RECEIPT AND APPLICATION OF PROCEEDS. 7.6.1 Any insured loss under the policies of insurance required by paragraph 7.4 will be adjusted with Owner and made payable to Owner as fiduciary for the insureds, as their interests may appear, subject to the requirements of any applicable mortgage clause and of paragraph 7.6.3.
Appears in 4 contracts
Samples: Agreement (Great Plains Ethanol LLC), Owner and Design Builder (Great Plains Ethanol LLC), Agreement Between Owner and Design Builder (Great Plains Ethanol LLC)
RECEIPT AND APPLICATION OF PROCEEDS. 7.6.1 Any insured loss under the policies of insurance Insurance required by paragraph 7.4 will be adjusted with Owner and made payable to Owner as fiduciary for the insureds, as their interests may appear, subject to the requirements of any applicable mortgage clause and of paragraph 7.6.3.
Appears in 1 contract
Samples: Agreement (Northern Growers LLC)
RECEIPT AND APPLICATION OF PROCEEDS. 7.6.1 Any insured loss under the policies of insurance required by paragraph 7.4 will be adjusted with Owner and made payable to Owner as fiduciary for the insuredsInsureds, as their interests may appear, subject to the requirements of any applicable mortgage clause and of paragraph 7.6.3.
Appears in 1 contract