Title Insurance Proceeds. All proceeds received by and payable to the Beneficiary for any loss under the loan policy or policies of title insurance delivered to the Beneficiary pursuant to Section 1.3.1, or under any policy or policies of title insurance delivered to the Beneficiary in substitution therefor or replacement thereof, shall be the property of the Beneficiary and shall be applied by the Beneficiary in accordance with the provisions of Section 2.3.
Appears in 3 contracts
Samples: Security Agreement and Fixture (Sterling Chemical Inc), Sterling Chemical Inc, Sterling Chemical Inc
Title Insurance Proceeds. All proceeds received by and payable to the Beneficiary for any loss under the loan policy or policies of title insurance delivered to the Beneficiary pursuant to Section 1.3.1, or under any policy or policies of title insurance delivered to the Beneficiary in substitution therefor or replacement thereof, shall be the property of the Beneficiary and shall shall, except as expressly provided to the contrary in the Credit Agreement, be applied by the Beneficiary in accordance with the provisions of Section 2.3the Credit Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Applied Medical Corp), Credit Agreement (Applied Medical Corp)
Title Insurance Proceeds. All proceeds received by and payable to the Beneficiary for any loss under the loan policy or policies of title insurance delivered to the Beneficiary pursuant to Section 1.3.1, or under any policy or policies of title insurance delivered to the Beneficiary in substitution therefor or replacement thereof, shall be the property of the Beneficiary and shall be applied by the Beneficiary in accordance with the provisions of Section 2.33.11.
Appears in 1 contract
Title Insurance Proceeds. All proceeds received by and ------------------------ payable to the Beneficiary for any loss under the loan policy or policies of title insurance delivered to the Beneficiary pursuant to referenced in Section 1.3.1, or under any policy or policies of ------------- title insurance delivered to the Beneficiary in substitution therefor or replacement thereof, shall be the property of the Beneficiary and shall be applied by the Beneficiary in accordance with the provisions of Section 2.3.. -----------
Appears in 1 contract
Samples: Aristotle Corp
Title Insurance Proceeds. All proceeds received by ------------------------ and payable to the Beneficiary for any loss under the loan policy or policies of title insurance delivered to the Beneficiary pursuant to referenced in Section 1.3.1, or under any policy or policies of ------------- title insurance delivered to the Beneficiary in substitution therefor or replacement thereof, shall be the property of the Beneficiary and shall be applied by the Beneficiary in accordance with the provisions of Section 2.3.. -----------
Appears in 1 contract
Samples: Credit Agreement (Aristotle Corp)
