Common use of Trust Moneys Clause in Contracts

Trust Moneys. To the extent Trust Moneys consist of insurance proceeds or condemnation or other taking awards, any such moneys which may be used to effect a restoration of the affected Collateral shall be permitted to be withdrawn by the Borrower and paid by the Collateral Agent in accordance with the Intercreditor Agreement.

Appears in 2 contracts

Samples: Term Loan Agreement (Pioneer East Inc), Term Loan Agreement (Pci Carolina Inc)

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Trust Moneys. To the extent Trust Moneys consist of ------------ insurance proceeds or condemnation or other taking awards, any such moneys which may be used to effect a restoration of the affected Collateral shall be permitted to be withdrawn by the Borrower and paid by the Collateral Agent in accordance with the Intercreditor AgreementAdministrative Agent.

Appears in 1 contract

Samples: Term Loan Agreement (Jorgensen Earle M Co /De/)

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Trust Moneys. To the extent Trust Moneys consist of insurance proceeds or condemnation or other taking awards, any such moneys which may be used used, pursuant to the terms of the Common Security and Intercreditor Agreement, to effect a restoration of the affected Collateral shall be permitted to be withdrawn by the Borrower and paid by the Collateral Agent in accordance with the Common Security and Intercreditor Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Pioneer Companies Inc)

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