Insurance and Condemnation Proceeds shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.
Insurance and Condemnation Proceeds. All proceeds paid under any Insurance Policy or in connection with the full or partial condemnation of a Mortgaged Property, in either case, to the extent such proceeds are not applied to the restoration of the related Mortgaged Property or released to the Mortgagor or any tenants or ground lessors, in either case, in accordance with the Servicing Standard (and in the case of any Mortgage Loan with a related Companion Loan, to the extent any portion of such proceeds are received by the Master Servicer or Certificate Administrator in connection with such Mortgage Loan, pursuant to the allocations set forth in the related Intercreditor Agreement) and the REMIC Provisions.
Insurance and Condemnation Proceeds. All proceeds paid under any Insurance Policy or in connection with the full or partial condemnation of a Mortgaged Property, in either case, to the extent such proceeds are not applied to the restoration of the related Mortgaged Property or released to the Mortgagor or any tenants or ground lessors, in either case, in accordance with the Servicing Standards.
Examples of Insurance and Condemnation Proceeds in a sentence
The Series 2023[●] Bonds shall be subject to prepayment, in whole or in part, on any date, in Authorized Denominations, from and to the extent of Insurance and Condemnation Proceeds received with respect to all or a portion of the Property, deposited by the Trustee in the Redemption Account pursuant to Section 5.03 (Application of Insurance and Condemnation Proceeds) of the Indenture.
More Definitions of Insurance and Condemnation Proceeds
Insurance and Condemnation Proceeds. (i) prior to the Securitization Date, shall have the meaning assigned to such term in the Model PSA and (ii) following the Securitization Date, shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or any one or more analogous terms in the Lead Securitization Servicing Agreement.
Insurance and Condemnation Proceeds has the meaning assigned thereto in Section 4.4(b)(iv).
Insurance and Condemnation Proceeds. All proceeds paid under any Insurance Policy or in connection with the full or partial condemnation of a Mortgaged Property, in either case, to the extent such proceeds are not applied to the restoration of the related Mortgaged Property or released to the Mortgagor or any tenants or ground lessors, in either case, in accordance with the Servicing Standards (and in the case of any AB Mortgage Loan, to the extent any portion of such proceeds are received by the Paying Agent in connection with such AB Mortgage Loan, pursuant to the allocations set forth in the related Intercreditor Agreement).
Insurance and Condemnation Proceeds shall have the collective meanings assigned to the terms “Insurance Proceeds” and “Condemnation Proceeds” (or any analogous terms) in the Servicing Agreement or such other analogous term used in the Servicing Agreement.
Insurance and Condemnation Proceeds. All proceeds paid under any Insurance Policy or in connection with the full or partial condemnation of a Mortgaged Property, in either case, to the extent such proceeds are not applied to the restoration of the related Mortgaged Property or released to the Mortgagor or any tenants or ground lessors, in either case, in accordance with the Servicing Standards (and in the case of any Serviced Mortgage Loan or the Non-Serviced Mortgage Loans, to the extent any portion of such proceeds are received by the Paying Agent in connection with such Serviced Mortgage Loan or the Non-Serviced Mortgage Loans, as applicable, pursuant to the allocations set forth in the related Intercreditor Agreement).
Insurance and Condemnation Proceeds has the meaning assigned thereto in Section 2.6(b)(iii).
Insurance and Condemnation Proceeds shall have the meaning assigned to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.