Deposit of Net Proceeds. The Net Proceeds of any taking of the Leased Property or any portion thereof in eminent domain proceedings, and the Net Proceeds of any policy of insurance maintained under Section 5.4, shall be paid to the District or the Bank to be applied as hereinafter set forth in Section 6.2.
Deposit of Net Proceeds. The Trustee shall deposit Net Proceeds of insurance which it receives in the Net Proceeds Fund as provided in Section 5.3 (regarding casualty and theft insurance) and Section 5.4 (regarding title insurance) promptly upon receipt thereof. The County shall transfer to the Trustee for deposit in the Net Proceeds Fund any other Net Proceeds received by the County in the event of any damage, destruction, theft or taking by eminent domain or condemnation with respect to the Mortgaged Property.
Deposit of Net Proceeds. In the event all or any material portion of the Parking Facility is damaged or destroyed by fire or other casualty, the Landlord and Tenant shall deposit all Net Proceeds payable as to such casualty with an escrow agent (the “Escrow Agent”) mutually acceptable to Landlord and Tenant. Landlord shall, within ninety (90) days after the date such damage or destruction occurs, proceed in accordance with the following provisions and shall give notice of its intended course of action to Tenant, and the Escrow Agent shall disburse such Net Proceeds in accordance with such notice.
Deposit of Net Proceeds. The Company agrees to maintain no less than three percent of the net proceeds received from this Financing Transaction in a bank account in Hong Kong or other suitable jurisdiction for the payment of expenses related to the transactions contemplated hereby and any penalty obligations payable to the Purchasers.
Deposit of Net Proceeds. The Net Proceeds of the Bond will be deposited in the Proceeds Account of Escrow Fund established in Section 3.5 hereof for payment of Costs of the Project, upon requisition by the Borrower as provided in Section 3.5
