Deposit of Insurance Proceeds Sample Clauses

Deposit of Insurance Proceeds. CCP shall promptly deposit any insurance proceeds received by CCP from any insurance obtained pursuant to this Agreement or otherwise associated with the Project into the Operating Accounts of the Project Participants based on each Project Participants’ Entitlement Shares.
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Deposit of Insurance Proceeds. Each Borrower Entity shall pay, or cause to be paid, all Insurance Proceeds received by such Borrower Entity directly to the Administrative Agent. Promptly upon receipt thereof, the Administrative Agent shall deposit the proceeds of any business interruption Insurance Policy into the Revenue Account. Promptly upon 13 142 receipt thereof, the Administrative Agent shall deposit all Insurance Proceeds which do not constitute Extraordinary Proceeds, if any, into the Insurance Proceeds Account.
Deposit of Insurance Proceeds. The Trustee shall deposit any and all payments and proceeds from the Applicable Insurance to the Environmental Response Trust Insurance Account. From this account, the Environmental Response Trust Trustee shall reimburse the Environmental Response Trust Administrative Account for all professional fees and expenses relating to the insurance recovery activities, shall pay the Special Insurance Counsel's Contingent Fee and shall transfer 10% of the amount remaining after the payments referred to in this Section to the Environmental Response Trust Administrative Account.
Deposit of Insurance Proceeds. Except as otherwise may be required by any of the Project Agreements and unless otherwise provided by the Coordinating Committee, SCPPA promptly shall deposit with the Project Trustee or Lender any insurance proceeds received by SCPPA as a result of injury or damage to any insured interest attributable to any component or all or any portion of the Project. All insurance proceeds collectible by SCPPA as a result of an insured event affecting the Project shall be applied as directed by SCPPA (which directions shall be in accordance with any applicable provisions of the Indenture).
Deposit of Insurance Proceeds. NCPA, in consultation with the Participant Committee, shall promptly deposit the amount of any insurance proceeds received by NCPA as a result of damage or destruction to all or any portion of the Project into appropriate Project accounts, as shall be determined by NCPA in accordance with the applicable terms of each Indenture.

Related to Deposit of Insurance Proceeds

  • Application of Insurance Proceeds Grantor shall promptly notify Lender of any loss or damage to the Collateral. Lender may make proof of loss if Grantor fails to do so within fifteen (15) days of the casualty. All proceeds of any insurance on the Collateral, including accrued proceeds thereon, shall be held by Lender as part of the Collateral. If Lender consents to repair or replacement of the damaged or destroyed Collateral, Lender shall, upon satisfactory proof of expenditure, pay or reimburse Grantor from the proceeds for the reasonable cost of repair or restoration. If Lender does not consent to repair or replacement of the Collateral, Lender shall retain a sufficient amount of the proceeds to pay all of the Indebtedness, and shall pay the balance to Grantor. Any proceeds which have not been disbursed within six (6) months after their receipt and which Grantor has not committed to the repair or restoration of the Collateral shall be used to prepay the Indebtedness.

  • Insurance Proceeds All proceeds of and any unearned premiums on any insurance policies covering the Property, including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof, for damage to the Property;

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