Loss Recoveries definition

Loss Recoveries means all proceeds of insurance paid or payable to Borrower arising out of any loss, damage or casualty affecting the Property and all awards, damages and payments paid or payable to Borrower arising out of any actual or threatened condemnation or eminent domain proceeding affecting the Property or any portion of the Property.
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Loss Recoveries means the proceeds of any payment made by the NMCI Contract Obligor in connection with a claim made by EDS or EIS for compensation for any damage to or loss of any item or items of Subject Equipment, including as a result of any equitable adjustment made by the NMCI Contract Obligor with respect to the NMCI Contract as a result of any such damage or loss, which equitable adjustment results in a payment by the NMCI Contract Obligor other than by means of an adjustment to the amount of the part of the Contract Payments made monthly by the NMCI Contract Obligor.
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Examples of Loss Recoveries in a sentence

  • If the Servicer receives or collects any Loss Recoveries in respect of a Mortgage Loan for which payment has already been received by or on behalf of the Trustee from a Support Facility Provider, then the Servicer must pay such amount to the relevant Support Facility Provider pursuant to the relevant Support Facility.

  • Where the Trustee is entitled to retain any such Loss Recoveries pursuant to such Support Facility, or receives any Loss Recoveries from the Support Facility Provider, then such amounts will be included in Other Income Amounts.

  • Such calculations shall include, without limitation, determinations of Adjusted Baseline Value, amounts applied toward the Citigroup Deductible, Exchange Value, calculations relating to Foreign Asset status, Foreclosure Loss, Gains, Hedging Proceeds, Loss, Recoveries and Recovery Expenses.

  • If Loss Recoveries shall exceed the amount necessary to complete the repair, restoration or rebuilding of the Improvements, such excess shall be applied on account of the Indebtedness irrespective of whether such Indebtedness is then due and payable.

  • Executive shall be entitled to receive on the date of termination any accrued but unpaid salary and shall be reimbursed for any reimbursable expenses pursuant to Section 5 that have not been reimbursed prior to such termination.

  • Subject to the provisions of Subsection 6.1(e) below, Lender may elect to apply upon the Indebtedness all Loss Recoveries so collected (which, for the avoidance of doubt, said Indebtedness shall include any required Interest Shortfall).

  • Spread footing and mat slab foundation system interconnected with grade beams.

  • Notwithstanding anything contained herein or in any of the other Loan Documents to the contrary, Borrower, Agent and Lenders acknowledge and agree that any Loss Recoveries not used for the repair, restoration, construction, reconstruction or rebuilding of the Improvements and which would be paid to Borrower (and not applied against the Indebtedness) shall be subject to, and first be applied pursuant to, Section 3.3 of the Ground Sublease and Agent and Lenders agree to act in accordance therewith.

  • If Loss Recoveries shall be insufficient to fully pay for all costs necessary to complete the repair, restoration or rebuilding of the Improvements, the difference shall be treated as a Deficiency.

  • Any Loss Recoveries remaining after repayment of the Indebtedness shall be paid by Lender to Borrower.