DAMAGE TO OR CONDEMNATION OF OTHER PROPERTY. The Borrower shall be entitled to the Net Proceeds of any insurance or condemnation award or portion thereof made for damages to or takings of its property not included in the Project.
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Samples: Loan Agreement (Advanced Aerodynamics & Structures Inc/), Loan Agreement (Peets Coffee & Tea Inc), Loan Agreement (Waste Connections Inc/De)
DAMAGE TO OR CONDEMNATION OF OTHER PROPERTY. The Subject to the terms and provisions of the Reimbursement Agreement, the Borrower shall be entitled to the Net Proceeds of any insurance or condemnation award or portion thereof made for damages to or takings of its property not included in the Project.
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DAMAGE TO OR CONDEMNATION OF OTHER PROPERTY. The Subject to the terms and provisions of the Credit Agreement, the Borrower shall be entitled to the Net Proceeds of any insurance or condemnation award or portion thereof made for damages to or takings of its property not included in the Project.
Appears in 2 contracts
Samples: Loan Agreement (RBC Bearings INC), Loan Agreement (Roller Bearing Co of America Inc)
DAMAGE TO OR CONDEMNATION OF OTHER PROPERTY. The As between the Authority and the Borrower, the Borrower shall be entitled to the Net Proceeds of any insurance or condemnation award or portion thereof made for damages to or takings of its property not included in the Project.
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