Common use of Award and Insurance Benefits Clause in Contracts

Award and Insurance Benefits. Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Awards or Insurance Proceeds lawfully or equitably payable in connection with any Individual Property, and Lender shall be reimbursed for any actual, reasonable out-of-pocket expenses incurred in connection therewith (including actual, reasonable out-of-pocket attorneys’ fees and disbursements, and, if reasonably required, the payment by Borrower of the expense of an appraisal on behalf of Lender in case of Casualty or Condemnation affecting any Individual Property or any part thereof) out of such Insurance Proceeds.

Appears in 31 contracts

Samples: Loan Agreement, Ninth Mezzanine Loan Agreement (Harrahs Entertainment Inc), Seventh Mezzanine Loan Agreement (Harrahs Entertainment Inc)

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Award and Insurance Benefits. Borrower shall cooperate with Lender in obtaining for Lender Lender, in accordance with the relevant provisions of this Agreement the benefits of any Awards or Insurance Proceeds lawfully or equitably payable in connection with any Individual Property, and Lender shall be reimbursed for any reasonable, actual, reasonable out-of-pocket expenses incurred in connection therewith (including actual, reasonable out-of-pocket attorneys’ fees and disbursements, and, if reasonably required, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of Casualty or Condemnation affecting any Individual Property or any part thereof) out of such Award or Insurance Proceeds.

Appears in 2 contracts

Samples: Loan Agreement (VICI Properties L.P.), Loan Agreement (MGM Growth Properties Operating Partnership LP)

Award and Insurance Benefits. Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Awards or Insurance Proceeds lawfully or equitably payable in connection with the Property (or any Individual Propertyportion thereof), and Lender shall be reimbursed for any actual, reasonable out-of-pocket expenses incurred in connection therewith (including actual, reasonable out-of-pocket attorneys’ fees and disbursements, and, if reasonably required, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of Casualty or Condemnation affecting any Individual the Property or any part thereof) out of such Insurance Proceeds.

Appears in 2 contracts

Samples: Loan Agreement (Global Net Lease, Inc.), Loan Agreement (Healthcare Trust, Inc.)

Award and Insurance Benefits. Borrower shall cooperate fully with Lender in obtaining for Lender the benefits of any Awards or Insurance Proceeds lawfully or equitably payable in connection with any Individual PropertyProperty to the extent Lender is entitled to same under the terms of the Loan Documents, and Lender shall be reimbursed for any actual, reasonable out-of-pocket expenses reasonably incurred in connection therewith (including actual, reasonable out-of-pocket attorneys’ fees and disbursements, and, if reasonably required, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of Casualty or Condemnation affecting any Individual Property or any part thereof) out of such Award or Insurance Proceeds.

Appears in 1 contract

Samples: Loan Agreement (BlueLinx Holdings Inc.)

Award and Insurance Benefits. Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Awards or Insurance Proceeds lawfully or equitably payable in connection with any Individual Property, and Lender shall be reimbursed for any actual, reasonable out-of-pocket expenses incurred in connection therewith (including actual, reasonable out-of-pocket attorneys’ fees and disbursements, and, if reasonably required, and the payment by Borrower of the reasonable out-of-pocket expense of an appraisal a Qualified Appraisal on behalf of Lender in case of Casualty or Condemnation affecting any Individual Property or any part thereof) out of such Insurance Proceeds.

Appears in 1 contract

Samples: Loan Agreement (Gramercy Capital Corp)

Award and Insurance Benefits. To the extent that Lender is entitled to receive any Awards or Insurance Proceeds on behalf of Borrower, Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Awards or Insurance Proceeds lawfully or equitably payable in connection with any Individual the Property, and Lender shall be reimbursed for any actual, reasonable and actual out-of-pocket expenses incurred in connection therewith (including actual, reasonable out-of-pocket attorneys’ fees and disbursements, and, if reasonably required, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of Casualty or Condemnation affecting any Individual the Property or any part thereof) out of such Insurance Proceeds.

Appears in 1 contract

Samples: Loan Agreement (City Office REIT, Inc.)

Award and Insurance Benefits. Subject to the terms hereof, ---------------------------- Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Awards or Insurance Proceeds lawfully or equitably payable in connection with any Individual Property, and Lender shall be reimbursed for any actual, reasonable out-of-pocket expenses incurred in connection therewith (including actual, reasonable out-of-pocket attorneys' fees and disbursements, and, if reasonably required, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of Casualty or Condemnation affecting any Individual Property or any part thereof) out of such Award or Insurance Proceeds.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International Inc)

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Award and Insurance Benefits. Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Awards or Insurance Proceeds lawfully or equitably payable in connection with any Individual PropertyHome or Home Lease or Lease Services Agreement, and Lender shall be reimbursed for any actual, reasonable out-of-pocket expenses incurred in connection therewith (including actual, reasonable out-of-pocket attorneys’ fees and disbursements, and, if reasonably required, and the payment by Borrower of the Lender’s actual out-of-pocket expense of an appraisal on behalf of Lender in case of Casualty or Condemnation affecting any Individual Property Home or any part thereof) out of such Insurance Proceeds.

Appears in 1 contract

Samples: Loan Agreement (Manufactured Housing Properties Inc.)

Award and Insurance Benefits. Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Awards or Insurance Proceeds to which Lender is entitled under this Agreement which are lawfully or equitably payable in connection with any Individual Property, and Lender shall be reimbursed for any actual, reasonable out-of-pocket expenses incurred in connection therewith (including actual, reasonable out-of-pocket attorneys’ fees and disbursements, and, if reasonably required, and the payment by Borrower of the expense of an appraisal on behalf of and reasonably requested by Lender in case of Casualty or Condemnation affecting any Individual Property or any part thereof) out of such Insurance Proceeds.

Appears in 1 contract

Samples: Loan Agreement (Capitalsource Inc)

Award and Insurance Benefits. Borrower shall and shall cause Owner to cooperate with Lender in obtaining for Lender the benefits of any Awards or Insurance Proceeds to which Lender is entitled under this Agreement which are lawfully or equitably payable in connection with any Individual Property, and Lender shall be reimbursed for any actual, reasonable out-of-pocket expenses incurred in connection therewith (including actual, reasonable out-of-pocket attorneys’ fees and disbursements, and, if reasonably required, and the payment by Borrower of the expense of an appraisal on behalf of and reasonably requested by Lender in case of Casualty or Condemnation affecting any Individual Property or any part thereof) out of such Insurance Proceeds.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Capitalsource Inc)

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