Common use of Condemnation or Casualty Clause in Contracts

Condemnation or Casualty. If Borrower is required to make any prepayment under Section 5.3 or Section 5.4 as a result of a Condemnation or Casualty, on the next occurring Monthly Payment Date following the date on which Lender actually receives the applicable Net Proceeds, one hundred percent (100%) of such Net Proceeds and all other amounts required to be prepaid pursuant to Section 5.3 or Section 5.4, as applicable, shall be applied to the prepayment of the Debt in accordance with Section 2.4.5

Condemnation or Casualty. If Borrower is required to make any prepayment under Section 5.3 6.3 or Section 5.4 6.4 as a result of a Condemnation or Casualty, on the next occurring Monthly Payment Date following the date on which Lender actually receives the applicable Net ProceedsInsurance Proceeds or Award are paid to the Casualty and Condemnation Reserve, one hundred percent (100%) of such Required Lenders or Servicer shall apply the Net Proceeds and all other amounts required to be prepaid pursuant to Section 5.3 or Section 5.4, as applicable, shall be applied to thereof towards the prepayment of the Debt in accordance with the amount required by Section 2.4.56.3 or Section 6.4, as applicable, and Borrower shall prepay the Debt in such amount.

Condemnation or Casualty. If Borrower is required to make any prepayment under Section 5.3 or Section 5.4 as a result of a Condemnation or Casualty, on the next occurring Monthly Payment Date following the date on which Lender actually receives the applicable Net Proceeds, one hundred percent (100%) of such Net Proceeds and all other amounts Proceeds, up to the amount required to be prepaid pursuant to as provided in Section 5.3 or Section 5.4, as applicable, shall be applied to the prepayment of the Debt in accordance with Section 2.4.5with