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Common use of Duty to Restore Clause in Contracts

Duty to Restore. Nothing in this Deed of Trust shall be deemed to excuse Trustor from restoring, repairing and maintaining the Property, as herein provided (other than Beneficiary’s failure to apply insurance proceeds to the restoration of the Property as and to the extent required by Section 7(c) above, which failure shall excuse Trustor only to the extent of the insurance proceeds so withheld by Beneficiary), regardless of whether or not insurance proceeds are available for restoration, whether or not any such proceeds are sufficient in amount, or whether or not the Property can be restored to the same condition and character as existed prior to such damage or destruction.

Appears in 2 contracts

Samples: Intercreditor Agreement (Eldorado Resorts LLC), Construction Deed of Trust (Eldorado Resorts LLC)

Duty to Restore. Nothing in this Deed of Trust shall be deemed to excuse Trustor from restoring, repairing and maintaining the Property, as herein provided (other than Beneficiary’s failure to apply insurance proceeds to the restoration of the Property as and to the extent required by Section 7(c) above, which failure shall excuse Trustor only to the extent of the insurance proceeds so withheld by Beneficiary)provided, regardless of whether or not insurance proceeds are available for restoration, whether or not any such proceeds are sufficient in amount, or whether or not the Property can be restored to the same condition and character as existed prior to such damage or destruction.

Appears in 1 contract

Samples: Deed of Trust (Players International Inc /Nv/)

Duty to Restore. Nothing in this Deed of Trust shall be deemed to excuse Trustor from restoring, repairing and maintaining the Property, as herein provided (other than Beneficiary’s 's failure to apply insurance proceeds to the restoration of the Property as and to the extent required by Section 7(c) above, which failure shall excuse Trustor only to the extent of the insurance proceeds so withheld by Beneficiary), regardless of whether or not insurance proceeds are available for restoration, whether or not any such proceeds are sufficient in amount, or whether or not the Property can be restored to the same condition and character as existed prior to such damage or destruction.

Appears in 1 contract

Samples: Credit Agreement (Circus Circus Enterprises Inc)