Condemnation Awards and Insurance Proceeds. (a) Grantor assigns all awards and compensation for any condemnation or other taking, or any purchase in lieu thereof, to Beneficiary and authorizes Beneficiary to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Loan Agreement.
Appears in 2 contracts
Samples: Maxxam Inc, Maxxam Inc
Condemnation Awards and Insurance Proceeds. (a) Grantor assigns all awards and compensation for any condemnation or other taking, or any purchase in lieu thereof, to Beneficiary and authorizes Beneficiary to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Loan Credit Agreement.
Appears in 2 contracts
Samples: Maxxam Inc, Maxxam Inc
Condemnation Awards and Insurance Proceeds. (a) Condemnation Awards. Grantor assigns to Grantee all awards and compensation for any condemnation or other taking, or any purchase in lieu thereof, to Beneficiary and authorizes Beneficiary Grantee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Loan Agreement.
Appears in 1 contract
Samples: Mortgage, Security Agreement and Fixture Filing (GTJ REIT, Inc.)
Condemnation Awards and Insurance Proceeds. (a) Condemnation Awards. Grantor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Beneficiary and authorizes Beneficiary to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of Section 6.4C of the Loan Credit Agreement.
Appears in 1 contract
Samples: Security Agreement (Arterial Vascular Engineering Inc)
