Definition of Pre-Closing Casualty Loss


Pre-Closing Casualty Loss means any material casualty loss or material damage to any material assets of the Target Companies that occurs prior to the Effective Time other than with respect to assets which have been fully repaired or replaced as of the Closing Date.71
Sample 1

Examples of Pre-Closing Casualty Loss in a sentence

From the date of this Agreement to the Closing Date, no Pre-Closing Casualty Loss shall have occurred.