Common use of Events of Loss Clause in Contracts

Events of Loss. (a) If an Event of Loss occurs with respect to any Collateral with a Fair Market Value (or replacement cost, if greater) in excess of $5.0 million, the Borrower or the affected Subsidiary Guarantor, as the case may be, may apply any Net Loss Proceeds from such Event of Loss to the rebuilding, repair, replacement or construction of improvements to the affected Property (the “Subject Property”), with no concurrent obligation to prepay any Loans if the Borrower delivers to the Administrative Agent within 90 days of such Event of Loss:

Events of Loss. (a) If an Event of Loss occurs with respect to any Collateral with a Fair Market Value (or replacement cost, if greater) in excess of $5.0 million, the Borrower Company or the affected Subsidiary Guarantor, as the case may be, may apply any Net Loss Proceeds from such Event of Loss to the rebuilding, repair, replacement or construction of improvements to the affected Property (the “"Subject Property”"), with no concurrent obligation to prepay make any Loans purchase of any Notes if the Borrower Company delivers to the Administrative Agent Trustee within 90 days of such Event of Loss:

Events of Loss. (a1) If an Within 365 days after any Event of Loss occurs with respect to any Collateral with a Fair Market Value (or replacement cost, if greater) in excess of $5.0 million500,000, the Borrower Company or the affected Subsidiary GuarantorRestricted Subsidiary, as the case may be, may apply any the Net Loss Proceeds from such Event of Loss to the rebuilding, repair, replacement or construction of improvements to the Property affected Property by such Event of Loss (the “Subject Property”), ) with no concurrent obligation to offer to prepay any Loans if Loans; provided, however, that the Borrower Company delivers to the Administrative Agent within 90 days of such Event of Loss:

Events of Loss. (a) If In the event of an Event of Loss occurs with respect to any Collateral with a Fair Market Value (or replacement cost, if greater) in excess of $5.0 1.0 million, the Borrower Company or the affected Subsidiary Guarantor, as the case may be, may apply any the Net Loss Proceeds from such Event of Loss to the rebuilding, repair, replacement or construction of improvements to the property affected Property by such Event of Loss (the “"Subject Property”"), with no concurrent obligation to prepay offer to purchase any Loans if of the Borrower Notes; provided, however, that the Company delivers to the Administrative Agent Trustee within 90 days of such Event of Loss:

Events of Loss. (a) If an Event of Loss occurs with respect to any Collateral with a Fair Market Value (or replacement cost, if greater) in excess of $5.0 million, the Borrower Company or the affected Subsidiary Guarantor, as the case may be, may apply any Net Loss Proceeds from such Event of Loss to the rebuilding, repair, replacement or construction of improvements to the affected Property (the “Subject Property”), with no concurrent obligation to prepay make any Loans purchase of any Notes if the Borrower Company delivers to the Administrative Agent Trustee within 90 days of such Event of Loss: