Common use of Application of Insurance Proceeds If No Termination Clause in Contracts

Application of Insurance Proceeds If No Termination. Unless a party has terminated this Agreement (including pursuant to Section 6.6, 6.7 or 6.9), the Authority and Project Co will cause all: (a) applicable Insurance Proceeds which either has received; (b) applicable Insurance Proceeds which either is entitled to receive; (c) amounts which the Authority has agreed to pay as contemplated in Section 6.3(b); and (d) amounts which the Authority or Project Co has agreed to pay to cover the amount by which the cost to repair, replace or restore the New Facility exceeds the Insurance Proceeds and Insurance Receivables with respect to complete or substantial destruction, to be applied to the reinstatement of the New Facility in accordance with the terms of this Agreement.

Application of Insurance Proceeds If No Termination. Unless a party has terminated this Agreement (including pursuant to Section 6.6, 6.7 6.7, 6.8 or 6.9), the Authority and Project Co will cause all: (a) applicable Insurance Proceeds which either has received; (b) applicable Insurance Proceeds which either is entitled to receive; (c) amounts which the Authority has agreed to pay as contemplated in Section 6.3(b); and (d) amounts which the Authority or Project Co has agreed to pay to cover the amount by which the cost to repair, replace or restore the New Facility exceeds the Insurance Proceeds and Insurance Receivables with respect to complete or substantial destruction, to be applied to the reinstatement of the New Facility in accordance with the terms of this Agreement.

Application of Insurance Proceeds If No Termination. Unless a party has terminated this Agreement (including pursuant to Section 6.6, 6.7 6.7, 6.8 or 6.9), the Authority and Project Co will cause all: (a) applicable Insurance Proceeds which either has received; (b) applicable Insurance Proceeds which either is entitled to receive; (c) amounts which the Authority has agreed to pay as contemplated in Section 6.3(b6.3(a); and (d) amounts which the Authority or Project Co has agreed to pay to cover the amount by which the cost to repair, replace or restore the New Facility exceeds the Insurance Proceeds and Insurance Receivables with respect to complete or substantial destruction, to be applied to the reinstatement of the New Facility in accordance with the terms of this Agreement.

Application of Insurance Proceeds If No Termination. Unless a party has terminated this Agreement (including pursuant to Section 6.6, 6.7 or 6.96.8), the Authority Owner and Project Co will cause all: (a) applicable Insurance Proceeds which either has received; (b) applicable Insurance Proceeds which either is entitled to receive; (c) amounts which the Authority Owner has agreed to pay as contemplated in Section 6.3(b); and (d) amounts which the Authority Owner or Project Co has agreed to pay to cover the amount by which the cost to repair, replace or restore the New Facility exceeds the Insurance Proceeds and Insurance Receivables with respect to complete or substantial destruction, to be applied to the reinstatement of the New Facility in accordance with the terms of this Agreement.

Application of Insurance Proceeds If No Termination. Unless a party has terminated this Agreement (including pursuant to Section 6.6, 6.7 or 6.9), the Authority and Project Co will cause all: (a) applicable Insurance Proceeds which either has received; (b) applicable Insurance Proceeds which either is entitled to receive;; and (c) amounts which the Authority has agreed to pay as contemplated in Section 6.3(b); and (d) amounts which the Authority or Project Co has agreed to pay to cover the amount by which the cost to repair, replace or restore the New Facility exceeds the Insurance Proceeds and Insurance Receivables with respect to complete or substantial destruction, to be applied to the reinstatement of the New Facility in accordance with the terms of this Agreement. For greater certainty, this Section 6.10 does not limit any payment requirements set out in Section 6.15.

Application of Insurance Proceeds If No Termination. Unless a party has terminated this Agreement (including pursuant to Section 6.6, 6.7 6.7, 6.8 or 6.9), the Authority Province and Project Co will cause all: (a) applicable Insurance Proceeds which either has received; (b) applicable Insurance Proceeds which either is entitled to receive; (c) amounts which the Authority Province has agreed to pay as contemplated in Section 6.3(b); and (d) amounts which the Authority Province or Project Co has agreed to pay to cover the amount by which the cost to repair, replace or restore the New Facility exceeds the Insurance Proceeds and Insurance Receivables with respect to complete or substantial destruction, to be applied to the reinstatement of the New Facility in accordance with the terms of this Agreement.

Application of Insurance Proceeds If No Termination. ‌ Unless a party has terminated this Agreement (including pursuant to Section 6.6, 6.7 6.7, 6.8 or 6.9), the Authority and Project Co will cause all: (a) applicable Insurance Proceeds which either has received;received;‌ (b) applicable Insurance Proceeds which either is entitled to receive; (c) amounts which the Authority has agreed to pay as contemplated in Section 6.3(b); and (d) amounts which the Authority or Project Co has agreed to pay to cover the amount by which the cost to repair, replace or restore the New Facility Building or Buildings exceeds the Insurance Proceeds and Insurance Receivables with respect to complete or substantial destruction, to be applied to the reinstatement of the New Facility Building or Buildings in accordance with the terms of this Agreement.

Application of Insurance Proceeds If No Termination. Unless a party has terminated this Agreement (including pursuant to Section 6.6, 6.7 or 6.9)6.8, the Authority and Project Co will cause all: (a) applicable Insurance Proceeds which either has received; (b) applicable Insurance Proceeds which either is entitled to receive; (c) amounts which the Authority has agreed to pay as contemplated in Section 6.3(b); and (d) amounts which the Authority or Project Co has agreed to pay to cover the amount by which the cost to repair, replace or restore the New Facility exceeds the Insurance Proceeds and Insurance Receivables with respect to complete or substantial destruction, to be applied to the reinstatement of the New Facility in accordance with the terms of this Agreement.

Application of Insurance Proceeds If No Termination. Unless a party has terminated this Agreement (including pursuant to Section 6.6, 6.7 6.7, 6.8 or 6.90), the Authority and Project Co will cause all: (a) applicable Insurance Proceeds which either has received; (b) applicable Insurance Proceeds which either is entitled to receive; (c) amounts which the Authority has agreed to pay as contemplated in Section 6.3(b); and (d) amounts which the Authority or Project Co has agreed to pay to cover the amount by which the cost to repair, replace or restore the New Facility exceeds the Insurance Proceeds and Insurance Receivables with respect to complete or substantial destruction, to be applied to the reinstatement of the New Facility in accordance with the terms of this Agreement.

Application of Insurance Proceeds If No Termination. Unless a party has terminated this Agreement (including pursuant to Section 6.6, 6.7 6.7, 6.8 or 6.9), the Authority and Project Co will cause all: (a) applicable Insurance Proceeds which either has received; (b) applicable Insurance Proceeds which either is entitled to receive;; and (c) amounts which the Authority has agreed to pay as contemplated in Section 6.3(b); and (d) amounts which the Authority or Project Co has agreed to pay to cover the amount by which the cost to repair, replace or restore the New Facility exceeds the Insurance Proceeds and Insurance Receivables with respect to complete or substantial destruction, to be applied to the reinstatement of the New Facility in accordance with the terms of this Agreement.