Loss Event. In the event of actual or constructive total loss or destruction of the Engine or damage thereto beyond economic repair after Delivery and during the Lease Term (including any event which results in an insurance settlement on the basis of a total loss or a constructive or compromised constructive loss), or the loss of possession or detention of the Engine for more than thirty (30) days by reason of seizure, requisition (including requisition of title of the Engine by or on authority of any governmental entity or by any creditor of Lessee), theft, disappearance, or otherwise (the “Loss Event”), Lessee will immediately notify Lessor and any Lender thereof. In the event of such a Loss Event, Lessee shall upon the earlier of 90 days after the date of such Loss Event and the date of receipt of the insurance proceeds pay Lessor (or Lender, if any) the Agreed Value, together with all other payments owing hereunder through the date of such payment of the Agreed Value and the Lease will terminate upon payment of all such amounts at which point Lessee shall have no further obligations regarding the Lease Rate and Supplemental Rent. Lessor shall subsequently transfer title to the Engine to Lessee, subject to the rights of affected insurance companies. “
Loss Event. If there shall occur any Destruction or Taking (as defined in the Mortgages) with respect to any Mortgaged Property, the Borrower shall promptly repay the Loans in an amount equal to the net proceeds received by the Borrower or any Subsidiary in respect of such Destruction or Taking required to be applied to the Loans pursuant to the terms of the Mortgages.
Loss Event. If any material Loss Event shall occur with respect to all or any part of either Project, the applicable Obligors shall (i) diligently pursue all of their rights to compensation and remedies against all relevant insurers, reinsurers and governmental authorities, as applicable, in respect of such event, (ii) not, without the written consent of the Collateral Agent, which consent shall not be unreasonably withheld, delayed or conditioned, compromise or settle any claim with respect to any Loss Event involving an amount equal to or greater than $25.0 million per claim and (iii) pay or apply all Loss Proceeds stemming from such event in accordance with the Financing Documents.
Loss Event. Upon the occurrence of any Loss Event with respect to any Borrower Group Member, the Borrower shall prepay the Loans, in an amount equal to the Net Cash Proceeds received by any of the Borrower Group Members in connection with such Loss Event that exceed $250,000 individually or in the aggregate in accordance with the provisions set forth in Section 2.04(c), provided that in the case of a Loss Event in respect of the Project Company, the Borrower shall only be required to prepay the Loans to the extent the Project Company distributes or otherwise pays proceeds received in connection with such Loss Event to the Borrower (or any other Loan Party) and only up to the amount so received.
Loss Event. If any material Loss Event occurs with respect to any Project or any part thereof, the Company or the applicable Project Company will (i) diligently pursue all rights to compensation and remedies against all relevant insurers, reinsurers and governmental authorities, as applicable, in respect of such event, (ii) if the Company has received written notice from the Collateral Agent (at the direction of the Required Secured Parties), not compromise or settle any claim with respect to any Loss Event involving more than $10.0 million per claim and (iii) pay or apply all Loss Proceeds (as defined in the applicable Financing Documents) stemming from such event in accordance with the Financing Documents.
Loss Event. If any material Event of Loss occurs with respect to the Project or any part thereof, the Issuer and the Guarantors will (i) use commercially reasonable efforts to pursue all rights to compensation and all remedies against all relevant insurers, reinsurers and Governmental Authorities, as applicable in respect of such event, (ii) if the Issuer has received written notice from the U.S. Collateral Agent or the Onshore Trustee that its consent will be required in connection with such settlement, not compromise or settle any claim with respect to any Event of Loss involving Loss Proceeds of more than U.S.$10,000,000 per claim until the earlier of (a) the receipt of the consent of the U.S. Collateral Agent or the Onshore Trustee, acting on behalf of Holders of a majority in aggregate principal amount of the Outstanding Notes and (b) the first Business Day following 30 days of good faith negotiations between the Issuer and the U.S. Collateral Agent or the Onshore Trustee, as applicable, acting on behalf of Holders of majority in the aggregate principal amount of the Outstanding Notes, and (iii) pay or apply all Loss Proceeds received from such event in accordance with the Financing Documents.
Loss Event. 19 2.11 Appraisals.....................................................19 2.12
Loss Event. If any Event of Loss occurs with respect to any Collateral Property, the Borrower shall prepay the Loans to the extent required by Section 3 of the applicable Mortgage. If any Event of Loss occurs with respect to an FSA Property, the Borrower shall prepay the Loans in an amount equal to the lesser of (i) the amount (if any) of the proceeds of such Event of Loss that are not applied (A) to prepay the REMIC Loan (or to pay other amounts due to the holder thereof in connection with such prepayment), (B) to restore such FSA Property or (C) to pay costs reasonably incurred in the collection of such proceeds or (ii) the amount, if any, by which the outstanding principal balance of the Loans exceeds the Available Amount as of the date of such Event of Loss.
Loss Event. There shall not be an uncompleted Corrective Plan for a Loss Event.
Loss Event. If any CPE, in whole or in part, is lost, stolen, damaged, or destroyed, or is taken in any condemnation or similar proceeding (an “Loss Event”), Customer will immediately notify Sprint in writing.
