Excess Insurance Proceeds. Any insurance proceeds remaining after the completion of and payment for any such reconstruction or repairs shall be deposited with GBRA and restricted for use only on Budgeted CRR Costs and Non-Budgeted CRR Costs not to exceed $100,000. Subject to applicable limitations in the policy documents, any excess shall be deposited into the CRR Fund.
Excess Insurance Proceeds. If, after Insurance Proceeds have been applied to the repair or restoration of a Project as provided in Sections 7.5.4, 7.5.5 or 7.5.6, the Banks in consultation with the Independent Consultants determine that such Project will be able to operate at a level enabling Borrower to satisfy its obligations hereunder as well as before the damage or destruction, any excess Insurance Proceeds shall be paid into the Revenue Account. In the event that the Banks in consultation with the Independent Engineer determine otherwise, such excess Insurance Proceeds shall be applied (a) to the prepayment of Loans and Reimbursement Obligations, pro rata, and (b) to the payment of all other Obligations of Borrower.
Excess Insurance Proceeds. 24.7.1. If there are proceeds of insurance in excess of that required to perform the obligations required under this Section 24, upon receipt by Lessor of satisfactory evidence that the work of Building Maintenance, Preservation Maintenance, Initial Lessee Improvements or Alterations and construction required under this Section 24 has been fully completed and paid for in accordance with the terms and conditions of this Lease and that the last day for filing any mechanic’s or materialmen’s liens has passed without the filing of any, or if filed, any such lien has been released, any remaining amount of such proceeds of insurance shall be paid first to Lessee to discharge the outstanding balance of any Leasehold Mortgage, then to Lessee.
24.7.2. In the event Lessee elects the option to terminate this Lease pursuant to Section 24.6 above, if there are proceeds of insurance in excess of that required to perform the obligations required under this Section 24, upon receipt by Lessor of satisfactory evidence that the work required under this Section 24 has been fully completed and paid for in accordance with the terms and conditions of this Lease and that the last day for filing any mechanic’s or materialmen’s liens has passed without the filing of any, or if filed, any such lien has been released, any remaining amount of such proceeds of insurance shall be paid first to Lessee to discharge the outstanding balance of any Leasehold Mortgage, then to Lessor and Lessee in accordance with their interest in the property immediately prior to the time of termination.
Excess Insurance Proceeds. In the event there remain any insurance proceeds in excess of the cost of the restoration of any part of the Property pursuant to Section 9.1 hereof, and/or to raze such part of the Facilities and restore the underlying land pursuant to Section 9.2 hereof, AccessCal shall retain and be entitled to retain such excess insurance proceeds.
Excess Insurance Proceeds. It is understood and agreed that after the work of any such repairs, restoration, or rebuilding by Lessee shall have been completed and paid for, any excess of insur- ance money then remaining on deposit with Lessor shall belong to Lessee and in that event, Lessor shall pay to Lessee the balance of said insurance money upon its written request. The provisions of this paragraph as well as those of paragraphs numbered
Excess Insurance Proceeds. Any excess of money received from insurance remaining with the Depository after the repair or rebuilding of improvements, if there is no default by Tenant in the performance of the Tenant's covenants and agreements hereunder, shall be paid to Tenant; otherwise said moneys shall be paid to Landlord. If this Lease shall be terminated pursuant to Section 15.05, all insurance proceeds shall be paid to by Landlord.
Excess Insurance Proceeds. Landlord shall pay to Tenant promptly after ------------------------- completing repair and restoration of any insured casualty thirty percent (30%) of any amount by which any proceeds received by Landlord with respect to the Land and/or Building from casualty insurance required to be carried by Landlord pursuant to paragraph 1 of this Article XVI exceed the cost of repair and restoration of such casualty.
Excess Insurance Proceeds. If any damage or destruction of the Enterprise is covered by insurance proceeds, any insurance proceeds in excess of the costs of repair, reconstruction or replacement of the Enterprise shall be applied to the prepayment of the 1998 Installment Payments, the 2009A Installment Payments and any other Parity Obligations without preference or priority, and in the event of any insufficiency of such moneys, ratably without any discrimination or preference.
Excess Insurance Proceeds. Any excess of money received from ------------------------- insurance remaining after the repair or rebuilding of Improvements shall be paid to Tenant.
Excess Insurance Proceeds. Any excess of money received from insurance remaining with Sublessor after the repair or rebuilding of improvements shall be paid to Sublessee.
