Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof shall be applied as follows: (i) the Net Proceeds of the insurance required by Section 6.4(a) and (e) hereof shall be applied as provided in Section 7.l hereof, and (ii) the Net Proceeds of the insurance required by Section 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 20 contracts
Sources: Lease and Project Agreement, Lease and Project Agreement, Amended and Restated Lease and Project Agreement
Application of Net Proceeds of Insurance. The Net Proceeds net proceeds of the insurance carried pursuant to the provisions of Section 6.4 3.4 hereof shall be applied as follows:
(i) the Net Proceeds net proceeds of the insurance required by Section 6.4(a) and (e3.4(a) hereof shall be applied as provided in Section 7.l 4.1 hereof, and and
(ii) the Net Proceeds net proceeds of the insurance required by Section 6.4(b), (c3.4(b) and (dc) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 4 contracts
Sources: Leaseback Agreement, Leaseback Agreement, Leaseback Agreement
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof shall be applied as follows:
: (i) the Net Proceeds of the insurance required by Section 6.4(a) and (e) hereof shall be applied as provided in Section 7.l hereof, and (ii) the Net Proceeds of the insurance required by Section 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 4 contracts
Sources: Lease and Project Agreement (Chembio Diagnostics, Inc.), Lease and Project Agreement (CVD Equipment Corp), Lease and Project Agreement (Akoustis Technologies, Inc.)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof shall be applied as follows:
(i) the Net Proceeds of the casualty insurance required by Section 6.4(a) and (e) hereof shall be applied as provided in Section 7.l hereof7.1, and (ii) the Net Proceeds of the public liability insurance required by Section 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 4 contracts
Sources: Lease Agreement (Meadwestvaco Corp), Lease Agreement (Mead Corp), Lease Agreement (Mead Corp)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 6.5 hereof shall be applied as follows:
(ia) the The Net Proceeds of the insurance required by Section 6.4(a) and (ecarried pursuant to Sections 6.5(a)(i) hereof shall be applied as provided in Section 7.l 7.1 hereof, and ; and
(iib) the The Net Proceeds of the insurance required by Section 6.4(b), (ccarried pursuant to Sections 6.5(a)(ii) and (d6.5(a)(iii) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 3 contracts
Sources: Facility Lease Agreement (Startek Inc), Facility Lease Agreement (Desa Holdings Corp), Equipment Lease Agreement (Startek Inc)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of required in Section 6.4 7.4 hereof shall be applied as follows:
: (i) the Net Proceeds of the insurance required by Section 6.4(a) in Sections 7.4 (a), (d), and (e) hereof shall be applied as provided in Section 7.l 8.2 hereof, and (ii) the Net Proceeds of the insurance required by Section 6.4(b), (cin Sections 7.4(b) and (dc) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 2 contracts
Sources: Loan Agreement (American Railcar Industries, Inc./De), Loan Agreement (American Railcar Industries, Inc./De)
Application of Net Proceeds of Insurance. The Net ---------------------------------------- Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof 6.13 shall be applied as follows:
(i) the Net Proceeds of the property and casualty insurance required by Section 6.4(a) and (e) hereof shall be applied as provided in Section 7.l hereof7.1, and (ii) the Net Proceeds of the liability insurance required by Section 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 2 contracts
Sources: Lease Agreement (Mead Corp), Lease Agreement (Meadwestvaco Corp)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 6.3 hereof shall be applied as follows:
: (iA) the Net Proceeds of the insurance required by Section 6.4(a) and (e6.3(A) hereof shall be applied as provided in Section 7.l 7.1 hereof, and (iiB) the Net Proceeds of the insurance required by Section 6.4(b), (c6.3(B) and (d6.3(C) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 2 contracts
Sources: Lease Agreement, Lease Agreement
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 5.3 hereof shall be applied as follows:
(i) the Net Proceeds of the insurance required by Section 6.4(a) paid and (e) hereof shall be applied as provided in Section 7.l 6.1 hereof, and (ii) the Net Proceeds of the insurance required by Section 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 2 contracts
Sources: Loan Agreement (Impac Group Inc /De/), Loan Agreement (Elco Industries Inc)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 6.3 hereof shall be applied as follows:
(i) the Net Proceeds of the insurance required by Section 6.4(a) and (e6.3(a) hereof shall be applied as provided in Section 7.l hereof, 7.1 hereof and (ii) the Net Proceeds of the insurance required by Section 6.4(b), (c) and (d6.3(b) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 2 contracts
Sources: Loan Agreement (Fogelman Mortgage L P I), Loan Agreement (Fogelman Mortgage L P I)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof shall be applied as follows:
(i) : the Net Proceeds of the insurance required by Section 6.4(a) and (e) hereof shall be applied as provided in Section 7.l hereof, and (ii) the Net Proceeds of the insurance required by Section 6.4(b), (c) and (d) hereof 6.4 shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Lease Agreement (Pietrafesa Corp)
Application of Net Proceeds of Insurance. The Net Proceeds net proceeds of the insurance carried pursuant to the provisions of Section 6.4 3.4 hereof shall be applied as follows:
(ia) the Net Proceeds net proceeds of the insurance required by Section 6.4(a) and (e3.4(a) hereof shall be applied as provided in Section 7.l 4.1 hereof, and and
(iib) the Net Proceeds net proceeds of the insurance required by Section 6.4(b), 3.4(b) and (c) and (d) hereof shall shal1 be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Leaseback Agreement
Application of Net Proceeds of Insurance. The Subject to the provisions of Section 6.5(a) hereof, the Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof shall be applied as follows:
(i) the Net Proceeds of the insurance required by Section Sections 6.4(a) and (e) hereof shall be applied as provided in Section 7.l 7.1 hereof, and (ii) the Net Proceeds of the insurance required by Section Sections 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof 6.13 shall be applied as follows:
(i) the Net Proceeds of the property and casualty insurance required by Section 6.4(a) and (e) hereof shall be applied as provided in Section 7.l hereof7.1, and (ii) the Net Proceeds of the liability insurance required by Section 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Lease Agreement (Meadwestvaco Corp)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of required in Section 6.4 hereof shall be applied as follows:
: (i) the Net Proceeds of the insurance required by Section 6.4(ain Sections 6.4 (b) and (ec) hereof shall be applied as provided in Section 7.l hereof7.2, and (ii) the Net Proceeds of the insurance required by in Section 6.4(b), (c6.4(a) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof this Lease shall be applied as follows:
(i) the Net Proceeds of the insurance required by in Section 6.4(a) and (e) 5.5 hereof shall be applied as provided in Section 7.l 6.1 hereof, and (iiH) the Net Proceeds of the insurance required by in Section 6.4(b), (c) and (d) 5.8 hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds 'may be paid.
Appears in 1 contract
Sources: Lease (Luiginos Inc)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof shall be applied as follows:
: (i) the Net Proceeds of the insurance required by Section 6.4(a) and (e) hereof shall be applied as provided in Section 7.l 7.1 hereof, and (ii) the Net Proceeds of the insurance required by Section 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Application of Net Proceeds of Insurance. The Net Proceeds net proceeds of the insurance carried pursuant to the provisions ptovisions of Section 6.4 3.4 hereof shall be applied as follows:
(ia) the Net Proceeds net proceeds of the insurance required by Section 6.4(a) and (e3.4(a) hereof shall be applied as provided in Section 7.l 4.1 hereof, and and
(iib) the Net Proceeds net proceeds of the insurance required by Section 6.4(b), (c3.4(b) and (dc) hereof shall be applied toward extinguishment extinguislunent or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Leaseback Agreement
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof this Lease shall be applied as follows:
(i) the Net Proceeds of the insurance required by in Section 6.4(a) and (e) 5.5 hereof determined in accordance with Section 11.2 hereof shall be applied as provided in Section 7.l 6.1 hereof, and (ii) the Net Proceeds of the insurance required by in Section 6.4(b), (c) and (d) 5.8 hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Lease (Venture Service Co)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof shall be applied as follows:
(i) the : Net Proceeds of the insurance required by in Section 6.4(a) and (e) 6.4 hereof or pursuant to any blanket policy carried as an alternative to the insurance required to be carried pursuant to Section 6.4 hereof shall be applied applied, at the sole discretion of the Lessee, as provided in Section 7.l hereof, and (ii) the Net Proceeds of the insurance required by Section 6.4(b), (c) and (d) 7.1 hereof shall be applied or toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof shall be applied as follows:
(i) the Net Proceeds of the insurance required by Section 6.4(a) and (e) hereof shall be applied as provided in Section 7.l hereof, and (ii) the Net Proceeds of the insurance required by Section Sections 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Lease and Project Agreement
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 4.08 hereof shall be applied as follows:
: (i) the Net Proceeds of the insurance required by Section 6.4(aSections 4.08(a) and (e4.08(f) hereof shall be applied as provided in Section 7.l 4.13 hereof, and (ii) the Net Proceeds of the insurance required by Section 6.4(bSections 4.08(b), (c), (d) and (de) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof shall be applied as follows:
(i) the Net Proceeds of the insurance required by Section 6.4(aSections 6.4(e) and (e) hereof shall be applied as provided in Section 7.l 7.1 hereof, and (ii) the Net Proceeds of the insurance required by Section Sections 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Lease Agreement (CVD Equipment Corp)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof shall be applied as follows:
(i) the Net Proceeds of the insurance required by Section 6.4(a) and (e) hereof shall be applied as provided in Section 7.l hereof, and (ii) the Net Proceeds of the insurance required by Section 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.by
Appears in 1 contract
Sources: Lease and Project Agreement
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 4.14 hereof shall be applied as follows:
: (i) the Net Proceeds of the insurance required by Section 6.4(aSections 4.14(a) and (e4.14(d) hereof shall be applied as provided in Section 7.l 4.19 hereof, and (ii) the Net Proceeds of the insurance required by Section 6.4(bSections 4.14(b), (c4.10(c) and (d4.10(d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Application of Net Proceeds of Insurance. The Net Proceeds of the any insurance carried pursuant to the provisions of Section 6.4 5.4 hereof shall be applied as follows:
(i) the Net Proceeds of the insurance required by Section 6.4(a) and (e) hereof insurance, other than liability or worker's compensation insurance, shall be applied as provided in Section 7.l hereof, 6.1 hereof and (ii) the Net Proceeds of the liability or worker's compensation insurance required by Section 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof this Loan Agreement shall be applied as follows:
: (i) the Net Proceeds of the insurance required by in Section 6.4(a) and (e) 5.5 hereof shall be applied as provided in Section 7.l 6.1 hereof, and (ii) the Net Proceeds of the insurance required by in Section 6.4(b), (c) and (d) 5.8 hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Loan Agreement (Hall of Fame Resort & Entertainment Co)
Application of Net Proceeds of Insurance. The Net Proceeds ---------------------------------------- of the insurance carried pursuant to the provisions of Section 6.4 hereof 6.13 shall be applied as follows:
(i) the Net Proceeds of the property and casualty insurance required by Section 6.4(a) and (e) hereof shall be applied as provided in Section 7.l hereof7.1, and (ii) the Net Proceeds of the liability insurance required by Section 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Lease Agreement (Mead Corp)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof shall be applied as follows:
(i) the Net Proceeds of the insurance required by Section 6.4(a) and (e6.3(b)(i) hereof shall be applied as provided in Section 7.l 7.1(b) hereof, and (ii) the . The Net Proceeds of the insurance required by carried pursuant to Section 6.4(b), 6.3(b)(ii) hereof shall be applied as provided in Section 7.1(b) hereof. The Net Proceeds of insurance carried pursuant to subsections (ciii) and (div) of Section 6.3(b) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be have been paid.
Appears in 1 contract
Sources: Loan Agreement
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof this Loan Agreement shall be applied as follows:
: (i) the Net Proceeds of the insurance required by in Section 6.4(a) and (e) 5.4 hereof shall be applied as provided in Section 7.l 6.1 hereof, and (ii) the Net Proceeds of the insurance required by in Section 6.4(b), (c) and (d) 5.7 hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Loan Agreement (Air Transport Services Group, Inc.)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof shall be applied as follows:
(i) the Net Proceeds of the insurance required by Section 6.4(a) and (e) hereof shall be applied as provided in Section 7.l hereof, and (ii) the Net Proceeds of the insurance required by Section 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Lease Agreement (Olsten Corp)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 6.3 hereof shall be applied as follows:
: (ia) the Net Proceeds of the insurance required by Section 6.4(a6.3(a)(i) and (ev) and (b)(i) and (v) hereof shall be applied as provided in Section 7.l 7.1 hereof, ; and (iib) the Net Proceeds of the insurance required by Section 6.4(b), (c6.3(a)(ii) and (dvii) and (b)(ii) and (vii) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Loan Agreement
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of required in Section 6.4 hereof shall be applied as follows:
: (i) the Net Proceeds of the insurance required by Section 6.4(a) in Sections 6.4 (a), (d), and (e) hereof shall be applied as provided in Section 7.l 7.2 hereof, and (ii) the Net Proceeds of the insurance required by Section in Sections 6.4(b), (c) and (dc) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Lease Agreement (American Railcar Industries, Inc.)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance ----------------------------------------- carried pursuant to the provisions of Section 6.4 hereof shall be applied as follows:
(i) the Net Proceeds of the casualty insurance required by Section 6.4(a) and (e) hereof shall be applied as provided in Section 7.l hereof7.1, and (ii) the Net Proceeds of the public liability insurance required by Section 6.4(b), (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Lease Agreement (Mead Corp)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 6.3 hereof shall be applied as follows:
: (ia) the Net Proceeds of the insurance required by Section 6.4(a6.3(a)(i) and (ev) hereof shall be applied as provided in Section 7.l 7.1 hereof, ; and (iib) the Net Proceeds of the insurance required by Section 6.4(b6.3(a)(ii), (ciii), (iv) and (dviii) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Loan Agreement (Roth CH Acquisition I Co. Parent Corp.)
Application of Net Proceeds of Insurance. The Net Proceeds net proceeds of the insurance carried pursuant to the provisions of Section 6.4 3.4 hereof shall be applied as follows:
(i) : the Net Proceeds net proceeds of the insurance required by Section 6.4(a) and (e3.4(a) hereof shall be applied as provided in Section 7.l 4.1 hereof, and (ii) the Net Proceeds net proceeds of the insurance required by Section 6.4(b), (cSections 3.4(b) and (dc) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Application of Net Proceeds of Insurance. The Net Proceeds proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof this Lease shall be applied as follows:
(i) the Net Proceeds of the insurance required by in Section 6.4(a) and (e) 5.5 hereof shall be applied as provided in Section 7.l 6.1 hereof, and (ii) the Net Proceeds of the insurance required by in Section 6.4(b), (c) and (d) 5.8 hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Lease (Luiginos Inc)
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof 6.3 shall be applied applied, as follows:
(ia) the Net Proceeds of the insurance required by in Section 6.4(a6.3(a) and (e) hereof shall be applied as provided in Section 7.l hereof7.1, and (iib) the Net Proceeds of the insurance required by Section 6.4(b), in Sections 6.3(b) and (c) and (d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Lease Agreement (Whitehall Corp)
Application of Net Proceeds of Insurance. The Net Proceeds net proceeds of the insurance carried pursuant to the provisions of Section 6.4 3.4 hereof shall be applied as follows:
(ia) the Net Proceeds net proceeds of the insurance required by Section 6.4(a) and (e3.4(a) hereof shall be applied as provided in Section 7.l 4.1 hereof, and and
(iib) the Net Proceeds net proceeds of the insurance required by Section 6.4(b), (c3.4(b) and (dc) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Leaseback Agreement
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant Subject to the provisions of Section 6.4 hereof shall be applied as follows:
(i) ---------------------------------------- Security Documents, the Net Proceeds of the insurance required by Section 6.4(a) and (e) hereof shall be applied as provided in Section 7.l hereof, and (ii) the Net Proceeds of the insurance required by Section 6.4(b), (c) and (d) 6.4 hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.4 hereof shall be applied as follows:
(i) the Net Proceeds of the insurance required by Section Sections 6.4(a) and (ed) hereof shall be applied as provided in Section 7.l hereof, hereof and (ii) the Net Proceeds of the insurance required by Section Sections 6.4(b), (c) and (dc) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Application of Net Proceeds of Insurance. The Net Proceeds net proceeds of the insurance carried pursuant to the provisions of Section 6.4 3.4 hereof shall be applied as follows:
(ia) the Net Proceeds net proceeds of the insurance required by Section 6.4(a) and (e3.4(a) hereof shall be applied as provided in Section 7.l 4.1 hereof, and and
(iib) the Net Proceeds net proceeds of the insurance required by Section 6.4(b), (c3.4(b) and (dSection 3.4(c) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid.
Appears in 1 contract
Sources: Payment in Lieu of Tax Agreement