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).
Appears in 8 contracts
Samples: Permian Lease Agreement (InfraREIT, Inc.), Crez Lease Agreement (InfraREIT, Inc.), Assets Lease Agreement (InfraREIT, Inc.)
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).
Appears in 2 contracts
Samples: Note Purchase Agreement (InfraREIT, Inc.), Lease Agreement (InfraREIT, Inc.)
