Eminent Domain Proceeds definition
Examples of Eminent Domain Proceeds in a sentence
If the Issuer or any Subsidiary receives less than $5 million of Loss Proceeds or Eminent Domain Proceeds or has less than $5 million remaining after rebuilding, repairing or restoring a portion of the applicable Plant because of an Event of Loss or Event of Eminent Domain the Issuer will cause such amounts to be deposited into the Revenue Account.
The Issuer shall, and shall cause each of its Subsidiaries to, diligently pursue all rights to distributions or dividends and Loss Event Proceeds, Eminent Domain Proceeds and Title Proceeds upon the occurrence of a Loss Event, an Event of Eminent Domain or a Title Event, as the case may be.
All amounts and proceeds (including instruments) received in respect of any Event of Eminent Domain ("Eminent Domain Proceeds") shall be subject to the same treatment as Insurance Proceeds as provided in Section 7.5.
All amounts held by Borrower and/or Lender in the Accounts or as Insurance Proceeds or Eminent Domain Proceeds shall only be invested in Permitted Investments as directed by and at the expense and risk of Borrower.
If there are Loss Proceeds or Eminent Domain Proceeds (from insurance or otherwise) available as a result of such damage, destruction or loss in the amount of $5.0 million or less, then said Loss Proceeds or Eminent Domain Proceeds shall be available to the Guarantor for application pursuant to Section 3.10 of the Depositary Agreement.