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Insurance Proceeds
Insurance Proceeds contract clause examples

Insurance Proceeds: With respect to each Mortgage Loan, proceeds of insurance policies insuring such Mortgage Loan or the related Mortgaged Property.

Insurance Proceeds. The Mezzanine Loan documents require that all insurance policies procured by the Mortgage Loan Borrower with respect to the property under the related Asset Documents name the mezzanine lender, the related mezzanine Borrower and their respective successors and assigns as the insured or additional insured, as their respective interests may appear.

Insurance Proceeds” has the meaning set forth in the definition of “Net Proceeds”.

Insurance Proceeds” shall mean with respect to each Purchased Loan, proceeds of insurance policies insuring such Purchased Loan or the related Mortgaged Property, as applicable.

Insurance Proceeds” means with respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

Insurance Proceeds” shall mean those monies:

Insurance Proceeds” has the meaning provided in Section 9.2(b) of this Agreement.

Insurance Proceeds. Notwithstanding anything contained herein to the contrary, the amount of any Losses incurred or suffered by the Buyer Indemnitees shall be calculated after giving effect to any insurance proceeds actually received by the Buyer Indemnitees with respect to such Losses (as well any Tax benefits realizable by the Buyer Indemnities) with respect to such Losses, less any related costs and expenses, including the aggregate cost of pursuing any related insurance claims and related increases in insurance premiums or other chargebacks. Buyer Indemnitees shall exercise commercially reasonable efforts to obtain such insurance proceeds. If any insurance proceeds are received by the Buyer Indemnitees with respect to any Losses after the Seller has made a payment to the Buyer Indemnitees with respect thereto, the Buyer Indemnitees shall pay to Seller the sum of the amount of such proceeds up to the amount of the Seller’s payment to the Buyer Indemnitees less any of Buyer Indemnitee’s related costs and expenses of recovering such insurance proceeds, including the aggregate cost of pursuing any related insurance claims and related increases in insurance premiums or other chargebacks (the “Net Insurance Repayment”), provided however, that in the event that the original payment to a Buyer Indemnitee was in the form of Escrow Shares, instead of a cash payment to Seller, Buyer agrees that, so long as the Escrow Shares have not been released from escrow pursuant to the terms of the Escrow Agreement, Buyer shall issue and deliver to the Escrow Agent a number of shares of Common Stock of Buyer equal to the Net Insurance Repayment Amount, with the valuation of such shares being issued equal to the valuation of the Escrow Shares previously obtained by the Buyer Indemnitee (for example, if an original Claim led to the release of 100,000 Escrow Shares valued at $1.00 per share, and the Net Insurance Repayment Amount is $85,000 then Buyer shall issue Seller 85,000 shares of Buyer Common Stock).

Insurance Proceeds. Except in the case of Tenant’s termination of this Master Lease as to the Property of a Facility affected by an event of casualty pursuant to Section 13.1.1 herein, and subject to the applicable requirements of the Facility Mortgage and Facility Mortgagee, all insurance money paid on account of any damage or destruction (other than any rental insurance), less the actual costs, fees and expenses, if any, incurred in connection with the adjustment of the loss and collection thereof (“net insurance proceeds”), shall be deposited in a joint account of Landlord and Tenant in a bank or trust company designated by Landlord (or if required by the Facility Mortgage, in an account solely of Landlord or solely of Facility Mortgagee as designated by Facility Mortgagee), and shall be made available for the payment of the cost of the Restoration Work and shall be paid out from time to time as such Restoration Work progresses upon the written request of Tenant (“Restoration Work Draw Requests”), provided that each such request by Tenant is accompanied by the following:

Insurance Proceeds. All insurance proceeds, damages and claims and the right thereto under any insurance policies relating to any portion of any Collateral, net of all reasonable and customary amounts actually expended to collect the same, including, without limitation, reasonable and customary amounts expended in negotiating, litigating, if appropriate, or investigating the amount of such insurance, proceeds, damages and claims.

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