Common use of Insufficiency of Net Proceeds Clause in Contracts

Insufficiency of Net Proceeds. If the Net Proceeds are insufficient to pay in full the cost of any repair, restoration, modification or improvement referred to in Section 8.01, Lessee shall either (a) complete such replacement, repair, restoration, modification or improvement and pay any costs thereof in excess of the amount of the Net Proceeds, or (b) pay or cause to be paid to Lessor the amount of the then applicable Prepayment Price plus all other amounts then owing hereunder, and, upon such payment, the Lease Term shall terminate and Lessor’s security interest in the Equipment shall terminate as provided in Section 6.01 hereof. The amount of the Net Proceeds remaining, if any, after completing such repair, restoration, modification or improvement or after paying such Prepayment Price plus all other amounts then owing hereunder shall be retained by ▇▇▇▇▇▇. If Lessee shall make any payments pursuant to this Section 8.02, Lessee shall not be entitled to any reimbursement therefor from Lessor nor shall Lessee be entitled to any diminution of the amounts payable under Article IV.

Insufficiency of Net Proceeds. If the Net Proceeds are insufficient to pay in full the cost of any repair, restoration, modification or improvement referred to in Section 8.01, Lessee shall either (a) complete such replacement, repair, restoration, modification or improvement and pay any costs thereof in excess of the amount of the Net Proceeds, or (b) pay or cause to be paid to Lessor the amount of the then applicable Prepayment Price plus all other amounts then owing hereunderTermination Value for the Equipment, and, upon such payment, the Lease Term shall terminate and Lessor’s security interest in the Equipment shall terminate as provided in Section 6.01 hereof. The amount of the Net Proceeds remainingProceeds, if any, remaining after completing such repair, restoration, modification or improvement or after paying purchasing such Prepayment Price plus all other amounts then owing hereunder Equipment shall be retained by ▇▇▇▇▇▇Lessee. If Lessee shall make any payments pursuant to this Section 8.02Section, Lessee shall not be entitled to any reimbursement therefor from Lessor nor shall Lessee be entitled to any diminution of the amounts payable under Article IV.

Insufficiency of Net Proceeds. If the Net Proceeds are insufficient to pay in full the cost of any repair, restoration, modification or improvement referred to in Section 8.01, Lessee shall either (a) complete such replacement, repair, restoration, modification or improvement and pay any costs thereof in excess of the amount of the Net Proceeds, or (b) pay or cause to be paid to Lessor the amount of the then applicable Prepayment Price Casualty Value under the related Lease plus all other amounts then owing hereunderthereunder, and, upon such payment, the applicable Lease Term shall terminate and Lessor’s security interest in the Equipment shall terminate as provided in Section 6.01 hereof. The amount of the Net Proceeds remaining, if any, after completing such repair, restoration, modification or improvement or after paying such Prepayment Price Casualty Value for such Lease plus all other amounts then owing hereunder thereunder shall be retained by ▇▇▇▇▇▇Lessee. If Lessee shall make any payments pursuant to this Section 8.02, Lessee shall not be entitled to any reimbursement therefor from Lessor nor shall Lessee be entitled to any diminution of the amounts payable under Article IV.

Insufficiency of Net Proceeds. If the Net Proceeds are insufficient to pay in full the cost of any repair, restoration, modification or improvement referred to in Section 8.018.01 hereof, Lessee shall either (a) complete such replacement, repair, restoration, modification or improvement and pay any costs thereof in excess of the amount of the Net Proceeds, or (b) pay or cause to be paid to Lessor the amount of the then applicable Prepayment Price plus all other amounts then owing hereunderTermination Value for the Renewable Energy Equipment, and, upon such payment, the Lease Term shall terminate and Lessor’s security interest in the Renewable Energy Equipment shall terminate as provided in Section 6.01 hereof. The amount of the Net Proceeds remainingProceeds, if any, remaining after completing such repair, restoration, modification or improvement or after paying the applicable Termination Value for such Prepayment Price plus all other amounts then owing hereunder Renewable Energy Equipment shall be retained by ▇▇▇▇▇▇Lessee. If Lessee shall make any payments pursuant to this Section 8.02Section, Lessee shall not be entitled to any reimbursement therefor from Lessor nor shall Lessee be entitled to any diminution of the amounts payable under Article IV.

Insufficiency of Net Proceeds. If the Net Proceeds are insufficient to pay in full the cost of any replacement, repair, restoration, modification or improvement referred to in Section 8.01, the Lessee shall either (a) complete such replacement, repair, restoration, modification or improvement and pay any costs thereof in excess of the amount of the Net Proceeds, or (b) pay or cause to be paid to the Lessor the amount of the then applicable Prepayment Purchase Price plus all other amounts then owing hereunderfor the Equipment, and, upon such payment, the applicable Lease Term shall terminate and the Lessor’s security 's interest in the Equipment shall terminate as provided in Section 6.01 Article VI hereof. The amount of the Net Proceeds remainingProceeds, if any, remaining after completing such repair, restoration, modification or improvement or after paying purchasing such Prepayment Price plus all Equipment and such other amounts then owing hereunder Equipment shall be retained by ▇▇▇▇▇▇the Lessee. If the Lessee shall make any payments pursuant to this Section 8.02Section, the Lessee shall not be entitled to any reimbursement therefor from the Lessor nor shall the Lessee be entitled to any diminution of the amounts payable under Article IV.

Insufficiency of Net Proceeds. If the Net Proceeds are insufficient to pay in full the cost of any repair, restoration, modification or improvement referred to in Section 8.01, Lessee Borrower shall either (a) complete such replacement, repair, restoration, modification or improvement and pay any costs thereof in excess of the amount of the Net Proceeds, or (b) pay or cause to be paid to Lessor Lender the amount of the then applicable Prepayment Price Amount plus all other amounts then owing hereunder, and, upon such payment, the Lease Loan Term shall terminate and LessorLender’s security interest in the Equipment shall terminate as provided in Section 6.01 hereof. The amount of the Net Proceeds remaining, if any, after completing such repair, restoration, modification modification, or improvement or after paying such Prepayment Price Amount plus all other amounts then owing hereunder shall be retained by ▇▇▇▇▇▇▇▇. If Lessee Borrower shall make any payments pursuant to this Section 8.02, Lessee Borrower shall not be entitled to any reimbursement therefor from Lessor Lender nor shall Lessee Borrower be entitled to any diminution of the amounts payable under Article IV.

Insufficiency of Net Proceeds. If the Net Proceeds are insufficient to pay in full the cost of any repair, restoration, modification or improvement referred to in Section 8.01, Lessee shall either (a) complete such replacement, repair, restoration, modification or improvement and pay any costs thereof in excess of the amount of the Net Proceeds, or (b) pay or cause to be paid to Lessor the amount of the then applicable Prepayment Price plus all other amounts then owing hereunderfor the Equipment, and, upon such payment, the Lease Term shall terminate and Lessor’s security interest in the Equipment shall terminate as provided in Section 6.01 hereof. The amount of the Net Proceeds remainingProceeds, if any, remaining after completing such repair, restoration, modification or improvement or after paying purchasing such Prepayment Price plus all other amounts then owing hereunder Equipment shall be retained by ▇▇▇▇▇▇Lessee. If Lessee shall make any payments pursuant to this Section 8.02Section, Lessee shall not be entitled to any reimbursement therefor from Lessor nor shall Lessee be entitled to any diminution of the amounts payable under Article IV.

Insufficiency of Net Proceeds. If the Net Proceeds are insufficient to pay in full the cost of any repair, restoration, modification or improvement referred to in Section 8.01, Lessee shall either (a) complete such replacement, repair, restoration, modification or improvement and pay any costs thereof in excess of the amount of the Net Proceeds, or (b) pay or cause to be paid to Lessor the amount of the then applicable Prepayment Purchase Price plus all other amounts then owing hereunderfor the Equipment, and, upon such payment, the applicable Lease Term shall terminate and Lessor’s security interest in the Equipment shall terminate as provided in Section 6.01 hereof6.01. The amount of the Net Proceeds remainingProceeds, if any, remaining after completing such repair, restoration, modification or improvement or after paying purchasing such Prepayment Price plus all Equipment and such other amounts then owing hereunder Equipment shall be retained by ▇▇▇▇▇▇Lessee. If Lessee shall make any payments pursuant to this Section 8.02Section, Lessee shall not be entitled to any reimbursement therefor from Lessor nor shall Lessee be entitled to any diminution of the amounts payable under Article IV.

Insufficiency of Net Proceeds. If the Net Proceeds are insufficient to pay in full the cost of any repair, restoration, modification or improvement referred to in Section 8.01, Lessee shall either (a) complete such replacement, repair, restoration, modification or improvement and pay any costs thereof in excess of the amount of the Net Proceeds, or (b) pay or cause to be paid to Lessor the amount of the then applicable Prepayment Purchase Price plus all other amounts then owing hereunderfor the Equipment, and, upon such payment, the applicable Lease Term shall terminate and Lessor’s security interest in the Equipment shall terminate as provided in Section 6.01 hereof. The amount of the Net Proceeds remainingProceeds, if any, remaining after completing such repair, restoration, modification or improvement or after paying purchasing such Prepayment Price plus all Equipment and such other amounts then owing hereunder Equipment shall be retained by ▇▇▇▇▇▇Lessee. If Lessee shall make any payments pursuant to this Section 8.02Section, Lessee shall not be entitled to any reimbursement therefor therefore from Lessor nor shall Lessee be entitled to any diminution of the amounts payable under Article IV.

Insufficiency of Net Proceeds. If the Net Proceeds are insufficient to pay in full the cost of any repair, restoration, modification or improvement referred to in Section 8.01, Lessee shall either (a) complete such replacement, repair, restoration, modification or improvement and pay any costs thereof in excess of the amount of the Net Proceeds, or (b) pay or cause to be paid to Lessor the amount of the then applicable Prepayment Price plus all other amounts then owing hereunderPrice, and, upon such payment, the Lease Term shall terminate and Lessor’s security interest in the Equipment shall terminate as provided in Section 6.01 hereof. The amount of the Net Proceeds remaining, if any, after completing such repair, restoration, modification or improvement or after paying prepaying such Prepayment Price plus all other amounts then owing hereunder shall be retained by ▇▇▇▇▇▇Lessee. If Lessee shall make any payments pursuant to this Section 8.02, Lessee shall not be entitled to any reimbursement therefor from Lessor nor shall Lessee be entitled to any diminution of the amounts payable under Article IV.