Risk and Purchaser’s Election Sample Clauses

Risk and Purchaser’s Election. The Properties shall be at the risk of the Vendors until the completion of the sale and purchase contemplated by this Agreement and, if there is any material damage to the Building or the Mechanical Systems occurring before that time, the Purchaser shall elect, no later than seven (7) days after receiving written notice from the Vendors of the occurrence of such event (and in any event prior to the Closing Date) by notice in writing, either:
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