Common use of Insurance Proceeds Clause in Contracts

Insurance Proceeds. Under the terms of each Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds will be applied either to the repair or restoration of all or part of the applicable Individual Property, with Mortgage Lender having the right to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds will be applied either to the repair or restoration of all or part of the applicable Individual Property, with Mortgage Lender having the right to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds will be applied either to the repair or restoration of all or part of the applicable Individual Property, with Mortgage Lender having the right to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds that are paid or awarded with respect to the leasehold interest will be applied either to the repair or restoration of all or part of the applicable Individual Property, with Mortgage Lender having the right right, if the proceeds exceed $500,000, to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance outstanding principal balance of the Loan together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds will be applied either to the repair or restoration of all or part of the applicable Individual Property, with Mortgage Lender Agent having the right to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance outstanding principal balance of the Loan together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable related Mortgage, taken together, any related insurance and condemnation proceeds that are paid or awarded with respect to the leasehold interest will be applied either to the repair or restoration of all or part of the applicable related Individual Property, with Mortgage Lender having the right to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance outstanding principal balance of the Mortgage Loan together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds that are paid or awarded with respect to the leasehold interest will be applied either to the repair or restoration of all or part of the applicable Individual Property, with Mortgage Lender having the right to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance outstanding principal balance of the Loan together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds will be applied either to the repair or restoration of all or part of the applicable Individual Property, with Mortgage Lender an insurance trustee (which may be Lender) having the right to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds will be applied either to the repair or restoration of all or part of the applicable Individual PropertyProject, with Mortgage Lender Agent having the right to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance outstanding principal balance of the Loan together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds will be applied either to the repair or restoration of all or part of the applicable Individual Property, with Mortgage Lender Lender, subject to the terms of this Agreement and the Mortgage, having the right to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance outstanding principal balance of the Loan together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds will be applied either to the repair or restoration of all or part of the applicable Individual Property, with Mortgage Lender Agent having the right to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance outstanding principal balance of the Mortgage Loan together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable MortgageLoan Documents, taken together, any related insurance and condemnation proceeds will be applied either to the repair or restoration of all or part of the applicable Individual Property, with Mortgage Lender having the right to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance outstanding principal balance of the Loan together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds will be applied either to the repair or restoration of all or part of the applicable Individual Property, with Mortgage Lender having the right right, in the instance where the Net Proceeds are in excess of $750,000.00, to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance outstanding principal balance of the Loan together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds Insurance Proceeds will be applied either (y) to the repair or restoration of all or part of the applicable Individual PropertyProject, with Mortgage Lender having the right to hold and disburse the proceeds as the repair or restoration progresses, or (z) to the payment of the Outstanding Principal Balance outstanding principal balance of the Loan together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds that are paid or awarded with respect to the leasehold interest will be applied either to the repair or restoration of all or part of the applicable related Individual Property, with Mortgage Lender having the right to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance outstanding principal balance of the Loan together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds will be applied either to the repair or restoration of all or part of the applicable Individual PropertyProject, with Mortgage the Lender having the right to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance outstanding principal balance of the Loan together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds will be applied either to the repair or restoration of all or part of the applicable Individual Property, with Mortgage Lender having the right to hold and disburse the proceeds as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance outstanding principal balance of the Loan together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable respective Mortgage, taken together, any related insurance and condemnation proceeds will be applied either to the repair or restoration of all or part of the applicable Individual Collateral Property, with Mortgage Lender having the right to hold and disburse the proceeds in excess of $1,000,000 as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance outstanding principal balance of the Loan together with any accrued interest thereon.

Insurance Proceeds. Under the terms of each the Ground Lease and the applicable Mortgage, taken together, any related insurance and condemnation proceeds will be applied either to the repair or restoration of all or part of the applicable Individual Property, with Mortgage Lender having the right to hold and disburse the proceeds payable to Borrower in accordance with Article XI thereof as the repair or restoration progresses, or to the payment of the Outstanding Principal Balance outstanding principal balance of the Loan together with any accrued interest thereon.