Application of Net Proceeds of Insurance and Eminent Domain. (a) The Net Proceeds of the insurance carried pursuant to the provisions of Sections 6.3(b) and 6.3(c) hereof shall be applied by the Borrower toward extinguishment of the defect or claim or satisfaction of the liability with respect to which such insurance proceeds may be paid.
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Samples: Loan Agreement (Heico Corp), Loan Agreement (Medical Action Industries Inc), Loan Agreement (Dollar Tree Stores Inc)
Application of Net Proceeds of Insurance and Eminent Domain. (a) The Net Proceeds of the insurance carried pursuant to the provisions of Sections 6.3(b4.3(c), 4.3(d) and 6.3(cand, if practicable, 7.1(c) hereof shall be applied by the Borrower toward extinguishment of the defect or claim or satisfaction of the liability with respect to which such insurance proceeds may be paid.
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Samples: Letter of Credit and Reimbursement Agreement (Medical Action Industries Inc), Credit and Reimbursement Agreement (Lunn Industries Inc /De/)
Application of Net Proceeds of Insurance and Eminent Domain. (a) The Net Proceeds of the insurance carried pursuant to the provisions of Sections 6.3(b4.2(c), 4.2(d) and 6.3(cand, if practicable, 7.1(k) hereof shall be applied by the Borrower toward extinguishment of the defect or claim or satisfaction of the liability with respect to which such insurance proceeds may be paid.
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Samples: Letter of Credit and Reimbursement Agreement (Performance Food Group Co)
Application of Net Proceeds of Insurance and Eminent Domain. (a) The Net Proceeds of the insurance carried pursuant to the provisions of Sections 6.3(b) and 6.3(c) hereof shall be applied by the Borrower Company toward extinguishment of the defect or claim or satisfaction of the liability with respect to which such insurance proceeds may be paid.
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