Insurance Condemnation and Impounds Sample Clauses

Insurance Condemnation and Impounds. 24 Section 3.1 Insurance 24 Section 3.2 Use and Application of Insurance Proceeds 28 Section 3.3 Condemnation Awards 29 Section 3.4 Impounds 30 US_ACTIVE\123288794\V-8
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Insurance Condemnation and Impounds. 23 3.1 Insurance......................................................23 3.2 Use and Application of Insurance Proceeds......................25 3.3 Condemnation...................................................25
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Insurance Condemnation and Impounds. SECTION 5.1
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Insurance Condemnation and Impounds. Section 5.1 Insurance, Condemnation, Impounds. Provisions relating to insurance, condemnation and impounds, including, without limitation, the use of casualty and condemnation proceeds shall be subject to the terms of Article V of the Project Loan Agreement, which is hereby incorporated by reference.
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Insurance Condemnation and Impounds 
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Related to Insurance Condemnation and Impounds

  • Casualty and Condemnation The Borrower (a) will furnish to the Administrative Agent and the Lenders prompt written notice of any casualty or other insured damage to any material portion of the Collateral or the commencement of any action or proceeding for the taking of any material portion of the Collateral or interest therein under power of eminent domain or by condemnation or similar proceeding and (b) will ensure that the Net Proceeds of any such event (whether in the form of insurance proceeds, condemnation awards or otherwise) are collected and applied in accordance with the applicable provisions of this Agreement and the Security Documents.