Common use of Disbursement of Net Proceeds Clause in Contracts

Disbursement of Net Proceeds. (a) Any Net Proceeds to be used to pay the cost of Restoration Work pursuant to Sections 3.2 or 3.3 hereof shall be held by Lender and shall be paid out from time to time to Borrower as the work progresses (less any cost to Lender or Trustee of recovering and paying out such proceeds, including reasonable attorneys' fees and costs allocable to inspecting the work and the plans and specifications therefor), subject to each of the following conditions:

Disbursement of Net Proceeds. (a) Any Net Proceeds to be used to pay the cost of Restoration Work pursuant to Sections 3.2 or 3.3 hereof shall be held by Lender and shall be paid out from time to time to Borrower as the work progresses (less any cost to Lender or Trustee of recovering and paying out such proceeds, including reasonable attorneys' fees and costs allocable to inspecting the work and the plans and specifications therefor), subject to each of the following conditions:

Disbursement of Net Proceeds. (a) Any Net Proceeds to be used to pay the cost of Restoration Work pursuant to Sections 3.2 or 3.3 hereof shall be held by Lender and shall be paid out from time to time to Borrower as the work progresses (less any cost to reasonable out-of-pocket costs of Lender or Trustee and any reasonable charge of Trustee of recovering and paying out such proceeds, including reasonable attorneys' ’ fees and costs allocable to inspecting the work and the plans and specifications therefor), subject to each of the following conditions: