Title Insurance Proceeds. All proceeds received by and payable to the Mortgagee for any loss under the loan policy or policies of title insurance delivered to the Mortgagee pursuant to Section 1.3.1, or under any policy or policies of title insurance delivered to the Mortgagee in substitution therefor or replacement thereof, shall be the property of the Mortgagee and shall be applied by the Mortgagee in accordance with the provisions of Section 2.3.
Appears in 2 contracts
Samples: Sterling Chemical Inc, Sterling Chemical Inc
Title Insurance Proceeds. All proceeds received by and payable to the Mortgagee for any loss under the loan policy or policies of title insurance delivered to the Mortgagee pursuant to Section 1.3.1, or under any policy or policies of title insurance delivered to the Mortgagee in substitution therefor or replacement thereof, shall be the property of the Mortgagee and shall be applied by the Mortgagee in accordance with the provisions of Section 2.32.1.
Appears in 1 contract
Title Insurance Proceeds. All proceeds received by and ------------------------ payable to the Mortgagee for any loss under the loan policy or policies of title insurance delivered to the Mortgagee pursuant to Section 1.3.1, or under any ------------- policy or policies of title insurance delivered to the Mortgagee in substitution therefor or replacement thereof, shall be the property of the Mortgagee and shall be applied by the Mortgagee in accordance with the provisions of Section ------- 2.3.. ---
Appears in 1 contract
Samples: Jorgensen Earle M Co /De/
Title Insurance Proceeds. All proceeds received by and ------------------------ payable to the Mortgagee for any loss under the loan policy or policies of title insurance delivered to the Mortgagee pursuant to referenced in Section 1.3.1, or under any policy or policies of title ------------- insurance delivered to the Mortgagee in substitution therefor or replacement thereof, shall be the property of the Mortgagee and shall be applied by the Mortgagee in accordance with the provisions of Section 2.3.. -----------
Appears in 1 contract
Samples: Credit Agreement (Aristotle Corp)