Obligations upon Condemnation or Casualty. Borrower shall comply with all obligations required under the 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 Agent, in accordance with the Note Purchase Agreement.
Appears in 2 contracts
Samples: Security Agreement and Fixture Filing (Valcent Products Inc.), Security Agreement and Fixture Filing (Valcent Products Inc.)
Obligations upon Condemnation or Casualty. Borrower shall comply with all obligations required under the Transaction Documents 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 AgentLender, in accordance with the Note Purchase Loan Agreement.
Appears in 2 contracts
Samples: Leases, Security Agreement and Fixture Filing (Behringer Harvard Opportunity REIT I, Inc.), Security Agreement and Fixture Filing (Consolidated Capital Properties Iv)
Obligations upon Condemnation or Casualty. Borrower shall comply with all obligations required under the Transaction Documents respective Loan 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 AgentLender, in accordance with the Note Purchase Agreementrespective Loan Agreements.
Appears in 1 contract
Samples: Security Agreement and Fixture Filing (Tarragon Corp)
