Minimal Damage. If prior to the Closing Date any portion of the Property is damaged or destroyed by fire or other casualty, and the cost of repair or restoration thereof shall be $500,000 or less (as established by good faith estimates obtained by Buyer which are reasonably satisfactory to Seller), this Agreement shall remain in force and Seller shall commence to repair any such damage prior to Closing, if possible.
Appears in 6 contracts
Samples: Purchase and Sale Agreement (Dividend Capital Total Realty Trust Inc.), Purchase and Sale Agreement (Dividend Capital Total Realty Trust Inc.), Purchase and Sale Agreement (Dividend Capital Total Realty Trust Inc.)
Minimal Damage. If prior to the Closing Date any portion of the Property is damaged or destroyed by fire or other casualty, and the cost of repair or restoration thereof shall be $500,000 250,000 or less (as established by good faith estimates obtained by Buyer which are reasonably satisfactory to SellerBuyer), this Agreement shall remain in force and Seller shall commence to repair any such damage prior to Closing, if possibleforce.
Appears in 4 contracts
Samples: Agreement of Sale (Brandywine Realty Trust), Agreement of Sale Five Eves (Brandywine Realty Trust), Agreement of Sale (Brandywine Realty Trust)
Minimal Damage. If prior to the Closing Date any portion of the Property is damaged or destroyed by fire or other casualty, and the cost of repair or restoration thereof shall be $500,000 50,000 or less (as established by good faith estimates obtained by Buyer which are reasonably satisfactory to SellerBuyer), this Agreement shall remain in force and Seller shall commence to repair any such damage prior to Closing, if possibleforce.
Appears in 3 contracts
Samples: Agreement of Sale (Brandywine Realty Trust), Agreement of Sale (Brandywine Realty Trust), Agreement of Sale (Brandywine Realty Trust)
Minimal Damage. If prior to the Closing Date any portion of the Property is damaged or destroyed by fire or other casualty, and the cost of repair or restoration thereof shall be $500,000 or less (as established by good faith estimates obtained by Buyer TRT Partner which are reasonably satisfactory to SellerContributor), this Agreement shall remain in force and Seller Contributor shall commence to repair any such damage prior to Closing, if possible.
Appears in 2 contracts
Samples: Contribution and Investment Agreement (Dividend Capital Total Realty Trust Inc.), Contribution and Investment Agreement (Dividend Capital Total Realty Trust Inc.)
Minimal Damage. If prior to the Closing Date any portion of the Property is damaged or destroyed by fire or other casualty, and Seller shall give prompt notice of such casualty to Buyer. If the cost of repair or restoration thereof shall be $500,000 250,000 or less (as established by good faith estimates obtained by Buyer which are reasonably satisfactory to SellerBuyer), this Agreement shall remain in force and and, upon Buyer’s consent, Seller shall commence to repair any such damage prior to Closing, if possiblethe commencement of such repairs is possible prior to Closing.
Appears in 2 contracts
Samples: Agreement of Sale, Agreement of Sale (Dividend Capital Total Realty Trust Inc.)
Minimal Damage. If prior to the Closing Date any portion of the Property is damaged or destroyed by fire or other casualty, and the cost of repair or restoration thereof shall be $500,000 125,000 or less (as established by good faith estimates obtained by Buyer which are reasonably satisfactory to SellerBuyer), this Agreement shall remain in force and Seller shall commence to repair any such damage prior to Closing, if possibleforce.
Appears in 2 contracts
Samples: Agreement of Sale (Brandywine Realty Trust), Agreement of Sale (Brandywine Realty Trust)
Minimal Damage. If prior to the Closing Date any portion of the Property is damaged or destroyed by fire or other casualty, and the cost of repair or restoration thereof shall be $500,000 1,000,000 or less (as established by good faith estimates obtained by Buyer which are reasonably satisfactory to Seller), as long as such damage or destruction does not result in a circumstance whereby a tenant may terminate its Lease or receive a rent abatement, this Agreement shall remain in force and Seller shall commence to repair any such damage prior to Closing, if possible, or, at Seller’s option, the provisions of Section 7.4 shall apply.
Appears in 1 contract
Samples: Agreement of Sale (Griffin-American Healthcare REIT IV, Inc.)
Minimal Damage. If prior to the Closing Date any portion of the Property is damaged or destroyed by fire or other casualty, and the cost of repair or restoration thereof shall be $500,000 1,000,000.00 or less (as established by good faith estimates obtained by Buyer which are reasonably satisfactory to Seller), this Agreement shall remain in force and Seller shall commence to repair any such damage prior to Closing, if possible.
Appears in 1 contract
Samples: Agreement of Sale (Wells Core Office Income Reit Inc)
Minimal Damage. If prior to the Closing Date any portion of the Property is damaged or destroyed by fire or other casualty, and the cost of repair or restoration thereof shall be $500,000 2,500,000 or less (as established by good faith estimates obtained by Buyer which are reasonably satisfactory to SellerBuyer), this Agreement shall remain in force and Seller shall commence to complete the repair of any such damage prior to Closing, if possible, or, at Seller’s option, the provisions of Section 9.4 shall apply.
Appears in 1 contract
Samples: Agreement of Sale (Incyte Corp)
Minimal Damage. If prior to the Closing Date any portion of the Property is damaged or destroyed by fire or other casualty, and the cost of repair or restoration thereof shall be $500,000 $ or less (as established by good faith estimates obtained by Buyer which are reasonably satisfactory to SellerBuyer), this Agreement shall remain in force and Seller shall commence to repair any such damage prior to Closing, if possible.
Appears in 1 contract
Samples: Agreement of Sale
