Common use of Surplus Proceeds Clause in Contracts

Surplus Proceeds. If, after Insurance Proceeds have been applied to the repair or restoration of a Project as provided in Section 7.9.3, there remain any excess Insurance Proceeds, such Insurance Proceeds shall be transferred to the Revenue Account and applied to the Mandatory Prepayment of Loans.

Appears in 2 contracts

Samples: Lender Agreement (Bloom Energy Corp), Lender Agreement (Bloom Energy Corp)

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Surplus Proceeds. If, after Insurance Proceeds have been applied to the repair or restoration of a the Project as provided in Section 7.9.37.9.4, there remain any excess Insurance Proceeds, such Insurance Proceeds shall be transferred to paid into the Revenue Account and applied to the Mandatory Prepayment of LoansAccount.

Appears in 2 contracts

Samples: Security Agreement (Fulcrum Bioenergy Inc), Security Agreement (Fulcrum Bioenergy Inc)

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