Business Interruption Proceeds definition
Examples of Business Interruption Proceeds in a sentence
Business Interruption Proceeds received shall be deemed Gross Operating Revenue and, so long as any Bonds are Outstanding, shall be deposited in accordance with the foregoing and distributed in accordance with the Indenture.
After there are no Bonds Outstanding, Corporation shall deposit any Business Interruption Proceeds received by Corporation, and Manager shall deposit any Business Interruption Proceeds received by Manager, into the Lockbox Fund immediately upon receipt.
Notwithstanding the foregoing, so long as some Bonds are Outstanding, the amounts required to be transferred pursuant to Section 8.2.2 of this Agreement shall be reduced to the extent the insurance carrier has directly paid Business Interruption Proceeds to either Manager or Corporation, which reduction shall be allocated in any manner deemed fair and appropriate by Manager, Corporation, and the Trustee.
Maintenance of Insurance; Business Interruption Proceeds 102 6.08.
Notwithstanding the foregoing, so long as some Bonds are Outstanding, the amounts required to be transferred pursuant to Section 8.2.2 of this Agreement shall be reduced to the extent the insurance carrier has directly paid Business Interruption Proceeds to either Manager or Owner, which reduction shall be allocated in the priority specified in Section 8.2.2.
Any payments made to the Trustee under the business interruption coverage of the policy shall be in the Business Interruption Proceeds Fund.
After there are no Bonds Outstanding, Owner shall deposit any Business Interruption Proceeds received by Owner, and Manager shall deposit any proceeds of Business Interruption Insurance received by Manager, into the Lockbox Fund immediately upon receipt.