Common use of Condemnation Awards Clause in Contracts

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Agreement.

Appears in 6 contracts

Samples: Credit Agreement (Ruths Hospitality Group, Inc.), Security Agreement (FTD Group, Inc.), Credit Agreement (United Online Inc)

AutoNDA by SimpleDocs

Condemnation Awards. Mortgagor assigns all awards and ------------------- compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Agreement.

Appears in 4 contracts

Samples: Sandhills Inc, Sandhills Inc, Sandhills Inc

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Loan Agreement.

Appears in 4 contracts

Samples: Mortgage Modification Agreement (Acadia Realty Trust), Cedar Income Fund LTD /Md/, Equity Inns Inc

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, Condemnation Awards to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation Condemnation Awards and to give proper receipts and acquittances therefor, subject to the terms of the Credit AgreementAgreement (including without limitation, Section 2.06(c)(iii) thereof).

Appears in 4 contracts

Samples: Security Agreement (Chiquita Brands International Inc), Security Agreement (Chiquita Brands International Inc), Security Agreement (Chiquita Brands International Inc)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances acquaintances therefor, subject to the terms of the Credit Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Regal Cinemas Corp), Security Agreement (IAA Acquisition Corp.), M & F Worldwide Corp

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Agreement.

Appears in 2 contracts

Samples: Open End Mortgage, Security Agreement (Westway Group, Inc.), Open End Mortgage, Security Agreement (Westway Group, Inc.)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances acquaintances therefor, subject to the terms of the Credit AgreementIndenture.

Appears in 2 contracts

Samples: Intercreditor Agreement (Edgen Group Inc.), Intercreditor Agreement (Edgen Murray II, L.P.)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject except to the extent otherwise provided by the terms of the Credit Agreement.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Simmons Bedding Co), Credit and Guaranty Agreement (Simmons Co /Ga/)

Condemnation Awards. Mortgagor assigns all awards and compensation Condemnation Awards to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and subject to the terms of the Credit Agreement, authorizes Mortgagee to collect and receive such awards and compensation Condemnation Awards and to give proper receipts and acquittances therefor, subject to in accordance with the terms of the Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Isle of Capri Casinos Inc), Security Agreement (Isle of Capri Casinos Inc)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Agreement. Mortgagor shall cause all Condemnation Awards to be applied in accordance with Section 2.10(c)(i) of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Verso Paper Holdings LLC)

AutoNDA by SimpleDocs

Condemnation Awards. To the extent permitted by the Lease, Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances acquaintances therefor, subject to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Regal Cinemas Corp)

Condemnation Awards. Mortgagor assigns all awards and compensation Condemnation Awards to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, Taking to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation Condemnation Awards and to give proper receipts and acquittances therefor, subject to the terms of the Credit AgreementNote and the prior rights of the Senior Lender (if any).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Golf Trust of America Inc)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee (on behalf of the Lenders) and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Loan Agreement.

Appears in 1 contract

Samples: And Consolidated Mortgage and Security Agreement (Metropolis Realty Trust Inc)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee Mortgagee, for the benefit of the Lenders, and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (DMW Worldwide Inc)

Condemnation Awards. Mortgagor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Mortgagee and authorizes Mortgagee to collect and receive such awards and compensation and to give proper receipts and acquittances therefor, subject to the terms of the Credit Loan Agreement.. MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING - Page 5 [Pinebrook – Milford, OH]

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (NorthStar Healthcare Income, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.