Common use of Title Insurance Proceeds Clause in Contracts

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

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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

Samples: Credit Agreement (Sabre Industries, 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 ------- 2.3.. ---

Appears in 1 contract

Samples: Jorgensen Earle M Co /De/

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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)

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