Common use of Use of Insurance Proceeds Clause in Contracts

Use of Insurance Proceeds. (1) Unless otherwise specified in this Section 6.5, all proceeds of insurance required to be maintained by the Obligors under the terms of this Agreement shall be paid to the Agent to be applied by it on account of the Obligations.

Appears in 3 contracts

Samples: Credit Agreement (CRH Medical Corp), Credit Agreement (CRH Medical Corp), sec.report

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Use of Insurance Proceeds. (1) Unless otherwise specified in this Section 6.57.6, all proceeds of insurance required to be maintained by the Obligors under the terms of this Agreement shall be paid to the Agent to be applied by it on account of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Iamgold Corp)

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Use of Insurance Proceeds. (1a) Unless otherwise specified in this Section 6.5Section, all proceeds of insurance required to be maintained by the Obligors Borrower under the terms of this Agreement shall be paid to the Agent to be applied by it on account of the Obligations.

Appears in 1 contract

Samples: Credit Agreement

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