Insurance Proceeds and Settlement Payments. If ASSIGNOR and ASSIGNEE adjust the Purchase Price of the Property due to a Casualty Loss or Government Taking, and proceed with Closing, ASSIGNOR will be entitled to retain (i) all insurance proceeds payable to ASSIGNOR with respect to any such Casualty Loss, (ii) all sums paid to ASSIGNOR by third parties by reason of any such Casualty Loss, and (iii) all compensation paid to ASSIGNOR with respect to any such Government Taking.
Insurance Proceeds and Settlement Payments. In each case under subparts (a) and (b) of Section 5.7.2, Seller will be entitled to (a) all insurance proceeds with respect to any such Casualty Loss, (b) all sums paid to Seller or Buyer by third Persons by reason of any such Casualty Loss, and (c) all compensation paid to Seller or Buyer with respect to any such Government Taking.
Insurance Proceeds and Settlement Payments. If the Seller and Buyer agree to an adjustment in the Cash Consideration, Seller will be entitled to retain (i) all insurance proceeds payable to Seller with respect to such Casualty Loss, and (ii) all sums paid to Seller by third parties by reason of the Casualty Loss.
Insurance Proceeds and Settlement Payments. If KMG and W&T adjust the Base Merger Consideration of the Property due to a Casualty Loss or Government Taking, and proceed with Closing, KMG will be entitled to (i) all insurance proceeds payable to KMG with respect to any such Casualty Loss, (ii) all sums paid to KMG or W&T by third parties by reason of any such Casualty Loss, and (iii) all compensation paid to KMG or W&T with respect to any such Government Taking. If KMG and W&T do not adjust the Base Merger Consideration of the Property due to a Casualty Loss or Government Taking and proceed with Closing, KMG will remit to W&T without recourse to KMG (i) all insurance proceeds payable to KMG with respect to any such Casualty Loss, (ii) all sums paid to KMG by third parties by reason of any such Casualty Loss, and (iii) all compensation paid to KMG with respect to any such Government Taking.
Insurance Proceeds and Settlement Payments. If SELLER and BUYER adjust the Purchase Price of the Property due to a Casualty Loss or Government Taking, and proceed with Closing, SELLER will be entitled to retain (or cause COI to pay over to SELLER) (i) all insurance proceeds payable to SELLER or COI with respect to any such Casualty Loss, (ii) all sums paid to SELLER or COI by third parties by reason of any such Casualty Loss, and (iii) all compensation paid to SELLER or COI with respect to any such Government Taking.
Insurance Proceeds and Settlement Payments. If Seller and Buyer adjust the Sale Price of the Interests due to a Casualty Loss or Government Taking, and proceed with Closing, Seller will be entitled to retain (i) all insurance proceeds payable to Seller with respect to any such Casualty Loss, (ii) all sums paid to Seller by third parties by reason of any such Casualty Loss, and (iii) all compensation paid to Seller with respect to any such Government Taking. Seller shall retain all insurance proceeds paid or payable on or after the Effective Date which relate to any Casualty Loss or Government Taking which occurred prior to the Effective Date.
Insurance Proceeds and Settlement Payments. 23 5.6.4 Exclusion of Ordinary Depreciation and Depletion. . . . . 23
