Common use of Insufficiency of Net Proceeds Clause in Contracts

Insufficiency of Net Proceeds. If the Net Proceeds are insufficient to pay in full the cost of any repair, restoration, modification, improvement or replacement of the Leased Property required under Section 11.2 of this Lease, the City may elect to:

Appears in 2 contracts

Samples: Lease Purchase Agreement, Lease Purchase Agreement

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Insufficiency of Net Proceeds. If the Net Proceeds are (plus any amounts withheld from such Net Proceeds by reason of any deductible clause) shall be insufficient to pay in full the cost of any repair, restoration, modification, improvement or replacement of the Leased Property required under Section 11.2 9.02 of this Lease, the City may elect to:

Appears in 1 contract

Samples: Lease Purchase Agreement

Insufficiency of Net Proceeds. If the Net Proceeds (plus any amounts withheld from such Net Proceeds by reason of any deductible clause) are insufficient to pay in full the cost of any repair, restoration, modification, improvement or replacement of the Leased Property required under Section 11.2 9.2 of this Lease, the City Town may elect to:

Appears in 1 contract

Samples: Lease Purchase Agreement

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Insufficiency of Net Proceeds. If the Net Proceeds are (plus any amounts withheld from such Net Proceeds by reason of any deductible clause) shall be insufficient to pay in full the cost of any repair, restoration, modification, improvement or replacement of the Leased Property required under Section 11.2 9.02 of this Financing Lease, the City Town may elect to:

Appears in 1 contract

Samples: Lease Purchase Agreement

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