Common use of Prepayments and Reductions from Net Insurance Clause in Contracts

Prepayments and Reductions from Net Insurance. Condemnation ----------------------------------------------------------- Proceeds. No later than the first Business Day following the date of -------- receipt by Agent or by any Borrower or any of its Subsidiaries of any Net Insurance/ Condemnation Proceeds that are required to be applied to prepay the Loans and/or reduce the Revolving Loan Commitments pursuant to the provisions of subsection 6.4, such Borrowers shall prepay the Loans and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount equal to the amount of such Net Insurance/Condemnation Proceeds.

Prepayments and Reductions from Net Insurance. Condemnation ----------------------------------------------------------- ---------------------------------------------------------- Proceeds. No later than the first Business Day following the date of -------- receipt by Administrative Agent or by any Borrower Company or any of its Subsidiaries of any Net Insurance/ Insurance/Condemnation Proceeds that are required to be applied to prepay the Loans and/or reduce the Revolving Loan Commitments pursuant to the provisions of subsection 6.46.4C, such Borrowers shall prepay the Loans shall be prepaid and/or the Revolving Loan Commitments shall be permanently reduced in an aggregate amount equal to the amount of such Net Insurance/Condemnation Proceeds.