Proceeds of Insurance or Condemnation. Satisfy the following conditions, if Lender, at its sole option, makes the net Proceeds of insurance or condemnation (after payment of Lender's reasonable costs and expenses) available to Borrower for Borrower's repair, restoration and replacement of the Improvements, Equipment and Inventory damaged or taken:
Appears in 4 contracts
Samples: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp)