Business Interruption Insurance Proceeds definition

Business Interruption Insurance Proceeds means all proceeds of any insurance policies required pursuant to this Agreement or otherwise obtained with respect to any Borrower, any Plant or the Project relating to business interruption or delayed start-up.
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Business Interruption Insurance Proceeds any and all proceeds of any insurance, indemnity, warranty or guaranty payable from time to time with respect to the partial or complete interruption of the operation of the Project.
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Business Interruption Insurance Proceeds has the meaning given in Schedule A of the CSAA.
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Examples of Business Interruption Insurance Proceeds in a sentence

  • Any payments made under the business interruption coverage shall be paid to the Trustee and deposited in the Business Interruption Insurance Proceeds Fund.

  • All amounts paid from the Business Interruption Insurance Proceeds Fund may be made directly from such fund without the necessity of transfers to other funds created under this Indenture.

  • If the Holders of Allowed Term Loan Claim and the Intermediation Provider cannot agree on an amount of the Insurance Recovery Surcharge within thirty (30) days of receipt of the SOA Priority Business Interruption Insurance Proceeds, the Intermediation Provider may file a motion with the Bankruptcy Court seeking a determination as to the amount of the Insurance Recovery Surcharge.

  • The Trustee shall deposit proceeds of any property insurance (other than proceeds of business interruption or delayed-opening insurance, which shall be deposited to the Business Interruption Insurance Proceeds Fund) and the proceeds of any condemnation award or payment in lieu of condemnation, to a separate account in the Project Fund for disbursement by the Trustee as hereinafter provided.

  • If Net Business Interruption Insurance Proceeds exceed the costs of amounts, if any, of debt service and operating expenses then due and the amounts of a debt service reserve and operations reserve approved by Lender and no monetary Potential Default or Event of Default exists under this Deed of Trust, the Note or any other Loan Document, then such excess balance shall be disbursed to Grantor after completion of such repairs or restoration.


More Definitions of Business Interruption Insurance Proceeds

Business Interruption Insurance Proceeds means proceeds of business interruption insurance policies maintained by Parent or Vertex Refining. Any Business Interruption Insurance Proceeds go, first, to satisfy the Carve Out, second, to any Permitted Priority Liens, and third, to any obligations secured by Hedging Liens, DIP Liens and Intermediation Facility Liens on a pari passu basis in accordance with the Business Interruption Insurance Percentage to claims secured by the DIP Liens, Hedging Liens and Intermediation Facility Liens.
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Business Interruption Insurance Proceeds shall have the meaning provided in Section 8.9(a).
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Business Interruption Insurance Proceeds shall have the meaning specified in Section 1.2 of the Depositary Agreement.
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Business Interruption Insurance Proceeds means direct proceeds of business interruption insurance solely to the extent attributable to claims arising as a consequence of events occurring prior to the Closing Date.
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Business Interruption Insurance Proceeds means all proceeds of any insurance policies required by the Permitted Senior Debt Documents or otherwise obtained with respect to
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Business Interruption Insurance Proceeds means any and all proceeds of any Business Interruption Insurance.
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Business Interruption Insurance Proceeds means any and all proceeds of any insurance, indemnity, warranty or guaranty payable from time to time to the Company or any of the Subsidiary Guarantors with respect to the partial or complete interruption of the operation of the business of the Company or such Subsidiary Guarantor.
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