Total Taking and Total Destruction. In the event of a Total Destruction or a Total Taking, the Beneficiary shall apply all amounts recovered under any insurance policy referred to in Section 2.1.1 and all awards received by it on account of any such Taking as follows:
Appears in 3 contracts
Samples: Security Agreement and Fixture (Sterling Chemical Inc), Sterling Chemical Inc, Sterling Chemical Inc
Total Taking and Total Destruction. In the event of a Total Destruction or a Total Taking, the Beneficiary Grantee shall apply all amounts recovered under any insurance policy referred to in Section 2.1.1 and all awards received by it on account of any such Taking as follows:
Appears in 2 contracts
Samples: Assignment and Security Agreement (Sterling Chemical Inc), Assignment and Security Agreement (Sterling Chemical Inc)
Total Taking and Total Destruction. In the event of a Total ---------------------------------- Destruction or a Total Taking, the Beneficiary shall apply all amounts recovered under any insurance policy referred to in Section 2.1.1 and all awards received ------------- by it on account of any such Taking as follows:
Appears in 2 contracts
Total Taking and Total Destruction. In the event of a Total Destruction or a Total Taking, the Beneficiary shall apply all amounts recovered under any insurance policy referred to in Section SECTION 2.1.1 and all awards received by it on account of any such Taking as follows:
Appears in 1 contract
Samples: Leiner Health Products Inc
