Requisition Proceeds any and all payments (in any form whatsoever) made or due and payable from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Project by any Government Authority (or any person acting under color of any Government Authority).
Requisition Proceeds means any compensation paid to the Borrower with respect to a Requisition for Hire.
Requisition Proceeds means (a) the amounts that are payable by any Agency as a consequence of the requisition for hire, requisition for title, detention, forfeiture or other compulsory acquisition of the Equipment; and (b) all claims, rights and remedies of the Assignor against the relevant Agency in relation to (a) above;
Examples of Requisition Proceeds in a sentence
For so long as no Event of Default has occurred and is continuing, any Requisition Proceeds for Requisition for Hire in respect of the Vessel shall be paid to the Borrower.
Where an Event of Default has occurred and is continuing, Requisition Proceeds for Requisition for Hire in respect of the Vessel shall be paid to the Security Agent and applied to the Loan in accordance with Clause 32.5 (Partial Payments).
More Definitions of Requisition Proceeds
Requisition Proceeds means any and all amounts (other than Insurance Proceeds) payable by any relevant governmental or other competent authority or by any person acting by authority of the same in respect of any compensation or reimbursement of fees or otherwise payable in consequence of an Expropriation of an asset of any member of the Borrower Group or any member of the EAN Group or of any of AssetCo's right title or interest in and to any member of the EAN Group (after deducting the amount required by any other member of the Borrower Group or other member of the EAN Group to pay as compensation attributable to such event to third parties that are not Affiliates of the Borrower Group or the EAN Group).
Requisition Proceeds means any monies or other compensation receivable by any Obligor from any Government Entity in relation to any Aircraft, in the event of its requisition for title, confiscation, restraint, detention, forfeiture or compulsory acquisition or seizure or requisition for hire by or under the order of any such government or public or local authority.
Requisition Proceeds means in relation to an Aircraft all amounts received from any Government Entity whether de jure or de facto in connection with that Aircraft’s confiscation, restraint, detention, forfeiture, seizure or requisition for hire other than Total Loss Proceeds.
Requisition Proceeds. ’ means any and all amounts payable in consequence of a requisition for title or hire or use of the Aircraft;
Requisition Proceeds means amounts payable by any Agency as a consequence of the Requisition of the Aircraft.
Requisition Proceeds means any and all amounts payable in consequence of a requisition for title or hire or use of the Aircraft;
Requisition Proceeds means, in relation to an Aircraft, any monies and/or other compensation received directly by the Borrower, the relevant Sub-Borrower or the relevant Intermediate Lessee (if any) and/or the Security Trustee in its capacity as mortgagee in respect of the Compulsory Acquisition of such Aircraft;