Casualty and Condemnation Amounts. Subject to Section 7.6(b), any amounts payable to the Administrative Agent as a result of a Casualty or Condemnation pursuant to Section 14.2 of the Master Lease and the Assignment of Lease and Construction Agency Agreement shall be distributed as follows:
(a) all amounts payable to the Lessee for the repair of damage caused by such Casualty or Condemnation in accordance with Section 14.2(a) of the Master Lease shall be distributed to the Lessee, and
(b) all amounts that are to be applied to the purchase price of the related Property in accordance with Section 14.2(a) and Article XV of the Master Lease shall be distributed by the Administrative Agent to the Lenders and the Certificate Holders pro rata without priority of one over the other, in the proportion that the Participant Balance of each bears to the aggregate of all of the Participant Balances.
Casualty and Condemnation Amounts. 11 SECTION 3.20. Order of Application ................................................11 SECTION 4.
Casualty and Condemnation Amounts. Any amounts payable to the Lessor as a result of a Casualty or Condemnation pursuant to Section 15.1 of the Lease (but excluding any amounts payable pursuant to Section 16.2 of the Lease) shall, if no Lease Event of Default exists, be paid over to Lessee for the rebuilding or restoration of that portion of the Property to which such Casualty or Condemnation applied, and any excess proceeds shall be paid to the Lessee. If a Lease Event of Default exists, then during the continuance of such Lease Event of Default, all such amounts shall be held by the Agent as Cash Collateral and upon exercise of the Lessor's remedies hereunder shall be distributed pursuant to Section 3.18.
Casualty and Condemnation Amounts. 13 Section 7.9. Order of Application..........................................................14 Section 7.10. Payments to Account...........................................................14 ARTICLE VIII REPRESENTATIONS....................................................................14
Casualty and Condemnation Amounts. Any amounts payable to --------------------------------- the Lessor as a result of a Casualty or Condemnation pursuant to Section 15.1 of --------------- the Lease (but excluding any amounts payable pursuant to Section 16.2 of the --------- ------------------- Lease) shall, if no Lease Event of Default exists, be paid over to Lessee for ----- the rebuilding or restoration of that portion of the Property to which such Casualty or Condemnation applied, and any excess proceeds shall be paid to the Lessee. If a Lease Event of Default exists, then during the continuance of such Lease Event of Default, all such amounts shall be held by the Agent as Cash Collateral and upon exercise of the Lessor's remedies hereunder shall be distributed pursuant to Section 3.18. ------------
Casualty and Condemnation Amounts. Any amounts payable to Agent Bank, Lessor or Facility Lender as a result of a Casualty or Condemnation pursuant to Section 15.1 of the Lease (but excluding any amounts payable pursuant to Section 16.2 of the Lease) shall, if no Lease Event of Default exists, be paid over to the Lessee to reimburse Lessee for any amounts expended by Lessee for the rebuilding or restoration of the Property to which such Casualty or Condemnation applied, and any excess proceeds shall be paid in accordance with the Lease. If a Lease Event of Default exists, then during the continuance of such Lease Event of Default, all such amounts shall be held by Agent Bank in the Cash Collateral Account and upon exercise of Agent Bank's remedies under the Operative Documents shall be distributed pursuant to Section 5.8. 20
Casualty and Condemnation Amounts. Subject to Section 7.5(b) any amounts received by the Administrative Agent or the Lessor as a result of a Casualty or Condemnation pursuant to Section 14.3 of the Lease shall be distributed as follows:
(a) all amounts payable to the Lessee for the repair of damage caused by such Casualty or Condemnation in accordance with Section 14.3(a) of the Lease shall be distributed to the Lessee; and
(b) all amounts that are to be applied towards the payment of the Property Cost shall be distributed by the Administrative Agent in accordance with Section 7.2; provided, however, if any such payment relates to the termination of the transaction contemplated hereby or the liquidation or disposition of the Property, such payment shall be distributed as provided in Section 7.5.
Casualty and Condemnation Amounts. Subject to Section 7.6(b), any amounts payable to the Administrative Agent as a result of a Casualty or Condemnation pursuant to Section 14.2 of the Master Lease and the Assignment of Lease and Rent shall be distributed as follows:
(a) all amounts payable to the Lessee in accordance with Section 14.2(a) of the Master Lease shall be distributed to the Lessee, and
(b) all amounts that are to be applied to the purchase price of the related Property in accordance with Section 14.2(a) and Article XV of the Master Lease shall be distributed by the Administrative Agent to the Lenders and the Lessor pro rata without priority of one over the other, in the proportion that the Participant Balance of each bears to the aggregate of all of the Participant Balances. Xxx Research Corporation Participation Agreement
Casualty and Condemnation Amounts. Subject to Section 7.6(b), any amounts payable to the Administrative Agent as a result of a Casualty or Condemnation pursuant to Section 14.2 of the Master Lease and the Assignment of Lease and Rent shall be distributed as follows:
(a) all amounts payable to the Lessee in accordance with Section 14.2(a) of the Master Lease shall be distributed to the Lessee, and Xxx Research Corporation Participation Agreement
(b) all amounts that are to be applied to the purchase price of the related Property in accordance with Section 14.2(a) and Article XV of the Master Lease shall be distributed by the Administrative Agent to the Lenders and the Lessor pro rata without priority of one over the other, in the proportion that the Participant Balance of each bears to the aggregate of all of the Participant Balances.
Casualty and Condemnation Amounts. Subject to Section 13.6(b), any amounts payable to the Agent as a result of a Casualty or Condemnation pursuant to Section 15.1 of the Lease and the Assignment of Lease shall be distributed as follows: all amounts payable to the Lessee for the repair of damage caused by such Casualty or Condemnation in accordance with Section 15.1(a) of the Lease shall be distributed to the Lessee, and all other amounts shall be distributed by the Agent to the Lenders and the Lessors in the following order of priority: first, to the Lenders, pro rata, to pay the Participant Balance of each Lender; and second, to the Lessors, pro rata, to pay the Participant Balance of each Lessor.
