Property Insurance Proceeds. All proceeds from the Property Insurance shall be applied, in the first instance, to satisfy the Operator’s obligation to pay the City or Agreement Administrator under this Agreement (if not otherwise satisfied by the Operator), and shall otherwise be applied to restore the Heliport or compensate the City or Agreement Administrator for its Loss or Damage.
Appears in 5 contracts
Samples: Interim Concession Agreement (Saker Aviation Services, Inc.), Temporary Use Authorization Agreement (Saker Aviation Services, Inc.), Interim Concession Agreement
