{"component": "clause", "props": {"groups": [{"snippet": "If the Property is not Materially Damaged, then neither Purchaser nor Seller shall have the right to terminate this Agreement, and Seller shall, at its option, either (i) repair the damage before the Closing in a manner reasonably satisfactory to Purchaser, or (ii) credit Purchaser at Closing for the reasonable cost to complete the repair (in which case Seller shall retain all insurance proceeds and Purchaser shall assume full responsibility for all needed repairs).", "snippet_links": [{"key": "the-property", "type": "clause", "offset": [3, 15]}, {"key": "materially-damaged", "type": "definition", "offset": [23, 41]}, {"key": "seller-shall", "type": "clause", "offset": [70, 82]}, {"key": "right-to-terminate-this-agreement", "type": "clause", "offset": [92, 125]}, {"key": "before-the-closing", "type": "clause", "offset": [189, 207]}, {"key": "to-purchaser", "type": "definition", "offset": [244, 256]}, {"key": "at-closing", "type": "definition", "offset": [283, 293]}, {"key": "the-repair", "type": "definition", "offset": [330, 340]}, {"key": "insurance-proceeds", "type": "definition", "offset": [380, 398]}, {"key": "responsibility-for", "type": "clause", "offset": [431, 449]}, {"key": "needed-repairs", "type": "clause", "offset": [454, 468]}], "size": 37, "samples": [{"hash": "eXsdvV40Veu", "uri": "/contracts/eXsdvV40Veu#not-material", "label": "Purchase and Sale Agreement (Wells Mid-Horizon Value-Added Fund I LLC)", "score": 21.0, "published": true}, {"hash": "eNsHTUwik4d", "uri": "/contracts/eNsHTUwik4d#not-material", "label": "Purchase and Sale Agreement (Amerivest Properties Inc)", "score": 21.0, "published": true}, {"hash": "CU3H5eEveJ", "uri": "/contracts/CU3H5eEveJ#not-material", "label": "Purchase and Sale Agreement (Amerivest Properties Inc)", "score": 21.0, "published": true}], "hash": "4a283c37d5d8aa62f213bb097b0ae109", "id": 1}, {"snippet": "If a casualty occurs but the Real Property is not Materially Damaged, then neither Purchaser nor Seller shall have the right to terminate this Agreement pursuant to this Section 6.2 (a \u201cNon-Material Pre-Closing Casualty\u201d), and subject to an Insurance Proceeds Assignment to Purchaser, the parties shall proceed to Closing subject to the terms of this Agreement, and such damage shall be restored by Purchaser post-Closing pursuant to (but only to the extent required by) the terms and conditions of the Leases, and Purchaser shall reasonably cooperate with Seller, in its capacity as tenant under the Leases, regarding such restoration, pursuant to the terms and conditions of the Leases. Notwithstanding the foregoing, if the insurance proceeds to be assigned pursuant to the Insurance Proceeds Assignment are less than the cost to repair the damage, in the opinion of an architect or other third-party contractor selected by Seller and reasonably approved by Purchaser, Purchaser shall receive a credit at Closing in the amount of such difference. The provisions of this Section 6.2.2 shall survive Closing.", "snippet_links": [{"key": "the-real-property", "type": "clause", "offset": [25, 42]}, {"key": "materially-damaged", "type": "definition", "offset": [50, 68]}, {"key": "seller-shall", "type": "clause", "offset": [97, 109]}, {"key": "right-to-terminate-this-agreement", "type": "clause", "offset": [119, 152]}, {"key": "assignment-to-purchaser", "type": "clause", "offset": [260, 283]}, {"key": "the-parties-shall", "type": "clause", "offset": [285, 302]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [337, 360]}, {"key": "by-purchaser", "type": "clause", "offset": [396, 408]}, {"key": "to-the-extent", "type": "clause", "offset": [444, 457]}, {"key": "required-by", "type": "definition", "offset": [458, 469]}, {"key": "the-leases", "type": "definition", "offset": [499, 509]}, {"key": "cooperate-with", "type": "clause", "offset": [542, 556]}, {"key": "as-tenant", "type": "definition", "offset": [581, 590]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [637, 658]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [689, 718]}, {"key": "the-insurance", "type": "clause", "offset": [723, 736]}, {"key": "cost-to-repair", "type": "definition", "offset": [825, 839]}, {"key": "by-seller", "type": "clause", "offset": [924, 933]}, {"key": "approved-by", "type": "clause", "offset": [949, 960]}, {"key": "credit-at-closing", "type": "clause", "offset": [998, 1015]}, {"key": "section-622", "type": "clause", "offset": [1073, 1086]}, {"key": "survive-closing", "type": "clause", "offset": [1093, 1108]}], "size": 3, "samples": [{"hash": "6CWhImZEDvP", "uri": "/contracts/6CWhImZEDvP#not-material", "label": "Purchase and Sale Agreement (Tuesday Morning Corp/De)", "score": 32.0088996887, "published": true}, {"hash": "78z0gj63Efe", "uri": "/contracts/78z0gj63Efe#not-material", "label": "Purchase and Sale Agreement", "score": 31.9412574768, "published": true}, {"hash": "dIlCCnYq5Hd", "uri": "/contracts/dIlCCnYq5Hd#not-material", "label": "Purchase and Sale Agreement (Tuesday Morning Corp/De)", "score": 31.8446273804, "published": true}], "hash": "66d59095a2b92747198056511d4b9361", "id": 2}, {"snippet": "If the Real Property is not Materially Damaged, then neither Buyer nor Seller shall have the right to terminate this Agreement, and Seller shall, at its option, either (i) repair the damage before the Closing in a manner reasonably satisfactory to Buyer, or (ii) assign to Buyer, without representation or warranty by or recourse against Seller, all of Seller\u2019s rights in and to any resulting insurance proceeds (including any rent loss insurance applicable to any period on and after the Closing Date) due Seller as a result of such damage or destruction, Buyer shall assume full responsibility for all needed repairs, and Buyer shall receive a credit at Closing for any deductible amount under such insurance policies (provided the amount of the deductible plus insurance proceeds shall not exceed the cost of repair).", "snippet_links": [{"key": "the-real-property", "type": "clause", "offset": [3, 20]}, {"key": "materially-damaged", "type": "definition", "offset": [28, 46]}, {"key": "neither-buyer", "type": "clause", "offset": [53, 66]}, {"key": "seller-shall", "type": "clause", "offset": [71, 83]}, {"key": "right-to-terminate-this-agreement", "type": "clause", "offset": [93, 126]}, {"key": "before-the-closing", "type": "clause", "offset": [190, 208]}, {"key": "to-buyer", "type": "definition", "offset": [245, 253]}, {"key": "representation-or-warranty", "type": "clause", "offset": [288, 314]}, {"key": "all-of-seller", "type": "definition", "offset": [346, 359]}, {"key": "insurance-proceeds", "type": "definition", "offset": [393, 411]}, {"key": "rent-loss-insurance", "type": "definition", "offset": [427, 446]}, {"key": "applicable-to", "type": "clause", "offset": [447, 460]}, {"key": "after-the-closing-date", "type": "clause", "offset": [479, 501]}, {"key": "damage-or-destruction", "type": "definition", "offset": [534, 555]}, {"key": "buyer-shall", "type": "clause", "offset": [557, 568]}, {"key": "responsibility-for", "type": "clause", "offset": [581, 599]}, {"key": "needed-repairs", "type": "clause", "offset": [604, 618]}, {"key": "credit-at-closing", "type": "clause", "offset": [646, 663]}, {"key": "deductible-amount", "type": "clause", "offset": [672, 689]}, {"key": "insurance-policies", "type": "definition", "offset": [701, 719]}, {"key": "cost-of-repair", "type": "clause", "offset": [804, 818]}], "size": 3, "samples": [{"hash": "85K7nf61dju", "uri": "/contracts/85K7nf61dju#not-material", "label": "Agreement of Purchase and Sale (Hines Real Estate Investment Trust Inc)", "score": 21.0, "published": true}], "hash": "8a0952a341de3ac1b4758e8f5da71b6b", "id": 3}, {"snippet": "If the Property is not Materially Damaged, then neither Purchaser nor Seller shall have the right to terminate this Agreement, and Seller shall, at its option, either (a) repair the damage before the Closing in a manner reasonably satisfactory to Purchaser (and if necessary, Seller may extend the Closing Date up to thirty (30) days to complete such repairs), or (b)credit Purchaser at Closing for the reasonable cost to complete the repair as mutually agreed by Seller and Purchaser (in which case Seller shall retain all insurance proceeds and Purchaser shall assume full responsibility for all needed repairs).", "snippet_links": [{"key": "the-property", "type": "clause", "offset": [3, 15]}, {"key": "materially-damaged", "type": "definition", "offset": [23, 41]}, {"key": "seller-shall", "type": "clause", "offset": [70, 82]}, {"key": "right-to-terminate-this-agreement", "type": "clause", "offset": [92, 125]}, {"key": "before-the-closing", "type": "clause", "offset": [189, 207]}, {"key": "to-purchaser", "type": "definition", "offset": [244, 256]}, {"key": "the-closing-date", "type": "clause", "offset": [294, 310]}, {"key": "days-to-complete", "type": "clause", "offset": [329, 345]}, {"key": "at-closing", "type": "definition", "offset": [384, 394]}, {"key": "the-repair", "type": "definition", "offset": [431, 441]}, {"key": "seller-and-purchaser", "type": "clause", "offset": [464, 484]}, {"key": "insurance-proceeds", "type": "definition", "offset": [524, 542]}, {"key": "responsibility-for", "type": "clause", "offset": [575, 593]}, {"key": "needed-repairs", "type": "clause", "offset": [598, 612]}], "size": 3, "samples": [{"hash": "kjQx4bWeQsy", "uri": "/contracts/kjQx4bWeQsy#not-material", "label": "Purchase and Sale Agreement (Carrington Laboratories Inc /Tx/)", "score": 18.0, "published": true}], "hash": "b4ea41f925ded344a2818e974ada4b19", "id": 4}, {"snippet": "If the Real Property is not Materially Damaged, then Buyer shall not have the right to terminate this Agreement, and Seller shall assign to Buyer, without representation or warranty by or recourse against Seller, all of Seller\u2019s rights (if any) in and to any resulting insurance proceeds (and Buyer shall receive a credit at the Close of Escrow in an amount equal to any applicable deductible under any applicable Seller property insurance policy) (excluding any rent loss insurance applicable to any period prior to the Closing Date) due Seller (or previously paid to Seller) as a result of such damage or destruction (less any portion thereof expended by Seller in connection with repairs to the Property) and, as between Seller and Buyer, Buyer shall assume full responsibility for all needed repairs.", "snippet_links": [{"key": "the-real-property", "type": "clause", "offset": [3, 20]}, {"key": "materially-damaged", "type": "definition", "offset": [28, 46]}, {"key": "buyer-shall", "type": "clause", "offset": [53, 64]}, {"key": "right-to-terminate-this-agreement", "type": "clause", "offset": [78, 111]}, {"key": "seller-shall", "type": "clause", "offset": [117, 129]}, {"key": "to-buyer", "type": "definition", "offset": [137, 145]}, {"key": "representation-or-warranty", "type": "clause", "offset": [155, 181]}, {"key": "all-of-seller", "type": "definition", "offset": [213, 226]}, {"key": "insurance-proceeds", "type": "definition", "offset": [269, 287]}, {"key": "a-credit", "type": "definition", "offset": [313, 321]}, {"key": "close-of-escrow", "type": "definition", "offset": [329, 344]}, {"key": "equal-to", "type": "definition", "offset": [358, 366]}, {"key": "property-insurance-policy", "type": "clause", "offset": [421, 446]}, {"key": "rent-loss-insurance", "type": "definition", "offset": [463, 482]}, {"key": "applicable-to", "type": "clause", "offset": [483, 496]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [508, 533]}, {"key": "to-seller", "type": "definition", "offset": [566, 575]}, {"key": "damage-or-destruction", "type": "definition", "offset": [597, 618]}, {"key": "by-seller", "type": "clause", "offset": [654, 663]}, {"key": "in-connection-with", "type": "clause", "offset": [664, 682]}, {"key": "the-property", "type": "clause", "offset": [694, 706]}, {"key": "seller-and-buyer", "type": "definition", "offset": [724, 740]}, {"key": "responsibility-for", "type": "clause", "offset": [766, 784]}, {"key": "needed-repairs", "type": "clause", "offset": [789, 803]}], "size": 2, "samples": [{"hash": "2FyRPBP15Ec", "uri": "/contracts/2FyRPBP15Ec#not-material", "label": "Purchase and Sale Agreement (Strategic Realty Trust, Inc.)", "score": 27.6119098663, "published": true}, {"hash": "7qjapenD8Zf", "uri": "/contracts/7qjapenD8Zf#not-material", "label": "Purchase and Sale Agreement (Strategic Realty Trust, Inc.)", "score": 25.6119098663, "published": true}], "hash": "c023ae0b9de8a5b735439263bbc11ff0", "id": 5}, {"snippet": "If the Property is not Materially Damaged, then Purchaser shall not have the right to terminate this Agreement, and Seller shall, at its option, either (i) repair the damage before the Closing in a manner reasonably satisfactory to Purchaser, (ii) assign to Purchaser all of Seller's rights in and to any resulting insurance proceeds (including any rent loss insurance applicable to any period on and after the Closing Date) due Seller as a result of such damage or destruction and Purchaser shall assume full responsibility for all needed repairs, and Purchaser shall receive a credit at Closing for any deductible amount under such insurance policies, or (iii) credit Purchaser at Closing for the reasonable cost to complete the repair if such amount is less than the deductible amount under Seller's insurance policies.", "snippet_links": [{"key": "the-property", "type": "clause", "offset": [3, 15]}, {"key": "materially-damaged", "type": "definition", "offset": [23, 41]}, {"key": "right-to-terminate-this-agreement", "type": "clause", "offset": [77, 110]}, {"key": "seller-shall", "type": "clause", "offset": [116, 128]}, {"key": "before-the-closing", "type": "clause", "offset": [174, 192]}, {"key": "to-purchaser", "type": "definition", "offset": [229, 241]}, {"key": "all-of-seller", "type": "definition", "offset": [268, 281]}, {"key": "insurance-proceeds", "type": "definition", "offset": [315, 333]}, {"key": "rent-loss-insurance", "type": "definition", "offset": [349, 368]}, {"key": "applicable-to", "type": "clause", "offset": [369, 382]}, {"key": "after-the-closing-date", "type": "clause", "offset": [401, 423]}, {"key": "damage-or-destruction", "type": "definition", "offset": [456, 477]}, {"key": "responsibility-for", "type": "clause", "offset": [510, 528]}, {"key": "needed-repairs", "type": "clause", "offset": [533, 547]}, {"key": "credit-at-closing", "type": "clause", "offset": [579, 596]}, {"key": "deductible-amount", "type": "clause", "offset": [605, 622]}, {"key": "insurance-policies", "type": "definition", "offset": [634, 652]}, {"key": "the-repair", "type": "definition", "offset": [727, 737]}], "size": 2, "samples": [{"hash": "Ag8n2J19Vh", "uri": "/contracts/Ag8n2J19Vh#not-material", "label": "Purchase and Sale Agreement (Berkshire Income Realty Inc)", "score": 18.0, "published": true}, {"hash": "6pKGEdgbdEW", "uri": "/contracts/6pKGEdgbdEW#not-material", "label": "Purchase and Sale Agreement (Berkshire Income Realty Inc)", "score": 18.0, "published": true}], "hash": "0f9cf89e7005e8c6c183d0a312d57e41", "id": 6}, {"snippet": "If the Property is not Materially Damaged, then neither Purchaser nor Seller shall have the right to terminate this Agreement, and Seller shall, at its option, either (a) repair the damage before the Closing in a manner reasonably satisfactory to Purchaser (and if necessary, Seller may extend the Closing Date up to 30 days to complete such repairs), or (b) at Closing, assign to Purchaser, without representation or warranty by or recourse against Seller, all of Seller's rights in and to any resulting insurance proceeds (including Seller's rights in and to any rent loss insurance applicable to any period on and after the Closing Date) due Seller as a result of such damage or destruction and Purchaser shall assume full responsibility for all needed repairs, and Purchaser shall receive a credit at Closing for any deductible amount under such insurance policies (but the amount of the deductible plus insurance proceeds shall not exceed the lesser of (a) the cost of repair or (b) the Purchase Price and a pro rata share of the rental or business loss proceeds, if any).", "snippet_links": [{"key": "the-property", "type": "clause", "offset": [3, 15]}, {"key": "materially-damaged", "type": "definition", "offset": [23, 41]}, {"key": "seller-shall", "type": "clause", "offset": [70, 82]}, {"key": "right-to-terminate-this-agreement", "type": "clause", "offset": [92, 125]}, {"key": "before-the-closing", "type": "clause", "offset": [189, 207]}, {"key": "to-purchaser", "type": "definition", "offset": [244, 256]}, {"key": "days-to-complete", "type": "clause", "offset": [320, 336]}, {"key": "representation-or-warranty", "type": "clause", "offset": [400, 426]}, {"key": "all-of-seller", "type": "definition", "offset": [458, 471]}, {"key": "insurance-proceeds", "type": "definition", "offset": [505, 523]}, {"key": "rent-loss-insurance", "type": "definition", "offset": [565, 584]}, {"key": "applicable-to", "type": "clause", "offset": [585, 598]}, {"key": "after-the-closing-date", "type": "clause", "offset": [617, 639]}, {"key": "damage-or-destruction", "type": "definition", "offset": [672, 693]}, {"key": "responsibility-for", "type": "clause", "offset": [726, 744]}, {"key": "needed-repairs", "type": "clause", "offset": [749, 763]}, {"key": "credit-at-closing", "type": "clause", "offset": [795, 812]}, {"key": "deductible-amount", "type": "clause", "offset": [821, 838]}, {"key": "insurance-policies", "type": "definition", "offset": [850, 868]}, {"key": "lesser-of", "type": "definition", "offset": [948, 957]}, {"key": "cost-of-repair", "type": "clause", "offset": [966, 980]}, {"key": "the-purchase-price", "type": "clause", "offset": [988, 1006]}, {"key": "pro-rata-share", "type": "clause", "offset": [1013, 1027]}, {"key": "the-rental", "type": "clause", "offset": [1031, 1041]}, {"key": "loss-proceeds", "type": "definition", "offset": [1054, 1067]}], "size": 2, "samples": [{"hash": "6sr69yTUrGi", "uri": "/contracts/6sr69yTUrGi#not-material", "label": "Purchase and Sale Agreement (Berkshire Income Realty, Inc.)", "score": 25.4188919067, "published": true}], "hash": "ad7748009e04d18cb1de37361d9f78c0", "id": 7}, {"snippet": "If the Property is not Materially Damaged, then Purchaser shall not have the right to terminate this Agreement, and Seller shall, at its option, either (a) repair the damage before the Closing in a manner reasonably satisfactory to Purchaser (and if necessary, Seller may extend the Closing Date up to 30 days to complete such repairs), or (b) assign to Purchaser without representation or warranty by or recourse against Seller all of Seller\u2019s rights in and to any insurance proceeds (including rent loss insurance applicable to any period after the Closing Date) due Seller as a result of such damage or destruction and Purchaser shall assume full responsibility for all needed repairs, and Purchaser shall receive a credit at Closing for any deductible amount.", "snippet_links": [{"key": "the-property", "type": "clause", "offset": [3, 15]}, {"key": "materially-damaged", "type": "definition", "offset": [23, 41]}, {"key": "right-to-terminate-this-agreement", "type": "clause", "offset": [77, 110]}, {"key": "seller-shall", "type": "clause", "offset": [116, 128]}, {"key": "before-the-closing", "type": "clause", "offset": [174, 192]}, {"key": "to-purchaser", "type": "definition", "offset": [229, 241]}, {"key": "days-to-complete", "type": "clause", "offset": [305, 321]}, {"key": "representation-or-warranty", "type": "clause", "offset": [372, 398]}, {"key": "all-of-seller", "type": "definition", "offset": [429, 442]}, {"key": "insurance-proceeds", "type": "definition", "offset": [466, 484]}, {"key": "rent-loss-insurance", "type": "definition", "offset": [496, 515]}, {"key": "applicable-to", "type": "clause", "offset": [516, 529]}, {"key": "after-the-closing-date", "type": "clause", "offset": [541, 563]}, {"key": "damage-or-destruction", "type": "definition", "offset": [596, 617]}, {"key": "responsibility-for", "type": "clause", "offset": [650, 668]}, {"key": "needed-repairs", "type": "clause", "offset": [673, 687]}, {"key": "credit-at-closing", "type": "clause", "offset": [719, 736]}, {"key": "deductible-amount", "type": "clause", "offset": [745, 762]}], "size": 2, "samples": [{"hash": "fH4vdF66Urf", "uri": "/contracts/fH4vdF66Urf#not-material", "label": "Purchase and Sale Agreement (Inland American Real Estate Trust, Inc.)", "score": 21.0, "published": true}], "hash": "16b80847de14c12b0be24085469f39f3", "id": 8}, {"snippet": "If the Property is not Materially Damaged, then Purchaser shall not have the right to terminate this Agreement under Section 6.2(a), this transaction shall close in accordance with its terms and, as set forth in Section 6.2(a), Seller shall assign to Purchaser Seller\u2019s rights to insurance proceeds in respect to such damage, or the amount if any, received less any proceeds theretofore used for repair and the Purchase Price shall be credited by the amount of Seller\u2019s deductible on its insurance policy.", "snippet_links": [{"key": "the-property", "type": "clause", "offset": [3, 15]}, {"key": "materially-damaged", "type": "definition", "offset": [23, 41]}, {"key": "right-to-terminate-this-agreement", "type": "clause", "offset": [77, 110]}, {"key": "this-transaction", "type": "definition", "offset": [133, 149]}, {"key": "in-accordance-with", "type": "definition", "offset": [162, 180]}, {"key": "terms-and", "type": "clause", "offset": [185, 194]}, {"key": "seller-shall", "type": "clause", "offset": [228, 240]}, {"key": "to-purchaser", "type": "definition", "offset": [248, 260]}, {"key": "rights-to-insurance-proceeds", "type": "clause", "offset": [270, 298]}, {"key": "in-respect-to", "type": "clause", "offset": [299, 312]}, {"key": "for-repair", "type": "clause", "offset": [392, 402]}, {"key": "the-purchase-price", "type": "clause", "offset": [407, 425]}, {"key": "of-seller", "type": "clause", "offset": [458, 467]}, {"key": "insurance-policy", "type": "definition", "offset": [488, 504]}], "size": 1, "samples": [{"hash": "eltHu7kt1lf", "uri": "/contracts/eltHu7kt1lf#not-material", "label": "Sale and Purchase Agreement (Iradimed Corp)", "score": 31.8405208588, "published": true}], "hash": "7f1d1dbbba0a48664e52374556d1af15", "id": 9}, {"snippet": "If the Property is not Materially Damaged by the casualty and no Lease Casualty Event has occurred, then Purchaser shall have no right to request an adjustment to the Purchase Price under this Agreement, and, if an only if the applicable tenant or Guarantor is not required to repair the damage pursuant to the applicable Lease or Guaranty, Seller shall, at its option, either (a) repair the damage before the Closing in a manner reasonably satisfactory to Purchaser (and if necessary, Seller may extend the Closing Date up to 30 days to complete such repairs), or (b) credit Purchaser at Closing for the reasonable cost to complete the repair (in which case Seller shall retain all insurance proceeds and Purchaser shall assume full responsibility for all needed repairs). If the applicable tenant is required to repair the Property under the applicable Lease and no Lease Casualty Event has occurred, then Purchaser shall have no right to request an adjustment to or credit against the Purchase Price under this Agreement or that Seller repair the damage.", "snippet_links": [{"key": "the-property", "type": "clause", "offset": [3, 15]}, {"key": "materially-damaged", "type": "definition", "offset": [23, 41]}, {"key": "no-lease", "type": "definition", "offset": [62, 70]}, {"key": "casualty-event", "type": "clause", "offset": [71, 85]}, {"key": "right-to-request", "type": "clause", "offset": [129, 145]}, {"key": "adjustment-to-the-purchase-price", "type": "clause", "offset": [149, 181]}, {"key": "this-agreement", "type": "clause", "offset": [188, 202]}, {"key": "the-applicable", "type": "clause", "offset": [223, 237]}, {"key": "to-repair", "type": "clause", "offset": [274, 283]}, {"key": "pursuant-to-the", "type": "clause", "offset": [295, 310]}, {"key": "applicable-lease", "type": "definition", "offset": [311, 327]}, {"key": "seller-shall", "type": "clause", "offset": [341, 353]}, {"key": "before-the-closing", "type": "clause", "offset": [399, 417]}, {"key": "to-purchaser", "type": "definition", "offset": [454, 466]}, {"key": "the-closing-date", "type": "clause", "offset": [504, 520]}, {"key": "days-to-complete", "type": "clause", "offset": [530, 546]}, {"key": "at-closing", "type": "definition", "offset": [586, 596]}, {"key": "the-repair", "type": "definition", "offset": [633, 643]}, {"key": "insurance-proceeds", "type": "definition", "offset": [683, 701]}, {"key": "responsibility-for", "type": "clause", "offset": [734, 752]}, {"key": "needed-repairs", "type": "clause", "offset": [757, 771]}, {"key": "agreement-or", "type": "definition", "offset": [1014, 1026]}], "size": 1, "samples": [{"hash": "f9i1jblPYic", "uri": "/contracts/f9i1jblPYic#not-material", "label": "Purchase and Sale Agreement (Asbury Automotive Group Inc)", "score": 21.0, "published": true}], "hash": "2488dec47b2f57dd21fdf02972097bd4", "id": 10}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVub3QtbWF0ZXJpYWwjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["damage", "Damage"], ["operations-and-risk-of-loss", "Operations and Risk of Loss"], ["delivery-of-title-policy-at-closing", "Delivery of Title Policy at Closing"], ["basic-information", "Basic Information"], ["environmental-studies-sellers-right-to-terminate", "Environmental Studies; Seller's Right to Terminate"]], "size": 61, "children": [["", ""], ["obligations-of-the-buyer-and-other-investors", "Obligations  of  the  Buyer  and  Other   Investors"], ["expenses", "Expenses"], ["series-j-preferred-stock-capital", "Series J Preferred Stock Capital"], ["entire-agreement-benefit", "Entire Agreement;  Benefit"]], "title": "Not Material", "id": "not-material", "related": [["proprietary-materials", "Proprietary Materials", "Proprietary Materials"], ["licensed-materials", "Licensed Materials", "Licensed Materials"], ["technical-information", "Technical Information", "Technical Information"], ["indirect-materials", "Indirect Materials", "Indirect Materials"], ["promotional-material", "Promotional Material", "Promotional Material"]], "related_snippets": [], "updated": "2026-04-09T05:26:19+00:00", "also_ask": ["How can a 'Not Material' clause be strategically used to limit liability or disclosure obligations?", "What essential elements must be included to ensure the 'Not Material' clause is enforceable?", "What are the main risks or loopholes that could undermine the effectiveness of a 'Not Material' clause?", "How does the interpretation of 'Not Material' differ across key jurisdictions or under different governing laws?", "What standards do courts apply to determine if an issue is truly 'not material' in litigation?"], "drafting_tip": "Clarify the meaning of 'Not Material' to prevent misinterpretation; specify objective criteria for materiality to ensure consistent application; avoid vague language to reduce disputes.", "explanation": "The \"Not Material\" clause defines that certain events, breaches, or changes are considered insignificant and do not trigger specific contractual rights or remedies. In practice, this means that minor deviations from the contract terms\u2014such as small delays or inconsequential errors\u2014will not be treated as grounds for termination or legal action. This clause helps prevent unnecessary disputes over trivial matters, ensuring that only substantial issues affect the parties' obligations or rights under the agreement."}, "json": true, "cursor": ""}}