", "score": 36.1598968506, "published": true}, {"hash": "jucx95JZCcX", "uri": "/contracts/jucx95JZCcX#material-damage", "label": "Small Scale LNG Carrier Loading Contract", "score": 36.1571807861, "published": true}], "size": 4, "snippet": "The Operator shall bear the cost of any material damage that it may cause to the Shipper during the marketing of the Small-Scale LNG Carrier Loading Service and the Small-Scale LNG Carrier Specific Services, which are the subject of the Contract, up to a limit of two million five hundred thousand (2,500,000) euros per event. The Shipper and its insurers waive any recourse against the Operator and its insurers, beyond this limit, in respect of the said damage. The Terminal Operator shall bear the cost of any material damage that it may cause to the Small-Scale LNG Carrier in the context of the performance of its obligations under the Contract up to a limit of one hundred and fifty million (150,000,000) Euros per event. Consequently, the Shipper and its insurers waive any recourse against the Terminal Operator and its insurers above this limit and guarantee the Terminal Operator and its insurers against any recourse by third parties to the Contract and in particular, where applicable, by the owner and/or operator of the Small-Scale LNG Carrier (Shipowner, Charterer, etc.), in respect of the said damage. The Shipper shall bear the cost of material damage caused to the Terminal in the context of the performance of its obligations under the Contract, regardless of who caused the said material damage and in particular the Vessel Operator, the Charterer, the Captain, the Authorities and the Port Services, up to a limit of one hundred and fifty million (150,000,000) Euros per event and under the conditions specified in Article 20.2.2 \"Material damage\" of the ATM Contract. Consequently, the Terminal Operator and its insurers waive any recourse against the Shipper and its insurers beyond this limit in respect of the said damage.", "hash": "536f2ec35f6d5ca0f413e0a7bef64cf8", "id": 6}, {"snippet_links": [{"key": "the-premises", "type": "clause", "offset": [3, 15]}, {"key": "common-area", "type": "clause", "offset": [19, 30]}, {"key": "good-faith-efforts", "type": "clause", "offset": [112, 130]}, {"key": "following-the", "type": "definition", "offset": [192, 205]}, {"key": "effective-as-of-the", "type": "clause", "offset": [284, 303]}, {"key": "date-of", "type": "clause", "offset": [304, 311]}, {"key": "damage-or-destruction", "type": "clause", "offset": [317, 338]}, {"key": "within-thirty", "type": "clause", "offset": [340, 353]}, {"key": "days-after", "type": "definition", "offset": [359, 369]}, {"key": "the-parties-shall", "type": "clause", "offset": [395, 412]}, {"key": "determine-whether", "type": "clause", "offset": [413, 430]}, {"key": "period-of", "type": "clause", "offset": [567, 576]}, {"key": "notice-to-the-city", "type": "clause", "offset": [635, 653]}], "samples": [{"hash": "hIFNbhEf4m9", "uri": "/contracts/hIFNbhEf4m9#material-damage", "label": "Lease Agreement", "score": 33.4289550781, "published": true}, {"hash": "2yXRCzd3sfc", "uri": "/contracts/2yXRCzd3sfc#material-damage", "label": "Lease Agreement", "score": 33.4159660339, "published": true}, {"hash": "dBdrAN2jFCm", "uri": "/contracts/dBdrAN2jFCm#material-damage", "label": "Lease Agreement", "score": 33.1647911072, "published": true}], "size": 4, "snippet": "If the Premises or Common Area are damaged or destroyed by fire or any Casualty which cannot, despite diligent, good faith efforts be repaired or restored within one hundred twenty (120) days following the date on which such damage occurs, then WKRFA may elect to terminate the Lease effective as of the date of such damage or destruction. Within thirty (30) days after the date of such damage, the parties shall determine whether the damage can be repaired or restored within one hundred twenty (120) days. After that determination has been made, WKRFA shall have a period of thirty (30) days to terminate the Lease by giving written notice to the CITY.", "hash": "ee8640e176afeebaf994887ed5e05663", "id": 7}, {"snippet_links": [{"key": "damage-to-the-property", "type": "clause", "offset": [0, 22]}, {"key": "cost-of", "type": "definition", "offset": [49, 56]}, {"key": "the-improvements", "type": "clause", "offset": [67, 83]}, {"key": "prior-to-the", "type": "clause", "offset": [121, 133]}, {"key": "fire-or-other-casualty", "type": "clause", "offset": [134, 156]}, {"key": "seller-and-purchaser", "type": "clause", "offset": [180, 200]}, {"key": "in-accordance-with", "type": "clause", "offset": [228, 246]}, {"key": "this-agreement", "type": "clause", "offset": [247, 261]}, {"key": "compliance-with", "type": "definition", "offset": [276, 291]}, {"key": "similar-laws", "type": "definition", "offset": [342, 354]}, {"key": "and-regulations", "type": "clause", "offset": [368, 383]}, {"key": "equal-to", "type": "definition", "offset": [407, 415]}, {"key": "five-percent", "type": "clause", "offset": [416, 428]}, {"key": "the-purchase-price", "type": "clause", "offset": [437, 455]}, {"key": "covered-by", "type": "definition", "offset": [487, 497]}], "samples": [{"hash": "e4fMF7579RZ", "uri": "/contracts/e4fMF7579RZ#material-damage", "label": "Purchase and Sale Agreement (Walden Residential Properties Inc)", "score": 18.0, "published": true}, {"hash": "28tov20Jt6S", "uri": "/contracts/28tov20Jt6S#material-damage", "label": "Purchase and Sale Agreement (Walden Residential Properties Inc)", "score": 18.0, "published": true}], "size": 4, "snippet": "Damage to the Property of a nature such that the cost of restoring the Improvements located on Property to its condition prior to the fire or other casualty, as mutually agreed by Seller and Purchaser or as otherwise determined in accordance with this Agreement, (but in full compliance with all then applicable building, health, zoning, and similar laws, ordinances, and regulations) will exceed an amount equal to five percent (5%) of the Purchase Price, whether or not such damage is covered by insurance.", "hash": "dd9789297ac6d55a0b3a5a74fefec271", "id": 9}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhhtYXRlcmlhbC1kYW1hZ2UjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["obligations-of-the-party-invoking-a-force-majeure-event", "Obligations of the Party invoking a Force Majeure Event"], ["commingling-of-lng-in-the-terminal", "Commingling of LNG in the Terminal"], ["operations-and-risk-of-loss", "Operations and Risk of Loss"], ["risk-of-loss", "Risk of Loss"], ["conditions-precedent-to-the-obligations-of-buyer", "Conditions Precedent to the Obligations of Buyer"]], "children": [["procedure", "Procedure"], ["damage-other-than-material-damage", "Damage Other Than Material Damage"], ["", ""], ["branded-goods", "Branded Goods"], ["non-invalidation", "Non-Invalidation"]], "title": "Material Damage", "size": 147, "id": "material-damage", "related": [["substantial-damage", "Substantial Damage", "Substantial Damage"], ["partial-damage", "Partial Damage", "Partial Damage"], ["criminal-damage", "Criminal damage", "Criminal damage"], ["loss-or-damage", "Loss or Damage", "Loss or Damage"], ["no-consequential-damages", "No Consequential Damages", "No Consequential Damages"]], "related_snippets": [], "updated": "2026-04-19T04:24:51+00:00", "also_ask": ["What are the essential elements to include in a Material Damage clause to ensure enforceability?", "How can the definition of 'material damage' be strategically negotiated to favor my client?", "What are the most common pitfalls or ambiguities in Material Damage clauses that lead to disputes?", "How do courts typically interpret and enforce Material Damage provisions in similar contracts?", "How does this clause compare to standard industry definitions or approaches to material damage?"], "drafting_tip": "Define 'Material Damage' precisely to avoid ambiguity; specify assessment criteria to ensure objective evaluation; clarify exclusions to prevent disputes.", "explanation": "The Material Damage clause defines the terms under which physical loss or damage to insured property is covered by an insurance policy. It typically outlines what types of property are included, the specific perils or events that trigger coverage (such as fire, flood, or vandalism), and any exclusions or limitations that may apply. For example, it may specify that only direct physical damage is covered, excluding wear and tear or gradual deterioration. The core practical function of this clause is to clearly establish the scope of insurance protection for tangible assets, ensuring both parties understand what losses are compensable and reducing disputes over coverage in the event of a claim."}, "json": true, "cursor": ""}}