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 the special account designated by that name established by the Security Agent pursuant to Section 2.02.
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Examples of Insurance and Condemnation Proceeds Account in a sentence

  • Proceeds of fire and other casualty insurance payable to or received by the Commission with respect to the Toll Road (whether by way of claims, return of premiums, ex gratia settlements or otherwise), and proceeds of any condemnation awards payable to or received by the Commission with respect to the Toll Road shall be transferred to the Trustee and deposited by the Trustee into the Insurance and Condemnation Proceeds Account.

  • 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.

  • Earnings on investments held in the Loan Account, the Equity Account and the Insurance and Condemnation Proceeds Account shall be retained in 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 Bondowner Representative shall make all disbursements from the Insurance and Condemnation Proceeds Account only upon the receipt by the Bondowner Representative of the written request of the Borrower accompanied by the written approval of the Servicer and in accordance with the provisions of Section 5.02(e) hereof.

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


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 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 of that name established within the Project Fund pursuant to Section 5.01 of this Pledge Agreement.
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Insurance and Condemnation Proceeds Account the special account designated by that name established by the Escrow Agent pursuant to Section 2.02.
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Insurance and Condemnation Proceeds Account means the account by that name created by Section 3. 02.
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