Insurance Proceeds; Condemnation Awards. The District agrees that all condemnation awards and insurance proceeds which otherwise belong to the Tenant may be applied in the manner specified in the Ground Leasehold Mortgage with the highest priority at the time such awards or proceeds are paid, and that no compromises, settlements, or other agreements may be entered into with respect of such awards or proceeds without the prior written consent of the Mortgagee therein.
Appears in 4 contracts
Samples: Ground Lease Agreement (Ameristar Casinos Inc), Ground Lease Agreement (Ameristar Casinos Inc), Ground Lease Agreement (Pinnacle Entertainment Inc)
