Common use of Collection of Insurance Proceeds Clause in Contracts

Collection of Insurance Proceeds. Borrower will cooperate with Lender in obtaining for Lender the benefits of any insurance or other proceeds lawfully or equitably payable to it in connection with the transaction contemplated hereby and the collection of any indebtedness or obligation of Borrower to Lender incurred hereunder.

Appears in 10 contracts

Samples: Loan Agreement (Venus Concept Inc.), Loan Agreement (Venus Concept Inc.), Loan and Security Agreement (Venus Concept Inc.)

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Collection of Insurance Proceeds. Borrower will shall cooperate with Lender in obtaining for Lender the benefits of any insurance or other proceeds lawfully or equitably payable to it in connection with the transaction transactions contemplated hereby and the collection of any indebtedness or obligation of Borrower to Lender incurred hereunderhereunder (including the payment by Borrower of the expense of an independent appraisal on behalf of Lender in case of a fire or other casualty affecting the Premises).

Appears in 3 contracts

Samples: Construction Loan Agreement (North American Technologies Group Inc /Mi/), Construction Loan Agreement (North American Technologies Group Inc /Mi/), Loan Agreement (Emeritus Corp\wa\)

Collection of Insurance Proceeds. Borrower will Borrowers shall cooperate with Lender in obtaining for Lender the benefits of any insurance or other proceeds lawfully or equitably payable to it in connection with the transaction transactions contemplated hereby and the collection of any indebtedness or obligation of Borrower Borrowers to Lender incurred hereunderhereunder (including the payment by Borrowers of the expense of an independent appraisal on behalf of Lender in case of a fire or other casualty affecting the Premises).

Appears in 2 contracts

Samples: Second Lien Loan Agreement (North American Technologies Group Inc /Tx/), Second Lien Loan Agreement (Sammons Enterprises, Inc.)

Collection of Insurance Proceeds. Borrower will cooperate with Lender in obtaining for Lender the benefits of any insurance or other proceeds of the Collateral lawfully or equitably payable to it in connection with the transaction contemplated hereby and the collection of any indebtedness or obligation of Borrower to Lender incurred hereunder.

Appears in 1 contract

Samples: Loan Agreement (LGL Group Inc)

Collection of Insurance Proceeds. Borrower will shall cooperate with Lender Xxxxxx in obtaining for Lender the benefits benefit of any insurance or other proceeds lawfully or equitably payable to it Lender in connection with the transaction transactions contemplated hereby and the collection of any indebtedness or obligation of Borrower to Lender incurred hereunderhereby.

Appears in 1 contract

Samples: Loan Agreement (Elevate.Money REIT I, Inc.)

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Collection of Insurance Proceeds. Borrower will shall cooperate with Lender in obtaining for Lender the benefits of any insurance or other proceeds lawfully lawfullv or equitably payable to it in connection with the transaction transactions contemplated hereby and the collection of any indebtedness or obligation of Borrower to Lender incurred hereunderhereunder (including the payment by Borrower of the expense of an independent appraisal on behalf of Lender in case of a fire or other casualty affecting the Premises).

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

Collection of Insurance Proceeds. Borrower will shall cooperate with Lender in obtaining for Lender the benefits of any insurance or other proceeds lawfully or equitably payable to it Lender in connection with the transaction transactions contemplated hereby and the collection of any indebtedness or obligation of Borrower to Lender incurred hereunderin connection with the Loan (including the payment by Borrower of the expense of an independent appraisal on behalf of Lender in case of a fire or other casualty affecting the Premises).

Appears in 1 contract

Samples: Construction Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)

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