Common use of No Substantial Damage Clause in Contracts

No Substantial Damage. On the Closing Date, no substantial physical damage shall have occurred to the Assets which would have a material adverse effect on the aggregate value of the Assets;

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Universal Domains Inc), Purchase and Sale Agreement (Universal Domains Inc)

No Substantial Damage. On From the Effective Date to the Closing Date, no substantial physical damage damage, including Environmental Damage shall have occurred to the Assets Assets, which would have a material adverse effect on the aggregate value of the Assets;

Appears in 1 contract

Sources: Purchase and Sale Agreement (Geocan Energy Inc)

No Substantial Damage. On From the Effective Date to the Closing Date, no substantial physical damage shall have occurred to the Assets which would have a material adverse effect on the aggregate value of the Assets;

Appears in 1 contract

Sources: Purchase and Sale Agreement (Westlink Resources LTD)