Proceeds of Insurance in General. Insurance proceeds payable with respect to a property loss shall be payable to the City to be held for the purpose of paying for the cost of replacing the Equipment paid for or intended to be paid for with the proceeds of the Funding. The City shall have no liability with regard to any proceeds received by it and paid or retained in good faith and in accordance with the provisions of this Agreement. If Funding Recipient believes that the City has not applied the insurance proceeds in accordance with this Agreement, Funding Recipient’s sole remedy shall be to bring an action to have the proceeds applied in accordance with this Agreement.
Proceeds of Insurance in General. Insurance proceeds payable with respect to a property loss shall be payable to DDC to be held for the purpose of paying for the cost of replacing the Vehicles paid for or intended to be paid for, directly or indirectly, with the proceeds of the Funding. DDC shall have no liability with regard to any proceeds received by it and paid or retained in good faith and in accordance with the provisions of this Agreement. If Funding Recipient believes that DDC has not applied the insurance proceeds in accordance with this Agreement, Funding Recipient’s sole remedy shall be to bring an action to have the proceeds applied in accordance with this Agreement.
Proceeds of Insurance in General. Subject to the provisions of any mortgage encumbering Landlord's fee estate, any proceeds received pursuant to the insurance coverages obtained by Landlord at Tenant's expense pursuant to this Article shall be payable to Landlord. If Landlord is obligated pursuant to Article 7 to restore the Premises in the event of a casualty, then as to any such proceeds which are payable with respect to such casualty, Landlord shall apply such proceeds first to the payment in full of the cost of such casualty restoration before using any part of the same for any other purpose.
Proceeds of Insurance in General. The proceeds of any insurance required to be maintained by this Article (other than proceeds of the liability insurance, Workers’ Compensation and Employer’s Liability Insurance) shall be payable in accordance with the Leasehold Mortgage.
Proceeds of Insurance in General. Insurance proceeds shall be payable to Depositary for disbursement to Tenant in accordance with Section 8.5 hereof, except that (i) if the aggregate amount of the proceeds with respect to any single insurance claim is less than $250,000 (which amount shall be adjusted on the first day of each calendar year during the Term to take into account CPI for the immediately preceding calendar year), then (A) such insurance proceeds shall be paid directly to Tenant and (B) in the event such insurance proceeds are not paid directly to Tenant, Depositary or Landlord, as applicable, shall promptly transfer such funds to Tenant, and (ii) the proceeds of rent insurance required to be maintained pursuant to subsection (a)(x) of Section 7.1 are hereby irrevocably assigned to and shall be paid to Landlord (and all such policies of rent insurance shall contain a provision to such effect) and shall be applied by Landlord to the Rental payable by Tenant to Landlord under this Lease. Insurance proceeds payable to the Depositary or the Landlord with respect to a property loss shall be held in trust for the purpose of paying the cost of the Restoration, and such proceeds shall be applied to the payment in full of the cost of such Restoration in accordance with Article 8 hereof.
