Common use of Recovery Event Clause in Contracts

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $10,000,000 in the aggregate and which are not applied to repair, replace or relocate damaged property or to purchase or acquire fixed or capital assets in replacement of the assets lost or destroyed within 270 days (or 360 days, in the case of improvements to real property) of the receipt of such cash proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to one hundred percent (100%) of such cash proceeds (such prepayment to be applied as set forth in clause (vi) below).

Recovery Event. To the extent of cash proceeds are received in connection with a Recovery Event which are in excess of $10,000,000 in the aggregate and which are not applied to repair, replace or relocate damaged property or to purchase or acquire fixed or capital assets in replacement of the assets lost or destroyed within 270 one hundred eighty (180) days (or 360 days, in the case of improvements to real property) of the receipt of such cash proceeds, the Borrower shall prepay the Revolving Loans in an aggregate amount equal to one hundred percent (100%) of such cash proceeds the Net Cash Proceeds not so applied (such prepayment to be applied as set forth in clause (viv) below).

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $10,000,000 in the aggregate and which are not applied to repair, replace or relocate damaged property or to purchase or acquire fixed or capital assets in replacement of the assets lost or destroyed within 270 two hundred seventy (270) days (or 360 three hundred sixty (360) days, in the case of improvements to real property) of the receipt of such cash proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to one hundred percent (100%) of such cash proceeds (such prepayment to be applied as set forth in clause (viiv) below).

Recovery Event. To the extent of cash proceeds received in connection with a Recovery Event which are in excess of $10,000,000 1,000,000 in the aggregate and in any 44 fiscal year which are not applied to toward the repair, replace replacement or relocate damaged property or to purchase or acquire fixed or capital assets in replacement relocation of the assets lost or destroyed property subject to such Recovery Event within 270 180 days (or 360 or, if contractually obligated otherwise, a longer period, but in any event not to exceed 365 days, in the case of improvements to real property) of the receipt of such cash proceeds, immediately following the expiration of such 180 day or longer period, the Borrower shall prepay the Loans and cash collateralize the LOC Obligations in an aggregate amount equal to one hundred percent (100%) of such cash proceeds (such prepayment to be applied as set forth in clause (vi) below).