Common use of Excess Proceeds Clause in Contracts

Excess Proceeds. Upon completion of the repair or restoration of the Project following any Material Loss and the payment of all costs of such repair or restoration, the excess, if any, of (x) the amount of the Proceeds of such Casualty Event over (y) the aggregate amount of such costs of repair or restoration shall be released to or for the account of, or shall otherwise be made available to, the Partnership.