Common use of Application of Net Proceeds of Insurance Clause in Contracts

Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.3 hereof shall be applied as follows: (i) the Net Proceeds of the insurance required by Section 6.3(a) hereof shall be applied as provided in Section 7.1 hereof and (ii) the Net Proceeds of the insurance required by Section 6.3(b) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. Section 6.6.

Appears in 2 contracts

Samples: Loan Agreement (Fogelman Mortgage L P I), Loan Agreement (Fogelman Mortgage L P I)

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Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of required in Section 6.3 7.4 hereof shall be applied as follows: (i) the Net Proceeds of the insurance required by Section 6.3(ain Sections 7.4 (a), (d), and (e) hereof shall be applied as provided in Section 7.1 hereof 8.2 hereof, and (ii) the Net Proceeds of the insurance required by Section 6.3(bin Sections 7.4(b) and (c) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. Section 6.6.

Appears in 2 contracts

Samples: 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 6.3 6.4 hereof shall be applied as follows: (i) the Net Proceeds of the insurance required by Section 6.3(aSections 6.4(a) hereof shall be applied as provided in Section 7.1 hereof and (ii) the Net Proceeds of the insurance required by Section 6.3(bSections 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. Section 6.6.

Appears in 1 contract

Samples: Lease Agreement (Olsten Corp)

Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.3 hereof this Lease shall be applied as follows: (i) the Net Proceeds of the insurance required by in Section 6.3(a) 5.5 hereof determined in accordance with Section 11.2 hereof shall be applied as provided in Section 7.1 hereof 6.1 hereof, and (ii) the Net Proceeds of the insurance required by in Section 6.3(b) 5.8 hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. Section 6.6.

Appears in 1 contract

Samples: Lease (Venture Service Co)

Application of Net Proceeds of Insurance. The Net Proceeds ---------------------------------------- of the insurance carried pursuant to the provisions of Section 6.3 hereof 6.13 shall be applied as follows: (i) the Net Proceeds of the property and casualty insurance required by Section 6.3(a) hereof shall be applied as provided in Section 7.1 hereof 7.1, and (ii) the Net Proceeds of the liability insurance required by Section 6.3(b) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. Section 6.6.

Appears in 1 contract

Samples: Lease Agreement (Mead Corp)

Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.3 6.4 hereof shall be applied as follows: (i) the Net Proceeds of the insurance required by in Section 6.3(a) 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 7.1 hereof and (ii) the Net Proceeds of the insurance required by Section 6.3(b) hereof shall be applied or toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. Section 6.6.

Appears in 1 contract

Samples: Lease Agreement (Fox Factory Holding Corp)

Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of required in Section 6.3 hereof 6.4 shall be applied as follows: (i) the Net Proceeds of the insurance required by Section 6.3(ain Sections 6.4 (b) hereof and (c) shall be applied as provided in Section 7.1 hereof 7.2, and (ii) the Net Proceeds of the insurance required by in Section 6.3(b6.4(a) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. Section 6.6.

Appears in 1 contract

Samples: Lease (Acxiom Corp)

Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.3 6.4 hereof shall be applied as follows: (i) the Net Proceeds of the insurance required by Section 6.3(aSections 6.4(e) and (e) hereof shall be applied as provided in Section 7.1 hereof hereof, and (ii) the Net Proceeds of the insurance required by Section 6.3(bSections 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. Section 6.6.

Appears in 1 contract

Samples: Lease Agreement (CVD Equipment Corp)

Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.3 hereof shall be applied applied, as follows: (ia) the Net Proceeds of the insurance required by in Section 6.3(a) hereof shall be applied as provided in Section 7.1 hereof 7.1, and (iib) the Net Proceeds of the insurance required by Section in Sections 6.3(b) hereof and (c) shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. Section 6.6.

Appears in 1 contract

Samples: Lease Agreement (Whitehall Corp)

Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.3 hereof shall be applied as follows: (ia) the Net Proceeds of the insurance required by Section 6.3(a6.3(a)(i) and (v) hereof shall be applied as provided in Section 7.1 hereof hereof; and (iib) the Net Proceeds of the insurance required by Section 6.3(b6.3(a)(ii), (iii), (iv) and (viii) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. Section 6.6.

Appears in 1 contract

Samples: Loan Agreement (Roth CH Acquisition I Co. Parent Corp.)

Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.3 4.08 hereof shall be applied as follows: (i) the Net Proceeds of the insurance required by Section 6.3(aSections 4.08(a) and 4.08(f) hereof shall be applied as provided in Section 7.1 hereof 4.13 hereof, and (ii) the Net Proceeds of the insurance required by Section 6.3(bSections 4.08(b), (c), (d) and (e) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. Section 6.6.

Appears in 1 contract

Samples: Bond Purchase Agreement and Loan Agreement

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Application of Net Proceeds of Insurance. The Net Proceeds proceeds of the insurance carried pursuant to the provisions of Section 6.3 hereof this Lease shall be applied as follows: (i) the Net Proceeds of the insurance required by in Section 6.3(a) 5.5 hereof shall be applied as provided in Section 7.1 hereof 6.1 hereof, and (ii) the Net Proceeds of the insurance required by in Section 6.3(b) 5.8 hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. Section 6.6.

Appears in 1 contract

Samples: Luiginos Inc

Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.3 4.14 hereof shall be applied as follows: (i) the Net Proceeds of the insurance required by Section 6.3(aSections 4.14(a) and 4.14(d) hereof shall be applied as provided in Section 7.1 hereof 4.19 hereof, and (ii) the Net Proceeds of the insurance required by Section 6.3(bSections 4.14(b), 4.10(c) and 4.10(d) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. Section 6.6.

Appears in 1 contract

Samples: Bond Purchase Agreement and Loan Agreement

Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.3 hereof 6.4 shall be applied as follows: (i1) the Net Proceeds of the insurance required by Section 6.3(ain Sections 6.4(a) hereof and (b) shall be applied as provided in Section 7.1 hereof 7.1, and (ii) the Net Proceeds of the insurance required by Section 6.3(bin Sections 6.4(c) hereof and (d) shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. Section 6.6.

Appears in 1 contract

Samples: Agreement of Sale (Toms Foods Inc)

Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of required in Section 6.3 6.4 hereof shall be applied as follows: (i) the Net Proceeds of the insurance required by Section 6.3(ain Sections 6.4 (a), (d), and (e) hereof shall be applied as provided in Section 7.1 hereof 7.2 hereof, and (ii) the Net Proceeds of the insurance required by Section 6.3(bin Sections 6.4(b) and (c) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. Section 6.6.

Appears in 1 contract

Samples: 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 6.3 6.4 hereof shall be applied as follows: (i) the Net Proceeds of the insurance required by Section 6.3(aSections 6.4(a) and (d) hereof shall be applied as provided in Section 7.1 7.l hereof and (ii) the Net Proceeds of the insurance required by Section 6.3(bSections 6.4(b) and (c) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. Section 6.6.

Appears in 1 contract

Samples: Lease Agreement (Ultralife Batteries Inc)

Application of Net Proceeds of Insurance. The Net Proceeds of the insurance carried pursuant to the provisions of Section 6.3 6.4 hereof shall be applied as follows: (i) the Net Proceeds of the insurance required by Section 6.3(a6.4(a) and (e) hereof shall be applied as provided in Section 7.1 hereof hereof, and (ii) the Net Proceeds of the insurance required by Section 6.3(b6.4(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. Section 6.6.

Appears in 1 contract

Samples: Lease and Project Agreement (CVD Equipment Corp)

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