Common use of Casualty Event Clause in Contracts

Casualty Event. Any loss of, or damages to, or any condemnation or other taking of any assets or property of the Borrower or any Subsidiary for which the Borrower or any Subsidiary receives insurance proceeds, proceeds of a condemnation award or other compensation.

Appears in 2 contracts

Samples: Credit Agreement (Teletrac Inc /De), Credit Agreement (Pegasus Communications Corp)

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Casualty Event. Any loss of, or damages to, or With respect to any condemnation or other taking of property (including any assets or property interest in property) of the Borrower or any Subsidiary of its Restricted Subsidiaries, any loss of, damage to, or condemnation or other taking of, such property for which the Borrower or any such Restricted Subsidiary receives insurance proceeds, proceeds of a condemnation award or other compensation.

Appears in 1 contract

Samples: Revolving Credit Agreement (Friendly Ice Cream Corp)

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Casualty Event. Any loss of, or damages to, or any condemnation or -------------- other taking of any assets or property of the Borrower or any Subsidiary Companies for which the Borrower or any Subsidiary Company receives insurance proceeds, proceeds of a condemnation award or other compensation.

Appears in 1 contract

Samples: Credit Agreement (Voyager Net Inc)

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