Use of Insurance Proceeds. (1) Unless otherwise specified in this Section 6.5, all proceeds of insurance required to be maintained by the Obligors under the terms of this Agreement shall be paid to the Agent to be applied by it on account of the Obligations.
Appears in 3 contracts
Samples: Credit Agreement (CRH Medical Corp), Credit Agreement (CRH Medical Corp), sec.report
Use of Insurance Proceeds. (1) Unless otherwise specified in this Section 6.57.6, all proceeds of insurance required to be maintained by the Obligors under the terms of this Agreement shall be paid to the Agent to be applied by it on account of the Obligations.
Appears in 1 contract
Samples: Credit Agreement (Iamgold Corp)
Use of Insurance Proceeds. (1) 10.9.1 Unless otherwise specified in this Section 6.5or Section 5.6, all proceeds of insurance required to be maintained by the Obligors under the terms of this Agreement shall be paid to the Agent to and be applied by it on account to repay the Obligations and permanently reduce the amount of the one or more Credits, either directly or through repayment of Intercompany Loan Obligations.
Appears in 1 contract
Use of Insurance Proceeds. (1a) Unless otherwise specified in this Section 6.5Section, all proceeds of insurance required to be maintained by the Obligors Borrower under the terms of this Agreement shall be paid to the Agent to be applied by it on account of the Obligations.
Appears in 1 contract
Samples: Credit Agreement
