Common use of Insurance Benefits Clause in Contracts

Insurance Benefits. Borrower shall cooperate with Lender in ------------------ obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable to Lender in connection with the Facility, and Lender shall be reimbursed for any reasonable expenses incurred in connection therewith (including reasonable attorneys' fees and disbursements) and the payment by Borrower of the expense of an Appraisal on behalf of Lender in case of a fire or other casualty affecting the Facility or any part thereof out of such Insurance Proceeds, all as more specifically provided in the Mortgage.

Appears in 3 contracts

Samples: Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc)

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Insurance Benefits. Borrower shall cooperate with Lender in ------------------ obtaining for Lender Borrower and for Lender, as provided in Section 6.1 hereof, the benefits of any Insurance Proceeds lawfully or equitably payable to Lender in connection with the FacilityProperty, and Lender shall be reimbursed for any reasonable expenses incurred in connection therewith (including reasonable attorneys' fees and disbursements) , and the payment by Borrower of the expense of an Appraisal appraisal on behalf of Lender in case of a fire or other casualty affecting the Facility Property or any part thereof thereof) out of such Insurance Proceeds, all as more specifically provided in the Mortgage.

Appears in 2 contracts

Samples: Loan Agreement (Glimcher Realty Trust), Loan Agreement (Glimcher Realty Trust)

Insurance Benefits. Borrower shall cooperate with Lender in ------------------ obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable to Lender in connection with the Facilityeach Individual Property, and Lender shall be reimbursed for any reasonable expenses reasonably incurred in connection therewith (including reasonable attorneys' fees and disbursements) disbursements and the payment by Borrower of the expense of an Appraisal appraisal on behalf of Lender in case of a fire or other casualty affecting the Facility such Individual Property or any part thereof thereof, but excluding internal overhead, administrative and similar costs of Lender) out of such Insurance Proceeds, all as more specifically provided in the MortgageMortgages.

Appears in 2 contracts

Samples: Loan Agreement (Ambassador Apartments Inc), Loan Agreement (Forum Group Inc)

Insurance Benefits. Borrower shall cooperate with Lender in ------------------ obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable to Lender in connection with any of the FacilityProperties, and Lender shall be reimbursed for any reasonable expenses reasonably incurred in connection therewith (including reasonable attorneys' fees and disbursements) , and the payment by Borrower of the expense of an Appraisal appraisal on behalf of Lender in case of a fire or other casualty affecting any of the Facility Properties or any part thereof thereof) out of such Insurance Proceeds, all as more specifically provided in the Mortgage.

Appears in 2 contracts

Samples: Loan Agreement (Prentiss Properties Trust/Md), Loan Agreement (Prentiss Properties Trust/Md)

Insurance Benefits. Borrower shall cooperate with Lender in ------------------ obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable to Lender in connection with the Facility, and Lender shall be reimbursed for any reasonable expenses incurred in connection therewith (including reasonable attorneys' fees and disbursements) disbursements and the payment by Borrower of the expense of an Appraisal on behalf of Lender Lender) in case of a fire or other casualty affecting the Facility or any part thereof out of such Insurance Proceeds, all as more specifically provided in the Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Mark Centers Trust)

Insurance Benefits. Borrower shall cooperate with Lender in ------------------ obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable to Lender in connection with any of the FacilityProperties, and Lender shall be reimbursed for any reasonable expenses reasonably incurred in connection therewith (including reasonable attorneys' fees and disbursements) , and the payment by Borrower of the expense of an Appraisal appraisal on behalf of Lender in case of a fire or other casualty affecting any of the Facility Properties or any part thereof thereof) out of such Insurance Proceeds, all as more specifically provided in the Mortgage.Article VII below. (i)

Appears in 1 contract

Samples: Loan Agreement (Horizon Group Inc)

Insurance Benefits. Borrower shall cooperate with Lender in ------------------ obtaining for Lender the benefits of any Insurance Proceeds insurance proceeds lawfully or equitably payable to Lender in connection with the Facilityany Mortgaged Property, and Lender shall be reimbursed for any reasonable out-of- pocket expenses reasonably incurred in connection therewith (including reasonable attorneys' fees and disbursements) and the payment by Borrower of , and, if reasonably necessary to collect such proceeds, the expense of an Appraisal appraisal on behalf of Lender in case of a fire or other casualty affecting the Facility any Mortgaged Property or any part thereof thereof) out of such Insurance Proceeds, all as more specifically provided in the Mortgageinsurance proceeds.

Appears in 1 contract

Samples: Loan Agreement (Entertainment Properties Trust)

Insurance Benefits. Borrower shall cooperate with Lender in ------------------ obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable to Lender in connection with the Facility, and Lender shall be reimbursed for any reasonable expenses incurred in connection therewith (including reasonable attorneys' fees and disbursements) and the payment by Borrower of the expense of an Appraisal on behalf of Lender in case of a fire or other casualty affecting the Facility or any part thereof out of such Insurance Proceeds, all as more specifically provided in the Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Brookdale Living Communities Inc)

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Insurance Benefits. Borrower shall cooperate with Lender in ------------------ obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable to Lender in connection with the FacilityMortgaged Property, and Lender shall be reimbursed for any reasonable expenses incurred in connection therewith (including reasonable attorneys' fees and disbursements) , and the payment by Borrower of the expense of an Appraisal on behalf of Lender in case of a fire or other casualty affecting the Facility or any part thereof casualty) out of such Insurance Proceeds, all as more specifically provided in the MortgageIndenture.

Appears in 1 contract

Samples: Loan Agreement (Hob Entertainment Inc /De/)

Insurance Benefits. Borrower shall cooperate with Lender in ------------------ obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable to Lender in connection with the Facility, and Lender shall be reimbursed for any reasonable expenses incurred in connection therewith (including reasonable attorneys' fees and disbursements) disbursements and the payment by Borrower of the expense of an Appraisal on behalf of Lender in case of a fire or other casualty affecting the Facility or any part thereof out of such Insurance Proceeds, all as more specifically provided in the Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Burnham Pacific Properties Inc)

Insurance Benefits. Subject to the terms hereof, Borrower shall reasonably cooperate with Lender in ------------------ obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable to Lender in connection with the FacilityProperty, and Lender shall be reimbursed for any reasonable expenses incurred in connection therewith (including reasonable attorneys' ’ fees and disbursements) , and the payment by Borrower of the expense of an Appraisal appraisal on behalf of Lender in case of a fire or other casualty affecting the Facility Property or any part thereof thereof) out of such Insurance Proceeds, all as more specifically provided in the Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Pebblebrook Hotel Trust)

Insurance Benefits. Borrower shall cooperate with Lender in ------------------ obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable to Lender in connection with the any Facility, and Lender shall be reimbursed for any reasonable expenses incurred in connection therewith (including reasonable attorneys' fees and disbursements) disbursements and the payment by Borrower of the expense of an Appraisal on behalf of Lender in case of a fire or other casualty affecting the any Facility or any part thereof out of such Insurance Proceeds, all as more specifically provided in the MortgageDeeds of Trust.

Appears in 1 contract

Samples: Loan Agreement (Burnham Pacific Properties Inc)

Insurance Benefits. Borrower shall cooperate with Lender in ------------------ obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably insurance proceeds payable to Lender in connection with the FacilityMortgaged Property, and Lender shall be reimbursed for any reasonable out-of-pocket expenses reasonably incurred in connection therewith (including reasonable attorneys' fees and disbursements) and the payment by Borrower of , and, if reasonably necessary to collect such proceeds, the expense of an Appraisal appraisal on behalf of Lender in case of a fire or other casualty affecting the Facility Mortgaged Property or any part thereof thereof) out of such Insurance Proceeds, all as more specifically provided in the Mortgageinsurance proceeds.

Appears in 1 contract

Samples: Loan Agreement (Desert Springs Marriott Limited Partnership)

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