Common use of Net Liquidation Proceeds After Debt Service Clause in Contracts

Net Liquidation Proceeds After Debt Service. Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Net Liquidation Proceeds After Debt Service in respect of a Liquidation Event that is a Casualty or Condemnation, and Lender shall be reimbursed for any expenses incurred in connection therewith (including attorneys’ fees and disbursements, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of a Liquidation Event that is a Casualty or Condemnation).

Net Liquidation Proceeds After Debt Service. Borrower shall cooperate with Lender in obtaining for Lender in accordance with the relevant provisions of this Agreement the benefits of any Net Liquidation Proceeds After Debt Service in respect of a Liquidation Event that is a Casualty or CondemnationService, and Lender shall be reimbursed for any reasonable actual out of pocket expenses incurred in connection therewith (including reasonable attorneys’ fees and disbursements, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of a Liquidation Event that is a Casualty or Condemnation).

Net Liquidation Proceeds After Debt Service. Borrower shall cooperate with Lender in obtaining for Lender Lender, in accordance with the relevant provisions of this Agreement, the benefits of any Net Liquidation Proceeds After Debt Service in respect of a Liquidation Event that is a Casualty or CondemnationService, and Lender shall be reimbursed for any reasonable out-of-pocket expenses incurred in connection therewith (including reasonable attorneys’ ' fees and disbursements, disbursements and the payment by Borrower of the reasonable expense of an any appraisal on behalf of obtained by Lender in case of a Liquidation Event that is a Casualty or Condemnation).