Common use of Release of Insurance Proceeds Clause in Contracts

Release of Insurance Proceeds. Notwithstanding the other provisions of this Agreement and the terms and conditions of the Senior Financing Agreements, the Agent will only permit amounts to be released from the Insurance Account in accordance with Section 6 (Insurance, Damage and Destruction) and Schedule 5 [Insurance Requirements] of the Project Agreement and will not exercise any rights under the Senior Financing Agreements or take any other steps to prevent amounts being released from the Insurance Account in accordance with Section 6 (Insurance, Damage and Destruction) and Schedule 5 [Insurance Requirements] of the Project Agreement.

Release of Insurance Proceeds. Notwithstanding the other provisions of this Agreement and the terms and conditions of the Senior Financing Agreements, the Agent Indenture Trustee will only permit amounts to be released from the Insurance Trust Account in accordance with Section 6 (Insurance, Damage and Destruction) and ), Schedule 5 [Insurance] , and the Insurance Requirements] Trust Agreement, of the Project Agreement and will not exercise any rights under the Senior Financing Agreements or take any other steps to prevent amounts being released from the Insurance Trust Account in accordance with Section 6 (Insurance, Damage and Destruction) and Schedule 5 [Insurance RequirementsInsurance] of the Project Agreement.

Release of Insurance Proceeds. ‌ Notwithstanding the other provisions of this Agreement and the terms and conditions of the Senior Financing Agreements, the Agent Indenture Trustee will only permit amounts to be released from the Insurance Account in accordance with Section 6 (Insurance, Damage and Destruction) and Schedule 5 [Insurance Requirements] of the Project Agreement and will not exercise any rights under the Senior Financing Agreements or take any other steps to prevent amounts being released from the Insurance Account in accordance with Section 6 (Insurance, Damage and Destruction) and Schedule 5 [Insurance Requirements] of the Project Agreement.

Release of Insurance Proceeds. ‌ Notwithstanding the other provisions of this Agreement and the terms and conditions of the Senior Financing Agreements, the Agent will only permit amounts to be released from the Insurance Account in accordance with Section 6 (Insurance, Damage and Destruction) and Schedule 5 [Insurance Requirements] of the Project Agreement and will not exercise any rights under the Senior Financing Agreements or take any other steps to prevent amounts being released from the Insurance Account in accordance with Section 6 (Insurance, Damage and Destruction) and Schedule 5 [Insurance Requirements] of the Project Agreement.

Release of Insurance Proceeds. Notwithstanding the other provisions of this Agreement and the terms and conditions of the Senior Financing Agreements, the Lenders’ Agent will shall only permit amounts to be released from the Insurance Trust Account in accordance with Section 6 (Insurance, Damage and Destruction) as permitted pursuant to the terms of the Insurance Trust Agreement and Schedule 5 17 [Insurance Requirements] of the Project Agreement and will shall not exercise any rights under the Senior Financing Agreements or take any other steps to prevent amounts being released from the Insurance Trust Account in accordance with Section 6 (Insurance, Damage and Destruction) the terms of the Insurance Trust Agreement and Schedule 5 17 [Insurance Requirements] of the Project Agreement.

Release of Insurance Proceeds. Notwithstanding the other provisions of this Agreement and the terms and conditions of the Senior Financing Agreements, the Agent will only permit amounts to be released from the Insurance Account or the Insurance Trust Account in accordance with Section 6 (Insurance, Damage and Destruction) and Schedule 5 [Insurance Requirements] of the Project Agreement and will not exercise any rights under the Senior Financing Agreements or take any other steps to prevent amounts being released from the Insurance Account or the Insurance Trust Account in accordance with Section 6 (Insurance, Damage and Destruction) and Schedule 5 [Insurance Requirements] of the Project Agreement.