Payment and Application. Insurance proceeds payable with ----------------------- respect to damage to or destruction of the Hotel shall be paid and applied as provided in the Mortgage of such Hotel.
Appears in 1 contract
Sources: Loan Agreement (Courtyard by Marriott Limited Partnership)
Payment and Application. Insurance proceeds payable with respect ----------------------- respect to damage to or destruction of the a Mortgaged Hotel shall be paid and applied as provided in accordance with the Mortgage terms of such Hotelthe Mortgages.
Appears in 1 contract
Sources: Loan Agreement (Marriott Diversified American Hotels L P)