Use and Application of Insurance Proceeds. Lender shall apply insurance proceeds (other than proceeds of rental income or business interruption insurance which shall constitute Operating Revenues) to costs of restoring a damaged Project or the Loan as follows:
Appears in 3 contracts
Samples: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp)
Use and Application of Insurance Proceeds. Lender shall apply insurance proceeds (other than proceeds of rental income or business interruption insurance which shall constitute Operating Revenues) to costs of restoring a damaged Project or the Loan as follows:
Appears in 3 contracts
Samples: Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Loan Agreement (Extra Space Storage Inc.), Loan Agreement (Extra Space Storage Inc.)
Use and Application of Insurance Proceeds. Lender shall apply insurance proceeds (other than proceeds of rental income or business interruption insurance which shall constitute Operating Revenues) to costs of restoring a the damaged Project Parcel or the Loan Loans as follows:
Appears in 1 contract
Samples: Mortgage Modification Agreement (Acadia Realty Trust)
Use and Application of Insurance Proceeds. Lender shall apply insurance proceeds (other than proceeds of rental income or business interruption insurance which shall constitute Operating Revenues) to costs of restoring a damaged Project or the Loan as follows:
Appears in 1 contract
Samples: Loan Agreement (Winston Hotels Inc)
Use and Application of Insurance Proceeds. Lender shall apply insurance proceeds (other than proceeds of rental income or business interruption insurance which shall constitute Operating Revenues) to costs of restoring a damaged Project the Property or the Loan as follows:
Appears in 1 contract
Use and Application of Insurance Proceeds. Lender shall apply insurance proceeds (other than proceeds of rental income or business interruption insurance which shall constitute Operating Revenues) to costs of restoring a damaged the Project or the Loan as follows:
Appears in 1 contract
