Withdrawals from the Loss Proceeds Account. (a) If there shall occur any single Loss Event with respect to which the replacement value does not exceed [***], the Net Available Amount of any Loss Proceeds in respect of such Loss Event shall be applied by the Company to the prompt payment of the cost of the repair or restoration of such damage or destruction.
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Samples: Depositary Agreement (Bloom Energy Corp), Depositary Agreement (Bloom Energy Corp)
Withdrawals from the Loss Proceeds Account. (a) If there shall occur any single Loss Event with respect to which the replacement value does not exceed $[***], the Net Available Amount of any Loss Proceeds in respect of such Loss Event shall be applied by the Company to the prompt payment of the cost of the repair or restoration of such damage or destruction.
Appears in 2 contracts
Samples: Depositary Agreement (Bloom Energy Corp), Depositary Agreement (Bloom Energy Corp)
Withdrawals from the Loss Proceeds Account. (a) If there shall occur any single Loss Event with respect to which the replacement value does not exceed [***]$5,000,000, the Net Available Amount of any Loss Proceeds in respect of such Loss Event shall be applied by the Company to the prompt payment of the cost of the repair or restoration of such damage or destruction.
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