Application of Insurance Moneys. All moneys received or receivable under any of the policies of insurance aforesaid by whomsoever effected shall be paid to the Lender and applied towards making good the loss or damage incurred or at the election of the Lender towards payment to the Lender under this Agreement in reduction of the Facilities and all sums due under this Agreement;
Application of Insurance Moneys. The Bank may require any moneys received on any insurance relating to the Property whether effected by the Bank or by the Assignor to be applied in or towards making good the loss or damage in respect of which the moneys are received or receivable or in or towards the discharge of the Monies Hereby Secured or any other monies secured hereunder or if no moneys are for the time being owing by the Assignor and/or any Security Party to the Bank, to be paid into a cash collateral account to be opened by the Assignor and to be maintained with the Bank or any financial institutions as stipulated by the Bank and the Assignor shall hold any moneys received on such insurance in trust for the Bank and the Bank may receive and give a good discharge for any such moneys.
Application of Insurance Moneys. (1) Upon the occurrence of any damage, losses or injury to the Works or unfixed Plant, materials or goods prior to completion from any cause whatsoever the Contractor shall subject to Clause 25.1(3) proceed immediately to rectify and make good the same free of charge. Any moneys, if and when received under the policies of insurance under this Clause shall be paid in the first place to the Employer and then (less only the aforesaid percentage for professional fees, if any) released to the Contractor by instalments on the interim certificates of the Superintending Officer.
Application of Insurance Moneys. Until the security created by this Assignment becomes enforceable in accordance with this Assignment and the Facility Letter.:
Application of Insurance Moneys. All claims and moneys received or receivable under any such Insurances as aforesaid shall (subject to the rights and claims of any person with a security interest ranking in priority to or PARI PASSU with this Debenture over any part of the Charged Property) be held by the Chargor on trust for the Chargee and shall be applied by the Chargor in repaying or reducing the Secured Debt or, if prior to the security created by this Debenture becoming enforceable pursuant to Clause 12.1, in replacing, restoring or reinstating the Charged Property so destroyed or damaged.
Application of Insurance Moneys. All monies payable under, pursuant to or in respect of the insurances shall be applied as provided pursuant to Clause 11 of the Master Lease.
Application of Insurance Moneys. 9.1 Prior to an Event of Default Prior to the occurrence of an Event of Default which is continuing, the proceeds of any claim under any of the Obligatory Insurances (other than in respect of a total loss or a Damage Notification Event) shall be applied, in full, by the Subsidiary Guarantor in or towards making good the loss or damage in respect of which such proceeds have been paid (and in the event that the proceeds of any claim are received by the Security Trustee, such proceeds (provided that the Subsidiary Guarantor is not in breach of any of its obligations under any Finance Document to which it is a party) shall be paid by the Security Trustee to the Subsidiary Guarantor in reimbursement of moneys expended by it for such purpose upon providing evidence satisfactory to the Security Trustee that such sums have been or are to be applied for such purpose).
