Common use of Asset Dispositions and Insurance and Condemnation Events Clause in Contracts

Asset Dispositions and Insurance and Condemnation Events. The Borrower shall make mandatory principal prepayments of the Loans in the manner set forth in Section 2.11(c) in amounts equal to the Applicable Percentage of the aggregate Net Cash Proceeds received during the Covenant Waiver Period from (a) any Asset Disposition occurring during the Covenant Waiver Period; provided that there shall be excluded from this clause (a) any Net Cash Proceeds of less than $25,000,000 in the aggregate for all Asset Dispositions, or (b) any Insurance and Condemnation Event occurring during the Covenant Waiver Period (except to the extent that the Borrower confirms to the Administrative Agent that the Borrower reasonably expects to use such proceeds in the restoration, rebuilding or replacement of the applicable affected asset within 180 days (or, if committed within 180 days, within 360 days) of the Net Cash Proceeds Receipt Date. Such prepayments shall be made within five (5) Business Days after the Net Cash Proceeds Receipt Date of such Asset Disposition or Insurance and Condemnation Event, as applicable.><

Asset Dispositions and Insurance and Condemnation Events. The Borrower shall make mandatory principal prepayments of the Loans in the manner to be applied as set forth in Section 2.11(c4.1(d) in amounts equal to the Applicable Percentage of the aggregate Net Cash Proceeds received during the Covenant Waiver Period from (a) any Asset Disposition occurring during the Covenant Waiver Modification Period; provided that there shall be excluded from this clause (a) any Net Cash Proceeds of less than $25,000,000 in the aggregate for all Asset Dispositions, or (b) any Net Cash Proceeds received from an Insurance and Condemnation Event occurring during the Covenant Waiver Period (except to the extent that the Borrower confirms to the Administrative Agent that the Borrower reasonably expects to use such proceeds in the restoration, rebuilding or replacement of the applicable affected asset within 180 days (or, if committed within 180 days, within 360 days) of the Net Cash Proceeds Receipt Date). Such prepayments shall be made within five (5) Business Days after the Net Cash Proceeds Receipt Date of such Asset Disposition or Insurance and Condemnation Event, as applicable.><