MINOR DAMAGE OR DESTRUCTION definition
MINOR DAMAGE OR DESTRUCTION means such instances of damage or destruction: (i) which can be repaired or restored at a cost of $100,000.00 or less; (ii) which can be restored and repaired within sixty (60) days from the date of such damage or destruction; (iii) in which Seller's rights under its rent loss insurance policy covering the Property (or portions thereof) are assignable to Buyer and will continue pending restoration and repair of the damage or destruction.