Common use of Application of Recoveries Clause in Contracts

Application of Recoveries. procure that each Owner applies all sums receivable under the Insurances which are paid to each Owner in accordance with the relevant Loss Payable Clauses in repairing all damage and/or in discharging the liability in respect of which such sums shall have been received; and

Application of Recoveries. procure that each the Owner applies all sums receivable under the Insurances which are paid to each the Owner in accordance with the relevant Loss Payable Clauses in repairing all damage and/or in discharging the liability in respect of which such sums shall have been received; and;

Application of Recoveries. procure that each the Owner applies all sums receivable under the Insurances which are paid to each the Owner in accordance with the relevant Loss Payable Clauses in repairing all damage and/or in discharging the liability in respect of which such sums shall have been received; and

Application of Recoveries. procure that each Owner applies all sums receivable under the Insurances which are paid to each Owner in accordance with the relevant Loss Payable Clauses in repairing all damage and/or in discharging the liability in respect of which such sums shall have been received; and;