Insurance and Condemnation Proceeds Account definition

Insurance and Condemnation Proceeds Account means the account within the Project Fund created pursuant to Section 4.1(a) hereof.
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Insurance and Condemnation Proceeds Account means the account of that name established within the Project Fund pursuant to Section 5.01 of this Indenture.
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Insurance and Condemnation Proceeds Account means the special account designated by that name established by the Security Agent pursuant to Section 2.2.
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Examples of Insurance and Condemnation Proceeds Account in a sentence

  • All Condemnation Awards and Insurance Proceeds shall be deposited in the Insurance and Condemnation Proceeds Account of the Project Fund.

  • The Trustee shall make all disbursements from the Insurance and Condemnation Proceeds Account only upon the receipt by the Trustee of the written request of the Borrower accompanied by the written approval of the Servicer and in accordance with the provisions of Section 5.04 hereof.

  • Earnings on investments held in the Capitalized Interest Account, the Loan Account, the Equity Account and the Insurance and Condemnation Proceeds Account shall be retained in the Capitalized Interest Account, the Loan Account, the Equity Account and the Insurance and Condemnation Proceeds Account, respectively, for application pursuant to Sections 5.02, 5.03 and 5.04 hereof.

  • The Secured Party shall deposit all such payments received from any such Grantor or directly from any insurer or condemning authority in a separate deposit account (the "Insurance and Condemnation Proceeds Account").

  • Until the Security Discharge Date, the Borrower shall cause all Insurance Proceeds and all Condemnation Proceeds with respect to any Aberdeen Plant to be deposited in or credited to the Aberdeen Insurance and Condemnation Proceeds Account, and with respect to the Huron Plant to be deposited in or credited to the Huron Insurance and Condemnation Proceeds Account.


More Definitions of Insurance and Condemnation Proceeds Account

Insurance and Condemnation Proceeds Account means the Account by that name created within the Project Fund pursuant to Section 5.02.
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Insurance and Condemnation Proceeds Account has the meaning set forth in Section 5.06(b).
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Insurance and Condemnation Proceeds Account means the Account by that name created pursuant to Section 8(a)(xii).
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Insurance and Condemnation Proceeds Account has the meaning provided in Section 8.01(h) (Establishment of Project Accounts).
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Insurance and Condemnation Proceeds Account means the account of that name created pursuant to Section 4.2 of this Funding Loan Agreement.
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Insurance and Condemnation Proceeds Account means the account by that name created by Section 3. 02.
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Insurance and Condemnation Proceeds Account the Insurance and Condemnation Proceeds Account established pursuant to the Security Deposit Agreement.
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