Disbursements of Excess Proceeds. If the Insurance Proceeds (and other funds, if any) deposited in the Insurance Fund exceed the entire cost of the Casualty Repair Work, the Parties agree to deposit the amount of any such excess proceeds into the Stadium Authority Capital Projects Fund and thereupon such proceeds shall constitute part of the Stadium Authority Capital Projects Fund, but only after the Authority has been furnished with reasonably satisfactory evidence that all Casualty Repair Work has been completed and paid for and that no Liens exist or may arise in connection with the Casualty Repair Work.
Disbursements of Excess Proceeds. If the Insurance Proceeds (and other funds, if any) deposited in the Insurance Fund exceed the entire cost of the Casualty Repair Work, the Parties agree to deposit the amount of any such excess proceeds into the Capital Projects Fund and thereupon such proceeds shall constitute part of the Capital Projects Fund, but only after the Fair Board has been furnished with reasonably satisfactory evidence that all Casualty Repair Work has been completed and paid for and that no Liens exist or may arise in connection with the Casualty Repair Work.
Disbursements of Excess Proceeds. If the Insurance Proceeds (and other funds, if any, including the Casualty Shortfall Funding) received by the Insurance Trustee shall exceed the entire cost of the Casualty Repair Work, the Insurance Trustee shall pay the amount of any such excess proceeds to Tenant, but only after Landlord has been furnished with reasonably satisfactory evidence that all Casualty Repair Work has been completed and that no mechanics' liens exist or may arise in connection with the Casualty Repair Work and after all Rentals then due hereunder have been paid and after Event of Defaults hereunder have been cured and provided no uncured potential Event of Default of which Landlord has delivered Notice to Tenant shall then exist and for which Tenant has not provided Landlord with assurances reasonably acceptable to Landlord that such potential Event of Default will be cured within the applicable cure period.
Disbursements of Excess Proceeds. If the Insurance Proceeds (and other funds, if any) deposited in the Insurance Fund exceed the entire cost of the Casualty Repair Work, Licensor shall deposit the amount of any excess proceeds into the Refurbishment and Maintenance Reserve Account and thereupon such proceeds shall constitute part of the Refurbishment and Maintenance Reserve Account, but only after Licensor has been furnished with reasonably satisfactory evidence that all Casualty Repair Work has been completed and paid for and that no Mechanic’s Liens exist or may arise in connection with the Casualty Repair Work.
Disbursements of Excess Proceeds. If the Insurance Proceeds (and other funds, if any) received by the Authority shall exceed the entire cost of the Casualty Repair Work, the Authority shall deposit the amount of any such excess proceeds into the Capital Projects Fund and thereupon such proceeds shall constitute part of the Capital Projects Fund.
Disbursements of Excess Proceeds. If the Insurance Proceeds (and other funds, if any) deposited in the Insurance Fund exceed the entire cost of the Casualty Repair Work, the Parties agree to first reimburse StadCo for any deductibles and thereafter deposit the amount of any such excess proceeds into the Stadium Authority Capital Projects Fund and thereupon such proceeds shall constitute part of the Stadium Authority Capital Projects Fund, but only after the Authority has been furnished with reasonably satisfactory evidence that all Casualty Repair Work has been completed and paid for and that no Liens exist or may arise in connection with the Casualty Repair Work.
