Application of Proceeds and Awards. The Mortgagee may, at its option, apply all amounts recovered under any insurance policy required to be maintained by the Mortgagor hereunder and all awards received by it on account of any Taking in any one or more of the following ways:
Appears in 5 contracts
Samples: Leiner Health Products Inc, Sterling Chemical Inc, Leiner Health Products Inc
Application of Proceeds and Awards. The Mortgagee may, at its ---------------------------------- option, apply all amounts recovered under any insurance policy required to be maintained by the Mortgagor hereunder and all awards received by it on account of any Taking in any one or more of the following ways:
Appears in 1 contract
Samples: Credit Agreement (Aristotle Corp)
Application of Proceeds and Awards. The Mortgagee may, at ----------------------------------- its option, apply all amounts recovered under any insurance policy required to be maintained by the Mortgagor hereunder and all awards received by it on account of any Taking in any one or more of the following ways:
Appears in 1 contract
Samples: Jorgensen Earle M Co /De/
