Loss Proceeds Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of depositing any Loss Proceeds (the “Loss Proceeds Account”).
Loss Proceeds Account. (a) Upon the occurrence of a Casualty or Condemnation, Lender will establish and maintain an Eligible Account (which may be a subaccount of the Cash Management Account) for the purpose of depositing any Loss Proceeds (the “Loss Proceeds Account”).
Loss Proceeds Account. (a) Lender will maintain an Eligible Account (which may be a book-entry subaccount) for the purpose of depositing any Loss Proceeds (the “Loss Proceeds Account”).
Loss Proceeds Account. The Borrower and the Security Agent have established with the Securities Intermediary an account entitled the “Stetson Loss Proceeds Account” (account number 0000000) (the “Loss Proceeds Account”). All Loss Proceeds paid or payable to or for the account of the Borrower or any Project Company under any insurance policies maintained by the Borrower or any Project Company or otherwise shall be deposited in the Loss Proceeds Account, except for any such Loss Proceeds that the Security Agent determines the Borrower is entitled to pursuant to the proviso set forth in the definition of Restoration Conditions in the Financing Agreement, which shall be paid to an unrestricted account directed by the Borrower. If the amount of Loss Proceeds received for a single event is $1,500,000 or less and Borrower and the Independent Engineer certify to the satisfaction of the Security Agent, that repair or restoration of the affected portion of the Project is technically and economically feasible prior to the Maturity Date under the Financing Agreement (or, to the extent applicable, such shorter period during which Insurance Proceeds are available under the business interruption insurance maintained by or on behalf of Borrower or any Project Company), and Borrower demonstrates to the Security Agent and the Independent Engineer that a sufficient amount of funds are available to Borrower in the Loss Proceeds Account to make such repairs and restorations, such funds on deposit in the Loss Proceeds Account shall be transferred to the Borrower from time to time to rebuild, repair, restore or replace the affected portion of the Project. If the Borrower elects to satisfy the Restoration Conditions with respect to a single event for Loss Proceeds paid to the Borrower in excess of $1,500,000 and such Restoration Conditions are satisfied, such funds on deposit in the Loss Proceeds Account shall be transferred to the Borrower from time to time to rebuild, repair, restore or replace the affected portion of the Project. If the Borrower elects not to satisfy the Restoration Conditions (or if the Restoration Conditions are not otherwise satisfied) with respect to a single event for Loss Proceeds paid to the Borrower or any Project Company in excess of $1,500,000, such funds on deposit in the Loss Proceeds Account shall be transferred to the Revenue Account to be applied pursuant to Section 6(b).
Loss Proceeds Account. (a) The Net Available Amount of all Loss Proceeds received by the Borrower shall be deposited into the Loss Proceeds Account or, in the case of the proceeds of any business interruption (or similar) insurance, in the Construction Account prior to the Term Conversion Date and the Revenue Account on or after the Term Conversion Date. If any such Loss Proceeds are received by the Borrower (or any Affiliate of Borrower), such Loss Proceeds shall be received in trust for the Collateral Agent, shall be segregated from other funds of the Borrower (or any Affiliate of Borrower), and shall be forthwith paid into the Loss Proceeds Account or, in the case of the proceeds of any business interruption (or similar) insurance, into the Construction Account prior to the Term Conversion Date and the Revenue Account on or after the Term Conversion Date, in the same form as received (with any necessary endorsement). [***] Confidential Treatment Requested
Loss Proceeds Account. All Loss Proceeds shall be deposited in the Collateral Account immediately upon receipt, shall be immediately transferred by the Collateral Agent from the Collateral Account to the Loss Proceeds Account and shall be applied as provided in Section 3.4.3(a)(ii) and Section 6.26 of the Common Agreement.
Loss Proceeds Account. Amounts on deposit in the Loss Proceeds Account shall be transferred by the Depositary Agent from time to time in accordance with a Funding Date Certificate setting forth the amounts to be transferred, the Persons to receive such transferred amounts and that each such transfer is authorized and otherwise in accordance with the applicable Leases and Participation Agreements. Any income from the investment of monies on deposit in the Loss Proceeds Account shall be transferred to the Revenue Account in accordance with Section 3.13 hereof.
Loss Proceeds Account. Borrower shall cause all Casualty Insurance Proceeds or Condemnation Proceeds to be paid directly to an account designated by Agent for such purpose and under the sole dominion and control of Agent for the purposes of receiving and disbursing Loss Proceeds (the "LOSS PROCEEDS ACCOUNT"), on behalf of Lenders. If any Loss Proceeds are received by Borrower, the same shall be received in trust for Lenders, shall be segregated from other funds of Borrower, and shall be paid directly to the Loss Proceeds Account to be applied or disbursed in accordance with this Agreement. Borrower hereby authorizes and directs any affected insurance company to make payment of Loss Proceeds directly to the Loss Proceeds Account and Borrower agrees to execute such additional instruments as any such affected insurance company may request as a condition to making such payment of Loss Proceeds.
Loss Proceeds Account. (a) All Loss Proceeds shall to be deposited directly into the Loss Proceeds Account; provided that any Loss Proceeds deposited into the Loss Proceeds Account that are required to be deposited in the Physical Damage Proceeds Reserve (as defined in the Project Agreement) in accordance with Section 25.5.2 of the Project Agreement shall be promptly transferred to the Physical Damage Proceeds Reserve in accordance with Section 25.5.2.a of the Project Agreement, at the instruction of the Borrower in accordance with a Funds Transfer Certificate pursuant to Section 5.24. For the avoidance of doubt, any Physical Damage Proceeds that are returned to the Borrower by the Enterprises pursuant to Section 25.5.2.c of the Project Agreement (such proceeds, “Returned Loss Proceeds”) shall be deposited directly into the Loss Proceeds Account.
Loss Proceeds Account. (a) In accordance with Section 5.16(a) of the Collateral Agency Agreement, we request that $[ ] be withdrawn from the Loss Proceeds Account and transferred to the Physical Damage Proceeds Reserve (as defined in the Project Agreement) in accordance with Section 25.5.2.a of the Project Agreement as set forth in greater detail in Part F of the attached Schedule I.
