Common use of Risk of Loss and Insurance Clause in Contracts

Risk of Loss and Insurance. SELLERS shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLERS agree to maintain existing insurance and BUYERS may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLERS SELLER shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLERS agree SELLER agrees to maintain existing insurance and BUYERS BUYER may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS BUYER shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLERS SELLER shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLERS agree SELLER agrees to maintain existing insurance and BUYERS may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLERS SELLER shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLERS SELLER agree to maintain existing insurance and BUYERS may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLERS shall bear the risk of loss or damage damages to the Property prior to closing or possession, whichever first occurs. SELLERS agree to maintain existing insurance and BUYERS may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLERS SELLER shall bear the risk of loss or damage to the Property prior to the closing or possession, whichever first occursdate. SELLERS agree SELLER agrees to maintain existing insurance and BUYERS BUYER may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS BUYER shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLERS Seller shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLERS agree Seller agrees to maintain existing insurance and BUYERS Buyer may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS Buyer shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLERS shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLERS agree XXXXXXX agrees to maintain existing insurance and BUYERS may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLERS Sellers shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLERS Sellers agree to maintain existing insurance and BUYERS Buyers may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS Buyers shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property Property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLERS shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLERS agree to maintain existing insurance and BUYERS may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing dateclosing.

Risk of Loss and Insurance. SELLERS Seller shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occursClosing. SELLERS agree Seller agrees to maintain existing insurance through the Closing Date and BUYERS Buyer may purchase additional insurance. In the event of substantial damage or destruction prior to closingClosing, this Agreement shall be null and void; provided, however, BUYERS Buyer shall have the option to complete the closing Closing and receive insurance proceeds regardless of the extent of damages. The property Property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition as of the date of destruction or damage on or before the closing Closing date.

Risk of Loss and Insurance. SELLERS shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occursoccurs later. SELLERS agree to maintain existing insurance and BUYERS may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLERS shall SELLERshall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLERS agree SELLERagrees to maintain existing insurance and BUYERS may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it i t cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLERS SELLER shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLERS SELLER agree to maintain existing insurance and BUYERS BUYER may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS BUYER shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing date.

Risk of Loss and Insurance. SELLERS shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLERS agree to maintain existing insurance and BUYERS may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property Property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing dateclosing.

Risk of Loss and Insurance. SELLERS SELLER shall bear the risk of loss or damage to the Property prior to closing or possession, whichever first occurs. SELLERS agree SELLER agrees to maintain existing insurance and BUYERS BUYER may purchase additional insurance. In the event of substantial damage or destruction prior to closing, this Agreement shall be null and void; provided, however, BUYERS BUYER shall have the option to complete the closing and receive insurance proceeds regardless of the extent of damages. The property Property shall be deemed substantially damaged or destroyed if it cannot be restored to its present condition on or before the closing dateClosing Date.