Collection of Insurance Proceeds. To cooperate with Lender in obtaining for Lender the benefits of any insurance or other proceeds lawfully or equitably payable to Lender in connection with the transactions contemplated hereby and to reimburse Lender for any expenses incurred in connection therewith (including the payment by Borrower of the expense of an independent appraisal on behalf of Lender in case of a fire or other casualty affecting the Property).
Appears in 2 contracts
Samples: Construction and Land Acquisition Loan Agreement (Across America Real Estate Development Corp), Construction and Land Acquisition Loan Agreement (Across America Real Estate Development Corp)
Collection of Insurance Proceeds. To cooperate with Lender in obtaining for Lender the benefits of any insurance or other proceeds lawfully or equitably payable to Borrower or Lender in connection with the transactions contemplated hereby and in paying any indebtedness or obligation of Borrower to reimburse Lender for any expenses incurred in connection therewith hereunder (including the payment by Borrower of the expense of an independent appraisal on behalf of Lender in case of a fire or other casualty affecting the Property).
Appears in 2 contracts
Samples: Revolving Loan Agreement (Levitt Corp), Construction Loan Agreement (Vacation Break Usa Inc)
Collection of Insurance Proceeds. To cooperate with Lender in obtaining for Lender the benefits of any insurance or other proceeds lawfully or equitably payable to Lender them in connection with the transactions contemplated hereby and the collection of any indebtedness or obligation of Borrower to reimburse Lender for any expenses incurred in connection therewith hereunder (including the payment by Borrower of the expense of an independent appraisal on behalf of Lender in case of a fire or other casualty affecting the PropertyPremises).
Appears in 1 contract
Samples: Loan Agreement (Goldfield Corp)
Collection of Insurance Proceeds. To cooperate with Lender in obtaining for Lender the benefits of any insurance policy or other proceeds lawfully or equitably payable to Lender them in connection with the transactions contemplated hereby and the collection of any indebtedness or obligation of Borrower to reimburse Lender for any expenses incurred in connection therewith hereunder (including the payment by Borrower of the expense expenses of an independent appraisal on behalf of Lender in case of a fire or other casualty affecting the PropertyImprovements).
Appears in 1 contract