Common use of Misappropriation Clause in Contracts

Misappropriation. The misapplication, misappropriation or conversion by Borrower, Principal or Guarantor of (A) any Insurance Proceeds paid by reason of any loss, damage or destruction to the Property, (B) any Awards received in connection with a Condemnation of all or a portion of the Property, (C) any Rents during an Event of Default, or (D) any Rents paid more than one month in advance (excluding security deposits);