Common use of Replacement Proceeds Clause in Contracts

Replacement Proceeds. Condemnation and/or damage insurance proceeds shall be divided between the Acquiring Party and the Club as provided in the Declaration notwithstanding anything in this Agreement or any Security Document to the contrary, as though the Acquiring Party were the Declarant with respect to the Property.

Replacement Proceeds. Condemnation and/or damage insurance proceeds shall be divided between the Acquiring Party and the Club as provided in the Declaration notwithstanding anything in this Agreement or any Security Document to the contrary, as though the Acquiring Party were the Declarant with respect to the Property.. EXHIBIT A TO VACATION PLAN AGREEMENT