Loss Proceeds definition

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

Loss Proceeds means insurance proceeds, condemnation awards or other similar compensation, awards, damages and payments or relief (exclusive, in each case, of proceeds of business interruption, workers’ compensation, employees’ liability, automobile liability, builders’ all risk liability and general liability insurance) with respect to any Event of Loss.

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.

Examples of Loss Proceeds in a sentence

• Each Borrower Entity shall, in advance, direct the relevant insurers, reinsurers and Governmental Authorities, as applicable, to pay Loss Proceeds directly to the Collateral Agent as loss payee for deposit to the Loss Proceeds Account (and subject to the use of such proceeds by the Borrower in accordance with this Section 7.04).

• If Loss Proceeds are paid to any Borrower Entity, such Loss Proceeds shall be received in trust, for the benefit of the Collateral Agent, shall be segregated from other funds of the Borrower, and shall be forthwith paid over to the Collateral Agent in the same form as received (with any necessary endorsement) for deposit to the Loss Proceeds Account.

• At least [*****] of the Charging Stalls owned by the Borrower are destroyed or become permanently inoperative as a result of one or more Events of Loss and are not fully covered by insurance or other compensation or, if fully covered, are not repaired or restored with Loss Proceeds within any time periods required under Section 7.04 (Event of Loss).

More Definitions of Loss Proceeds

Loss Proceeds means Condemnation Proceeds and/or Insurance Proceeds.

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 proceeds (other than any proceeds of business interruption insurance, advance loss of profit insurance, and proceeds covering liability of the Project Company to third parties) resulting from a Event of Loss.

Loss Proceeds means all insurance proceeds or other amounts received on account of any Event of Loss.

Loss Proceeds as defined in the Disbursement Agreement.

Loss Proceeds means, individually and collectively, Insurance Proceeds and Eminent Domain Proceeds.