Common use of Deposit of Net Proceeds Clause in Contracts

Deposit of Net Proceeds. The Net Proceeds of any taking of the Leased Property or any portion thereof in eminent domain proceedings, and the Net Proceeds of any policy of insurance maintained under Section 5.4, shall be paid to the District or the Bank to be applied as hereinafter set forth in Section 6.2.

Deposit of Net Proceeds. The Net Proceeds of any taking of the Leased Property or any portion thereof in eminent domain proceedings, and the Net Proceeds of any policy of insurance maintained under Section 5.4, shall be paid to the District City or the Bank Authority to be applied as hereinafter set forth in Section 6.2.