Application of Proceeds and Awards. The Beneficiary may, at its option, apply all amounts recovered under any insurance policy required to be maintained by the Trustor hereunder and all awards received by it on account of any Taking in any one or more of the following ways:
Appears in 3 contracts
Samples: Security Agreement and Fixture (Sterling Chemical Inc), Leiner Health Products Inc, Sterling Chemical Inc
Application of Proceeds and Awards. The Beneficiary may, at ---------------------------------- its option, apply all amounts recovered under any insurance policy required to be maintained by the Trustor Grantor 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: Aristotle Corp
Application of Proceeds and Awards. The Beneficiary may, at its option, apply all amounts recovered under any insurance policy covering the Trust Premises required to be maintained by the Trustor hereunder and all awards and payments received by it on account of any Taking covering the Trust Premises in any one or more of the following ways:
Appears in 1 contract
Samples: Sterling Chemical Inc
Application of Proceeds and Awards. The Beneficiary may, at ---------------------------------- its option, apply all amounts recovered under any insurance policy required to be maintained by the Trustor 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)
