Common use of Use of Insurance Proceeds Clause in Contracts

Use of Insurance Proceeds. Lender shall make the net insurance proceeds received by it (after reimbursement of Lender's out-of pocket costs of collecting and disbursing the same) available to Borrower to pay the cost of restoration, repair and rebuilding of the Mortgaged Property, subject to the following conditions:

Appears in 4 contracts

Samples: Reuter Manufacturing Inc, Wsi Industries Inc, Reuter Manufacturing Inc

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Use of Insurance Proceeds. Lender shall make the net insurance proceeds received by it (after reimbursement of Lender's ’s out-of pocket costs of collecting and disbursing the same) available to Borrower to pay the cost of restoration, repair and rebuilding of the Mortgaged Property, subject to the following conditions:

Appears in 2 contracts

Samples: And Fixture Financing Statement (Northern Growers LLC), And Fixture Financing Statement (Northern Growers LLC)

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Use of Insurance Proceeds. Lender shall make the net insurance proceeds received by it (after reimbursement of LenderXxxxxx's out-of pocket costs of collecting and disbursing the same) available to Borrower to pay the cost of restoration, repair and rebuilding of the Mortgaged Property, subject to the following conditions:

Appears in 1 contract

Samples: Security Agreement (Whetstone Ethanol LLC)

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