Casualty Proceeds. (a) Borrowers shall notify Administrative Agent promptly of the commencement or threat of any Taking of the Projects or any portion thereof or of the occurrence of any casualty with respect to any Project. Back to Table of Contents
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Samples: Credit and Security Agreement (American Retirement Corp), Credit and Security Agreement (American Retirement Corp)
Casualty Proceeds. (ac) Borrowers shall notify Administrative Agent promptly of the commencement or threat of any Taking of one or more of the Projects or any portion thereof or of the occurrence of any casualty with respect to any Project. Back Project that could reasonably be expected to Table result in damages or losses in excess of Contents$250,000.
Appears in 1 contract
Samples: Credit and Security Agreement (Skilled Healthcare Group, Inc.)
Casualty Proceeds. (a) Borrowers shall notify Administrative Agent promptly of the commencement or threat of any Taking of one or more of the Projects or any portion thereof or of the occurrence of any casualty with respect to any Project. Back to Table of Contents.
Appears in 1 contract
Casualty Proceeds. (a) Borrowers shall notify Administrative Agent promptly of the commencement or threat of any Taking of the Projects or any portion thereof or of the occurrence of any casualty with respect to any Project. Back to Table of Contents.
Appears in 1 contract
Samples: Credit and Security Agreement (American Retirement Corp)
Casualty Proceeds. (a) Borrowers shall notify Administrative Agent promptly of the commencement or written threat of any Taking of one or more of the Projects or any portion thereof or of the occurrence of any casualty with respect to any Project. Back to Table of Contents.
Appears in 1 contract
