Common use of Payment of Net Proceeds Clause in Contracts

Payment of Net Proceeds. The Net Proceeds of such rental interruption insurance shall be paid to the Trustee and deposited in the Lease Payment Fund, to be credited towards the payment of the Lease Payments in the order in which such Lease Payments come due and payable.

Payment of Net Proceeds. The Net Proceeds of such rental interruption insurance shall be paid to the Trustee and deposited (1) in the Reserve Fund to make up any deficiencies therein or to reimburse draws on a Reserve Facility, and thereafter (2) in the Lease Payment Fund, to be credited towards the payment of the Lease Payments in the order in which such Lease Payments come due and payable.

Payment of Net Proceeds. The Net Proceeds of such rental interruption insurance shall be paid to the Trustee and deposited in the Lease Payment Fund, Bank to be credited towards the payment of the Lease Payments in the order in which such Lease Payments come due and payable.