Loss Proceeds definition

Loss Proceeds means, collectively, all Insurance Proceeds and all Condemnation Proceeds.

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Loss Proceeds means all monies received or to be received under any insurance policy, from any condemning authority, or from any other source, as a result of any Condemnation or Casualty.

Loss Proceeds means Condemnation Proceeds and/or Insurance Proceeds.

Examples of Loss Proceeds in a sentence

• Lender shall be reimbursed for any reasonable expenses incurred in connection therewith (including reasonable attorneys’ fees and disbursements, and, if reasonably necessary to collect such proceeds, the expense of an Appraisal on behalf of Lender) out of such Loss Proceeds or, if insufficient for such purpose, by Borrower.

• The reasonable expenses incurred by ▇▇▇▇▇▇ in the adjustment and collection of Loss Proceeds shall become part of the Indebtedness and shall be reimbursed by Borrower to Lender upon demand therefor.

• If Lender reasonably estimates that the cost to restore will exceed the Threshold Amount, Lender may retain a local construction consultant to inspect such work and review Borrower’s request for payments and Borrower shall, on demand by ▇▇▇▇▇▇, reimburse Lender for the reasonable fees and expenses of such consultant (which fees and expenses shall constitute Indebtedness) and shall be permitted to draw funds from the Loss Proceeds account for the purpose of such reimbursement.

• After the restoration has been substantially completed, the excess, if any, of the Loss Proceeds and all amount remaining in the Loss Proceeds Account shall be remitted to the Excess Cash Flow Reserve Account.

More Definitions of Loss Proceeds

Loss Proceeds means insurance proceeds, condemnation awards or other compensation, awards, damages and other payments or relief (exclusive, in each case, of the proceeds of liability insurance and business interruption insurance and other payments for interruption of operations) with respect to any Event of Loss.

Loss Proceeds means amounts, awards or payments payable to Borrower or Lender in respect of all or any portion of any of the Properties in connection with a Casualty or Condemnation thereof (after the deduction therefrom and payment to Borrower and Lender, respectively, of any and all reasonable expenses incurred by Borrower and Lender in the recovery thereof, including all reasonable attorneys’ fees and disbursements, the fees of insurance experts and adjusters and the costs incurred in any litigation or arbitration with respect to such Casualty or Condemnation).

Loss Proceeds is defined in Section 10.6 of the Lease.

Loss Proceeds means all insurance proceeds or awards with respect to any Loss.

Loss Proceeds means Condemnation Award(s) and/or Property Insurance Proceeds.

Loss Proceeds as defined in the Disbursement Agreement.

Loss Proceeds means all amounts and proceeds (including instruments) from an Event of Loss received by the Loan Parties, including, without limitation, insurance proceeds or other amounts actually received, except proceeds of business interruption insurance.