Use of Loss Proceeds Sample Clauses

Use of Loss Proceeds. Landlord assigns to Tenant the right to receive all Loss Proceeds if the event giving rise to such Loss Proceeds has not resulted in the termination of this Lease. If Landlord receives any Loss Proceeds under such circumstances, Landlord shall promptly remit them to Tenant. Until Tenant has completed and paid for Restoration, Tenant shall hold all Loss Proceeds to be used first to Restore and for no other purpose. When Tenant has completed and paid for Restoration, Tenant may retain any remaining Loss Proceeds. Notwithstanding anything in this Lease to the contrary, if Restoration Funds are insufficient to Restore, then Tenant may terminate this Lease on thirty (30) days’ Notice to Landlord and shall deliver all of the Loss Proceeds received by Tenant (or the right to receive same if not yet received by Tenant) to Landlord.
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Use of Loss Proceeds. All Loss Proceeds from Landlord's Property Insurance shall be paid to, and disbursed by, Landlord as Landlord deems fit for purposes of fulfilling Landlord's Restoration obligations in accordance with this Article 17. All Loss Proceeds from Condemnation Award(s) and Xxxxxx's Property Insurance shall be paid to, and disbursed by, Landlord, subject to the terms of this Lease. If a Loss is an Immaterial Loss, then (subject to disbursement of Loss Proceeds to Tenant to Restore) Landlord shall release all such Loss Proceeds to Tenant and/or any Subtenant, as applicable, to be applied first to Tenant's and/or any Subtenant's Restoration, in accordance with this Article 17. If a Loss is not an Immaterial Loss, then Landlord shall retain such Loss Proceeds and pay them over to Tenant from time to time, upon the following terms, for Restoration in accordance with this Article 17. Landlord shall first reimburse Landlord and Tenant from such Loss Proceeds for their actual, necessary, and proper costs and expenses in collecting such Loss Proceeds. Landlord shall release such Loss Proceeds to Tenant from time to time as Tenant's Restoration progresses in accordance with the procedures reasonably required by Landlord. Until Tenant has completed and paid for Tenant's Restoration, Tenant shall hold all Loss Proceeds disbursed to it in trust to be used first to Restore the Premises (exclusive of the Core and Shell, Center FF&E and Center Equipment) and for no other purpose. If any Prohibited Lien is filed against the Premises, Tenant shall not be entitled to receive any further installment of such Loss Proceeds from any Condemnation Award(s) or Tenant's Property Insurance until Tenant has satisfied, bonded, or otherwise discharged such Prohibited Lien when and as this Lease requires. When Tenant has completed and paid for Restoration (exclusive of the Core and Shell, Center FF&E and Center Equipment), Landlord shall release to Tenant, and Tenant may retain any such remaining Loss Proceeds from any Condemnation Award(s)
Sample 1
Use of Loss Proceeds. Sprint PCS is entering into that certain Consent and Agreement, effective October 26, 1999, between Sprint Spectrum L.P., Sprint Communications Company, L.P., WirelessCo, L.P., and CoBank, ACB, as administrative agent (together with any successors thereof in accordance with the Credit Agreement hereinafter described, the "Administrative Agent") (which Consent and Agreement, as amended and modified from time to time, is referred to as the "Consent and Agreement") to enable U.S. Unwired, Inc., the parent company of Manager, to obtain loans from the Lenders (as defined agrees that notwithstanding the permitted uses of the proceeds from the loans made to U.S. Unwired, Inc. to which the Consent and Agreement relates or form any other loan or extension of credit to which the Consent and Agreement relates, Manager will not use the proceeds from any such loan or extension of credit for
Sample 1

Related to Use of Loss Proceeds

  • Use of Insurance Proceeds The Contractor shall immediately use any payment received from insurance coverages to remediate civil or environmental damages, and to repair or replace any damaged or destroyed Materials. If an insurance company withholds payment on a claim, the Contractor shall assume the Costs of repair or replacement.

  • Use of Loan Proceeds The Borrower shall use the credit extended under this Agreement solely for the purposes set forth in, or otherwise permitted by, Section 6.4 hereof.

  • Gross Proceeds The aggregate purchase price of all Shares sold for the account of the Company through all Offerings, without deduction for Sales Commissions, volume discounts, any marketing support and due diligence expense reimbursement or Organization and Offering Expenses. For the purpose of computing Gross Proceeds, the purchase price of any Share for which reduced Sales Commissions are paid to the Dealer Manager or a Soliciting Dealer (where net proceeds to the Company are not reduced) shall be deemed to be the full amount of the offering price per Share pursuant to the Prospectus for such Offering without reduction.

  • Proceeds The Company shall use the proceeds from the issuance and sale of the Securities as set forth in “Use of Proceeds to issuer” in the Offering Circular.

  • Application of Net Proceeds The Company shall apply the net proceeds from the Offering received by it in a manner consistent with the application thereof described under the caption “Use of Proceeds” in the Registration Statement, the Pricing Disclosure Package and the Prospectus.

  • Application of Collateral Proceeds The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party at the time of, or received by Secured Party after, the occurrence of an Event of Default) shall be paid to and applied as follows:

  • Use of Proceeds; Margin Securities Neither the Borrower nor any Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulations T, U, or X of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock.

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