Common use of Proceeds and Awards Clause in Contracts

Proceeds and Awards. Provided that Tenant is not in default under the terms of the Lease (beyond any applicable cure periods), Lender agrees that, notwithstanding any provision hereof to the contrary, the terms of the Lease shall continue to govern with respect to the disposition of any insurance proceeds or eminent domain awards.

Appears in 5 contracts

Samples: Master Lease Agreement (Spirit Realty Capital, Inc.), Master Lease (Spirit Finance Corp), Master Lease Agreement (Spirit MTA REIT)

AutoNDA by SimpleDocs

Proceeds and Awards. Provided that Tenant is not in default under the terms of the Lease (beyond any applicable cure periods), Lender Xxxxxx agrees that, notwithstanding any provision hereof to the contrary, the terms of the Lease shall continue to govern with respect to the disposition of any insurance proceeds or eminent domain awards.

Appears in 1 contract

Samples: Master Lease (Spirit Finance Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.