Common use of Condemnation Awards Clause in Contracts

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Agreement.

Appears in 6 contracts

Samples: Credit Agreement (United Online Inc), Security Agreement (United Online Inc), Credit Agreement (Ruths Hospitality Group, Inc.)

AutoNDA by SimpleDocs

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, Condemnation Awards to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation Condemnation Awards and to give proper receipts and acquittances therefor, subject to the terms of the Credit AgreementAgreement (including without limitation, Section 2.06(c)(iii) thereof).

Appears in 4 contracts

Samples: Security Agreement (Chiquita Brands International Inc), Security Agreement (Chiquita Brands International Inc), Security Agreement (Chiquita Brands International Inc)

Condemnation Awards. Mortgagor assigns all awards and ------------------- compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Agreement.

Appears in 4 contracts

Samples: Sandhills Inc, Sandhills Inc, Sandhills Inc

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Loan Agreement.

Appears in 4 contracts

Samples: Mortgage Modification Agreement (Acadia Realty Trust), Equity Inns Inc, Cedar Income Fund LTD /Md/

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances acquaintances therefor, subject to the terms of the Credit Agreement.

Appears in 3 contracts

Samples: Security Agreement (IAA Acquisition Corp.), Credit Agreement (Regal Cinemas Corp), M & F Worldwide Corp

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances acquaintances therefor, subject to the terms of the Credit AgreementIndenture.

Appears in 2 contracts

Samples: Intercreditor Agreement (Edgen Group Inc.), Intercreditor Agreement (Edgen Murray II, L.P.)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject except to the extent otherwise provided by the terms of the Credit Agreement.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Simmons Co /Ga/), Credit and Guaranty Agreement (Simmons Bedding Co)

Condemnation Awards. Mortgagor assigns all awards and compensation Condemnation Awards to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and subject to the terms of the Credit Agreement, authorizes Mortgagee to collect and receive such awards and compensation Condemnation Awards and to give proper receipts and acquittances therefor, subject to in accordance with the terms of the Credit Agreement.

Appears in 2 contracts

Samples: Security Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, Condemnation Awards to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation Condemnation Awards and to give proper receipts and acquittances therefor, subject to the terms of the Credit AgreementAgreement and the applicable provisions of Schedule I attached hereto.

Appears in 2 contracts

Samples: Credit Agreement (Five Star Senior Living Inc.), Credit Agreement (Five Star Quality Care, Inc.)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, Condemnation Awards to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation Condemnation Awards and to give proper receipts and acquittances therefor, subject to the terms of the Credit AgreementFinancing Documents.

Appears in 2 contracts

Samples: Credit Agreement (Dynegy Inc.), Credit Agreement (Dynegy Inc.)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Agreement.

Appears in 2 contracts

Samples: Open End Mortgage, Security Agreement (Westway Group, Inc.), Open End Mortgage, Security Agreement (Westway Group, Inc.)

AutoNDA by SimpleDocs

Condemnation Awards. Mortgagor assigns all awards and compensation Condemnation Awards to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, Taking to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation Condemnation Awards and to give proper receipts and acquittances therefor, subject to the terms of the Credit AgreementNote and the prior rights of the Senior Lender (if any).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Golf Trust of America Inc)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee (on behalf of the Lenders) and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Loan Agreement.

Appears in 1 contract

Samples: And Consolidated Mortgage and Security Agreement (Metropolis Realty Trust Inc)

Condemnation Awards. To the extent permitted by the Lease, Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances acquaintances therefor, subject to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Regal Cinemas Corp)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Agreement. Mortgagor shall cause all Condemnation Awards to be applied in accordance with Section 2.10(c)(i) of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Verso Paper Holdings LLC)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee Mortgagee, for the benefit of the Lenders, and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (DMW Worldwide Inc)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Loan Agreement.. MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING - Page 5 [Pinebrook – Milford, OH]

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (NorthStar Healthcare Income, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!