Payment of Loss Proceeds. The Collateral Agent, on behalf of the Secured Parties, shall be named as the first loss payee in applicable insurance policies (pursuant to a standard lender’s loss payable endorsement equivalent to a CP 1218).
Payment of Loss Proceeds. All policies of insurance required to be maintained pursuant to Part B and Part C, shall provide that the proceeds of such policies shall be payable solely to the Administrative Agent. •
Payment of Loss Proceeds. All policies of insurance required to be maintained pursuant to Sections (B)(9), (10), (11), (12), (13) and (14), shall provide that the proceeds of such policies shall be payable solely to OPIC and applied as specified in the Financing Documents.
Payment of Loss Proceeds. All policies providing insurance on property mortgaged to TCW shall be endorsed to include TCW Asset Management Company as a Loss Payee, as its interests may appear.
Payment of Loss Proceeds. All policies of insurance required to be maintained pursuant to Sections 3.5(a)(6), (7) and (8), shall provide that the proceeds of such policies shall be payable solely to the Lessor and the Agent.
Payment of Loss Proceeds. All policies of insurance required to be maintained pursuant to Sections (A)(7) and (8), shall provide that the proceeds of such policies shall be payable solely to the Collateral Agent.
Payment of Loss Proceeds. Borrower's
Payment of Loss Proceeds. The insurance policies and any reinsurance policies shall specify that the proceeds of any claims thereunder (other than (i) the proceeds of any such claims which are in respect of amounts claimed by third parties and are paid directly thereto or have already been paid by the Borrower and which may be paid directly to the Revenue Accounts in accordance with clause 6 (Revenue Accounts) of the Accounts Management Agreement or (ii) Revenue Compensation Proceeds) shall be payable into the respective Offshore Insurance Proceeds Account or Onshore Insurance Proceeds Account in accordance with clause 9 (Insurance Proceeds Accounts) of the Accounts Management Agreement.
Payment of Loss Proceeds. All policies of insurance required to be maintained pursuant to Sections (A)(4) and (5), shall provide that the proceeds of such policies shall be payable solely to the Collateral Agent pursuant to a standard first mortgage endorsement substantially equivalent to the Lenders Loss Payable Endorsement 438BFU or ISO endorsement CP12181091 without contribution.
Payment of Loss Proceeds. Any builders all risk, delay in startup, marine cargo, marine cargo delay in startup, machinery breakdown, physical damage or business interruption insurance policies shall include a standard lender’s loss payable endorsement in favor of the Collateral Agent for the benefit of the Secured Parties and shall name the Collateral Agent (for the benefit of the Secured Parties) as sole loss payee for all losses greater than $500,000.
