Common use of No Substantial Damage Clause in Contracts

No Substantial Damage. there shall have been no damage to or alteration of any of the Assets between the date of this Agreement or the Effective Date, whichever is earlier, and the Closing Time which, in Purchaser's reasonable opinion, would materially and adversely affect the value of the Assets, except as and to the extent approved in writing by Purchaser, and Vendor shall have delivered to Purchaser Vendor's certificate, substantially in the form of Schedule "K" dated as of the Closing Date, that there has been no such damage to or alteration of any of the Assets during such period, provided that a change in the prices at which Petroleum Substances may be sold shall in no event be regarded as material damage to or an alteration of the Assets;

No Substantial Damage. there shall have been no damage to or alteration of any of the Assets between the date of this Agreement or the Effective Date, whichever is earlier, and the Closing Time which, in Purchaser's reasonable opinion, would materially and adversely affect the value of the Assets, except as and to the extent approved in writing by Purchaser, and Vendor shall have delivered to Purchaser Vendor's ’s certificate, substantially in the form of Schedule "K" dated as of the Closing Date, that there has been no such damage to or alteration of any of the Assets during such period, provided that a change in the prices at which Petroleum Substances may be sold shall in no event be regarded as material damage to or an alteration of the Assets;

No Substantial Damage. there There shall have been no damage to or alteration of any of the Assets between the date of this Agreement or the Effective Date, whichever is earlier, Date and the Closing Time Date which, in the Purchaser's reasonable opinion, would materially and adversely affect the value of the Assets, except as and to the extent approved in writing by the Purchaser, and the Vendor shall have delivered to the Purchaser a certificate of a Vice President, Corporate Secretary or other senior officer of the Vendor's certificate, substantially in the form of Schedule "K" dated as of the Closing Date, that that, to the best of the information, knowledge and belief of the Vendor, there has been no such damage to or alteration of any of the Assets during such period, provided that a change in the prices at which Petroleum Substances may be sold shall in no event shall be regarded as material damage to or an alteration of the Assets;