to the Mortgagor. Notwithstanding the foregoing provisions of this SECTION 2.3 to the contrary (but subject to the provisions of SECTION 2.4), and if each of the following conditions is satisfied, the Mortgagee, upon request of the Mortgagor, shall apply insurance proceeds or condemnation awards received by it to the restoration or replacement of the Collateral, to the extent necessary for the restoration or replacement thereof:
Appears in 3 contracts
Samples: Leiner Health Products Inc, Leiner Health Products Inc, Leiner Health Products Inc
to the Mortgagor. Notwithstanding the foregoing provisions of this SECTION Section 2.3 to the contrary (but subject to the provisions of SECTION Section 2.4), and if each of the following conditions is satisfied, the Mortgagee, upon request of the Mortgagor, shall apply insurance proceeds or condemnation awards received by it to the restoration or replacement of the Collateral, to the extent necessary for the restoration or replacement thereof:
Appears in 2 contracts
Samples: Sterling Chemical Inc, Sterling Chemical Inc
to the Mortgagor. Notwithstanding the foregoing provisions of this SECTION Section 2.3 to the ----------- contrary (but subject to the provisions of SECTION Section 2.4), and if each of the ----------- following conditions is satisfied, the Mortgagee, upon request of the Mortgagor, shall apply insurance proceeds or condemnation awards received by it to the restoration or replacement of the Collateral, to the extent necessary for the restoration or replacement thereof:
Appears in 1 contract
Samples: Jorgensen Earle M Co /De/
to the Mortgagor. Notwithstanding the foregoing provisions of this SECTION Section 2.3 to the contrary (but subject to the provisions of SECTION 2.4)----------- contrary, and if each of the following conditions is satisfied, the Mortgagee, upon request of the Mortgagor, shall apply insurance proceeds or condemnation awards received by it to the restoration or replacement of the Collateral, to the extent necessary for the restoration or replacement thereof:
Appears in 1 contract
Samples: Credit Agreement (Aristotle Corp)