Common use of Payments Continue Upon Destruction of Project Clause in Contracts

Payments Continue Upon Destruction of Project. It is understood and agreed that the payments under Section 4.2 hereof and on the Note and other charges payable hereunder shall continue to be payable at the time and in the amounts herein specified, whether or not the Project, or any portion thereof, shall have been condemned or taken by eminent domain or destroyed, wholly or partially, by fire or other casualty, and that there shall be no abatement or diminution of any such payments and other charges by reason thereof.

Appears in 3 contracts

Samples: Loan Agreement (Helen of Troy LTD), Loan Agreement (Boardwalk Pipeline Partners, LP), Loan Agreement (Simpson Manufacturing Co Inc /Ca/)

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Payments Continue Upon Destruction of Project. It is understood and agreed that the payments under Section 4.2 hereof 4.02 and on the Series 2004 Note and other charges payable hereunder shall continue to be payable at the time and in the amounts herein specified, whether or not the Project, or any portion thereof, shall have been condemned or taken by eminent domain or destroyed, wholly or partially, by fire or other casualty, and that there shall be no abatement or diminution of any such payments and other charges by reason thereof.

Appears in 1 contract

Samples: Loan Agreement (Premier Finance Biloxi Corp)

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Payments Continue Upon Destruction of Project. It is understood and agreed that the payments under Section 4.2 hereof and on the Note and other charges payable hereunder shall continue to be payable at the time and in the amounts herein specifiedspecified (except in connection with a prepayment permitted to be made under Section 8.1 hereof), whether or not the Project, or any portion thereof, shall have been condemned or taken by eminent domain or destroyed, wholly or partially, by fire or other casualty, and that there shall be no abatement or diminution of any such payments and other charges by reason thereof.

Appears in 1 contract

Samples: Loan Agreement (Kior Inc)

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