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and the Closing Date, the Property sustains damage which is not within the definition of <strong>Materially Damaged</strong> or Destroyed , the parties shall proceed to Closing.", "If the Property is not <strong>Materially Damaged</strong>, then (x) REIT shall not have the right to terminate this Agreement and (y) at Closing, REIT shall receive a credit for Contributors\u2019 applicable interest of any applicable deductible amount under said insurance policies and any uninsured loss.", "If, between the Effective Date and the Closing Date, the Property sustains damage which is not within the definition of <strong>Materially Damaged</strong> or Destroyed, the parties shall proceed to Closing.", "For the purposes of this Agreement, &quot;Material Damage&quot; and &quot;<strong>Materially Damaged</strong>&quot; means damage which, in Seller&#x27;s reasonable estimation, exceeds $200,000.00 to repair or which, in Seller&#x27;s reasonable estimation, will take longer than ninety (90) days to repair.", "If the Property is not <strong>Materially Damaged</strong>, then (x) REIT shall not have the right to terminate this Agreement and (y) at Closing, REIT shall receive a credit for Contributor\u2019s applicable interest of any applicable deductible amount under said insurance policies and any uninsured loss.", "If all or part of the Project is destroyed or <strong>Materially Damaged</strong>, Landlord shall have the right, in its sole and complete discretion, to repair or to rebuild the Project or to terminate this Lease.", "If the Property is not <strong>Materially Damaged</strong>, then Purchaser shall not have the right to terminate this Agreement under this Section 6.2, Seller shall credit Purchaser at Closing for the reasonable cost to complete the repair, Seller shall retain all insurance proceeds relating to such casualty, and Purchaser shall assume full responsibility for all needed repairs.", "If the Property is not <strong>Materially Damaged</strong>, 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 casualty insurance proceeds and Purchaser shall assume full responsibility for all needed repairs)."], "related": [["property-damage", "Property damage", "Property damage"], ["severe-property-damage", "Severe property damage", "Severe property damage"], ["injury-injured", "Injury/Injured", "Injury/Injured"], ["material-damage", "Material Damage", "Material Damage"], ["direct-damage", "Direct Damage", "Direct Damage"]], "related_snippets": [], "updated": "2026-04-15T04:23:14+00:00"}, "json": true, "cursor": ""}}