Taking and Destruction. Upon any Taking or Destruction of any Collateral, all Net Insurance Proceeds received by the Issuer or any Restricted Subsidiary shall be deemed Net Proceeds and shall be applied in accordance with Section 4.06.
Appears in 7 contracts
Samples: Indenture (Berry Global Group, Inc.), Indenture (Berry Global Group Inc), Indenture (Berry Global Group Inc)
Taking and Destruction. Upon Following the Discharge of Senior Lender Claims, upon any Taking or Destruction of any Collateral, all Net Insurance Proceeds received by the Issuer or any Restricted Subsidiary shall be deemed Net Proceeds and shall be applied in accordance with Section 4.06.
Appears in 4 contracts
Samples: Indenture (Harrahs Entertainment Inc), Indenture (Gnoc Corp.), Indenture (Harrahs Entertainment Inc)
Taking and Destruction. Upon any Taking or Destruction of any Collateral, all Net Insurance Proceeds received by the Issuer or any a Restricted Subsidiary shall be deemed Net Proceeds and shall be applied in accordance with Section 4.06.
Appears in 2 contracts
Samples: Indenture (Aeroways, LLC), Indenture (Cke Restaurants Inc)
Taking and Destruction. Upon Following the Discharge of Senior Lender Claims, upon any Taking or Destruction of any Collateral, all Net Insurance Proceeds received by the any Issuer or any Restricted Subsidiary shall be deemed Net Proceeds and shall be applied in accordance with Section 4.06.
Appears in 1 contract
Taking and Destruction. Upon any Taking or Destruction of any Collateral, all Net Insurance Proceeds received by the Issuer or any Restricted Subsidiary shall be deemed Net Proceeds and shall be applied in accordance with Section 4.06.. -84-
Appears in 1 contract
Samples: Indenture (Berry Global Group Inc)
Taking and Destruction. Upon Following the Discharge of Senior Lender Claims, upon any Taking or Destruction of any Collateral, all Net Insurance Proceeds received by the Issuer Issuers or any Restricted Subsidiary shall be deemed Net Proceeds and shall be applied in accordance with Section 4.06.
Appears in 1 contract
Samples: Indenture (Quality Distribution Inc)
