Exchange Proceeds. If, between the date hereof and the Closing, the Company or any of its Subsidiaries receives any proceeds in consideration for the exchange of any of its assets, whether from the sale of any such assets, from insurance proceeds payable on account of any loss or casualty to such assets, any proceeds from the taking of such assets pursuant to the power of eminent domain, or any other proceeds from whatever source relating to the disposition of such assets (the "Exchange Proceeds"), the Company and/or its Subsidiaries shall, and each of the Stockholders shall cause the Company and/or such Subsidiary to, promptly notify the Purchaser of such receipt of such Exchange Proceeds and shall consult with the Purchaser with respect to the application of any such Exchange Proceeds.
Exchange Proceeds. In the event there are funds being held by QI from the sale of Relinquished Property, those funds, less fees and costs as provided in the Exchange Agreement (the “Exchange Proceeds”) will be supplied by QI except to the extent Exchangor elects to cause funds to be supplied by loans described below in Sections 1.3.1.2 and 1.3.1.3.
Exchange Proceeds. If, between the date hereof and the Closing, HarnCo, Sellers, the Companies or their Subsidiaries and/or any of their Affiliates receives any Exchange Proceeds, one of them shall promptly notify the Investor of the receipt of the Exchange Proceeds. Any Exchange Proceeds received by HarnCo, Sellers, the Companies or their Subsidiaries between October 31, 1997 and the Closing shall either be used to purchase replacement Business Assets or shall be retained by the Companies (as determined based on consultation with Investor).
Exchange Proceeds. If, between the date hereof and the Closing, any Entity or any Seller receives any proceeds in consideration for the exchange of any of its assets (solely, in the case of the Parent as it relates to the Purchased Parent Assets), whether from the sale of any such assets, from insurance proceeds payable on account of any loss or casualty to such assets, any proceeds from the taking of such assets pursuant to the power of eminent domain, or any other proceeds from whatever source relating to the disposition of such assets (the "Exchange Proceeds"), the Sellers shall immediately notify the Purchasers of the receipt of such Exchange Proceeds and shall consult with the Purchasers with respect to the application of any such Exchange Proceeds. The Sellers shall ensure that any Exchange Proceeds received by any Entity shall either be used to purchase replacement assets or shall be retained by the applicable Entity.
Exchange Proceeds. If, between the date hereof and the Closing, any Entity or any Seller receives any proceeds in consideration for the exchange of any of its assets (solely, in the case of the Parent as it relates to the Purchased Parent Assets), whether from the sale of any such assets, from insurance proceeds payable on account of any loss or casualty to such assets, any proceeds from the taking of such assets pursuant to the power of eminent domain, or any other proceeds from whatever source relating to the disposition of such assets (the "EXCHANGE PROCEEDS"), the Sellers shall immediately notify the Purchasers of the receipt of such Exchange Proceeds and shall consult with the Purchasers with respect to the application of any such Exchange Proceeds. The Sellers shall ensure that any Exchange Proceeds received by any Entity shall either be used to purchase replacement assets or shall be retained by the applicable Entity.
Exchange Proceeds. If, between the date hereof and the Closing, any Company receives any proceeds in consideration for the exchange of any of its assets, whether from the sale of any such assets, from insurance proceeds payable on account of any loss or casualty to such assets, any proceeds form the taking of such assets pursuant to the power of eminent domain, or any other proceeds from whatever source relating to the disposition of such assets (the "EXCHANGE PROCEEDS"), ----------------- such Company shall promptly notify the Purchaser of such receipt of such Exchange Proceeds and shall consult with the Purchaser with respect to the application of any such Exchange Proceeds, which shall either be used to purchase replacement assets or real properties or shall be retained by such Company.
Exchange Proceeds. If, between the date hereof and the Closing, CRSI and/or any of the Subsidiaries receives any proceeds in consideration for the exchange of any of its assets or Real Properties (other than the Excluded Assets and Liabilities), whether from the sale of any such assets or Real Properties, from insurance proceeds payable on account of any loss or casualty to such assets or Real Properties, any proceeds from the taking of any such assets or Real Properties pursuant to the power of eminent domain, or any other proceeds from whatever source (the "Exchange Proceeds"), CRSI shall immediately notify Buyer of CRSI's or any Subsidiaries' receipt of such Exchange Proceeds and shall consult with Buyer with respect to the application of such Exchange Proceeds. Any Exchange Proceeds received by CRSI and/or the Subsidiaries shall either be used to purchase replacement assets or Real Properties or be retained by CRSI or such Subsidiary.
Exchange Proceeds. If, between the date hereof and the Closing, any Company receives any proceeds in consideration for the exchange of any of its assets that constitute Purchased Assets, whether from the sale of any such assets, from insurance proceeds payable on account of any loss or casualty to such assets, any proceeds from the taking of such assets pursuant to the power of eminent domain, or any other proceeds from whatever source relating to the disposition of such assets (the "Exchange Proceeds"), the Company shall promptly notify the Purchaser of ----------------- such receipt of Exchange Proceeds and shall consult with the Purchaser with respect to the application of any such Exchange Proceeds.
Exchange Proceeds. If, between the date hereof and the Closing, the Sellers receive any proceeds in consideration for the exchange of any of its assets, whether from the sale of any such assets, from insurance proceeds payable on account of any loss or casualty to such assets, any proceeds from the taking of such assets pursuant to the power of eminent domain, or any other proceeds from whatever source relating to the disposition of such assets (the "EXCHANGE PROCEEDS"), the Sellers shall promptly notify the Purchaser of such receipt of such Exchange Proceeds and shall consult with the Purchaser with respect to the application of any such Exchange Proceeds.
Exchange Proceeds
