EMINENT DOMAIN AWARD. Subject to the requirements of any prior Lien on the Collateral so taken, cash equal to the amount of the award for such property or the proceeds of such sale, to be held as Trust Moneys subject to the disposition thereof pursuant to Article XIII hereof.
Appears in 2 contracts
Samples: Security Agreement (Bayou Steel Corp), Intercreditor Agreement (River Road Realty Corp)
EMINENT DOMAIN AWARD. Subject to the requirements of any prior Prior Lien (as defined in the applicable Mortgages) on the Collateral so taken, cash equal to the amount of the award for such property or the proceeds of such sale, to be held as Trust Moneys subject to the disposition thereof pursuant to Article XIII Eleven hereof.; and
Appears in 1 contract
Samples: Indenture (Sheffield Steel Corp)
EMINENT DOMAIN AWARD. Subject to the requirements of any prior -------------------- Prior Lien (as defined in the applicable Mortgage) on the Collateral so taken, cash equal to the amount of the award for such property or the proceeds of such sale, to be held as Trust Moneys subject to the disposition thereof pursuant to Article XIII Eleven hereof.; and
Appears in 1 contract
Samples: Sheffield Steel Corp
