Damage, Destruction and Condemnation. (a) If all or any part of the Property shall be damaged or destroyed, or if title to or the temporary use of the whole or any part of the Property shall be taken or condemned by a competent authority for any public or quasi-public use or purpose, subject to the terms of the Indenture, there shall be no abatement or reduction in the amounts payable by Grantor under the Indenture and Grantor shall continue to be obligated to make such payments.
Appears in 5 contracts
Samples: Styrochem U S LTD, Styrochem U S LTD, Styrochem U S LTD
Damage, Destruction and Condemnation. (a) If all or any part of the Property shall be damaged or destroyed, or if title to or the temporary use of the whole or any part of the Property shall be taken or condemned by a competent authority for any public or quasi-public use or purpose, subject to the terms of the IndentureCredit Agreement, there shall be no abatement or reduction in the amounts payable by Grantor under the Indenture Credit Agreement and Grantor shall continue to be obligated to make such payments.
Appears in 5 contracts
Samples: Security Agreement and Fixture Filing (Radnor Holdings Corp), Security Agreement and Fixture Filing (Radnor Holdings Corp), Security Agreement and Fixture Filing (Radnor Holdings Corp)
Damage, Destruction and Condemnation. (a) If all or any part of the Property shall be damaged or destroyed, or if title to or the temporary use of the whole or any part of the Property shall be taken or condemned by a competent authority for any public or quasi-public use or purpose, subject to the terms of the Indenture, there shall be no abatement or reduction in the amounts payable by Grantor Mortgagor under the Indenture Loan Documents and Grantor Mortgagor shall continue to be obligated to make such payments.
Appears in 4 contracts
Samples: Mortgage and Security Agreement (Trailer Bridge Inc), Mortgage and Security Agreement (Exactech Inc), Mortgage and Security Agreement (Levitt Corp)
Damage, Destruction and Condemnation. (a) If all or any part of the Property shall be damaged or destroyed, or if title to or the temporary use of the whole or any part of the Property shall be taken or condemned by a competent authority for any public or quasi-public use or purpose, subject to the terms of the Indenture, there shall be no abatement or reduction in the amounts payable by Grantor Borrower under the Indenture Loan Documents, and Grantor Borrower shall continue to be obligated to make such payments.
Appears in 3 contracts
Samples: Mortgage, Security Agreement and Fixture, Mortgage, Security Agreement and Fixture (Saddlebrook Resorts Inc), Mortgage, Security Agreement and Fixture (Saddlebrook Resorts Inc)
Damage, Destruction and Condemnation. (a) If all or any part of the Property shall be damaged or destroyed, or if title to or the temporary use of the whole or any part of the Property shall be taken or condemned by a competent authority for any public or quasi-public use or purpose, subject to the terms of the IndentureCredit Agreement, there shall be no abatement or reduction in the amounts payable by Grantor Mortgagor under the Indenture Credit Agreement and Grantor Mortgagor shall continue to be obligated to make such payments.
Appears in 3 contracts
Samples: Security Agreement and Fixture Filing (Radnor Holdings Corp), Security Agreement and Fixture Filing (Radnor Holdings Corp), Radnor Holdings Corp
Damage, Destruction and Condemnation. (a) If all or any part of the Property shall be damaged or destroyed, or if title to or the temporary use of the whole or any part of the Property shall be taken or condemned by a competent authority for any public or quasi-public use or purpose, subject to the terms of the Indenture, there shall be no abatement or reduction in the amounts payable by Grantor Mortgagor under the Indenture and Grantor Mortgagor shall continue to be obligated to make such payments.
Appears in 3 contracts
Samples: Security Agreement and Fixture Filing (Styrochem U S LTD), Security Agreement and Fixture Filing (Styrochem U S LTD), Styrochem U S LTD
Damage, Destruction and Condemnation. (a) If all or any part of the Property shall be damaged or destroyed, or if title to or the temporary use of the whole or any part of the Property shall be taken or condemned by a competent authority for any public or quasi-public use or purpose, subject to the terms of the Indenture, there shall be no abatement or reduction in the amounts payable by Grantor Mortgagor under the Indenture Loan Agreement and Grantor Mortgagor shall continue to be obligated to make such payments.
Appears in 1 contract
Samples: Radnor Holdings Corp
Damage, Destruction and Condemnation. (a) If all or any part of the Property shall be damaged or destroyed, or if title to or the temporary use of the whole or any part of the Property shall be taken or condemned by a competent authority for any public or quasi-public use or purpose, subject to the terms of the Indenture, Credit Agreement there shall be no abatement or reduction in the amounts payable by Grantor Mortgagor under the Indenture Credit Agreement and Grantor Mortgagor shall continue to be obligated to make such payments.
Appears in 1 contract
Samples: Security Agreement and Fixture Filing (Radnor Holdings Corp)
