Common use of Casualty Loss; Proceeds of Insurance Clause in Contracts

Casualty Loss; Proceeds of Insurance. (a) The Borrower will give the Lender prompt written notice of any loss or damage to the Property, or any part thereof, by fire or other casualty.

Appears in 5 contracts

Samples: Revolving Credit Loan Agreement (Global Self Storage, Inc.), Construction Loan Agreement (Sentio Healthcare Properties Inc), Construction Loan Agreement (CNL Growth Properties, Inc.)

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Casualty Loss; Proceeds of Insurance. (a) The Borrower will give the Lender Agent prompt written notice of any loss or damage to the PropertyPremises, or any part thereof, by fire or other casualty.

Appears in 4 contracts

Samples: Mortgage, Security Agreement (Grubb & Ellis Healthcare REIT, Inc.), Mortgage, Security Agreement (Grubb & Ellis Healthcare REIT, Inc.), Mortgage, Security Agreement (Grubb & Ellis Healthcare REIT, Inc.)

Casualty Loss; Proceeds of Insurance. (a) The Borrower will give the Lender prompt written notice of any material loss or damage to the PropertyCollateral, or any part thereof, by fire or other casualty.

Appears in 1 contract

Samples: Credit Agreement (JetPay Corp)

Casualty Loss; Proceeds of Insurance. (a) The Borrower will give the Lender prompt written notice of any loss or damage to the Property, or any part thereof, by fire or other casualty. In case of loss or damage covered by any one of the insurance policies maintained with respect to the Property, all proceeds of such insurance policies will be applied in accordance with the Mortgage.

Appears in 1 contract

Samples: Credit Agreement (Universal Technical Institute Inc)

Casualty Loss; Proceeds of Insurance. (a) The Borrower Borrowers will give the Lender prompt written notice of any loss or damage to the any Hotel Property, or any part thereof, by fire or other casualty.

Appears in 1 contract

Samples: Loan Agreement (Lodging Fund REIT III, Inc.)

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Casualty Loss; Proceeds of Insurance. (a) The Borrower will give the Lender prompt written notice of any loss or damage to the Property, or any part thereof, by fire or other casualty.. In case of loss or damage covered by any one of the insurance policies maintained with respect to the Property, all proceeds of such insurance policies will be applied in accordance with the Mortgage. 4.21

Appears in 1 contract

Samples: Credit Agreement (Universal Technical Institute Inc)

Casualty Loss; Proceeds of Insurance. (a) The Borrower will give the Lender prompt written notice of any material loss or damage to the PropertyCollateral, or any part thereof, by fire or other casualty.

Appears in 1 contract

Samples: Credit Agreement (JetPay Corp)

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