Obligations upon Condemnation or Casualty. Borrower shall comply with all obligations required under the Loan Agreement in the event the Property is damaged by a Casualty or becomes involved in any Condemnation. All proceeds or awards recovered or payable to Borrower as a result of a Casualty or Condemnation shall be paid to, and administered by Lender, in accordance with the Loan Agreement.
Appears in 2 contracts
Samples: Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing (Behringer Harvard Opportunity REIT I, Inc.), Deed of Trust (Consolidated Capital Properties Iv)
Obligations upon Condemnation or Casualty. Borrower shall comply with all obligations required under the Loan Agreement Transaction Documents in the event the Property is damaged by a Casualty or becomes involved in any Condemnation. All proceeds or awards recovered or payable to Borrower as a result of a Casualty or Condemnation shall be paid to, and administered by LenderAgent, in accordance with the Loan Note Purchase Agreement.
Appears in 2 contracts
Samples: Deed of Trust (Valcent Products Inc.), Deed of Trust, Assignment of Rents and Leases, Security Agreement and Fixture Filing (Valcent Products Inc.)
Obligations upon Condemnation or Casualty. Borrower shall comply with all obligations required under the respective Loan Agreement Agreements in the event any of the Property is damaged by a Casualty or becomes involved in any Condemnation. All proceeds or awards recovered or payable to Borrower as a result of a Casualty or Condemnation shall be paid to, and administered by Lender, in accordance with the respective Loan AgreementAgreements.
Appears in 1 contract
Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Tarragon Corp)
