Common use of Application of Certain Proceeds Clause in Contracts

Application of Certain Proceeds. The mortgagee may reserve the right to apply to the mortgage debt all or any part of ▇▇▇▇▇▇’s share of the proceeds from any insurance policies or arising from a condemnation.

Appears in 1 contract

Sources: Telecommunications Marketing Master Agreement

Application of Certain Proceeds. The mortgagee may reserve the right to apply to the mortgage debt all or any part of ▇▇▇▇▇▇Lessee’s share of the proceeds from any insurance policies or arising from a condemnation.

Appears in 1 contract

Sources: Lease Agreement