Business Interruption Proceeds definition

Business Interruption Proceeds means cash proceeds received by any Loan Party pursuant to business interruption policies of insurance.
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Business Interruption Proceeds means any proceeds of any business interruption insurance maintained by the Credit Parties.
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Business Interruption Proceeds has the meaning set forth in the Collateral Agreement.
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Examples of Business Interruption Proceeds in a sentence

  • Business Interruption Proceeds received shall be deemed Gross Operating Revenue and, so long as any Bonds are Outstanding, shall be deposited in accordance with the foregoing and distributed in accordance with the Indenture.

  • After there are no Bonds Outstanding, Corporation shall deposit any Business Interruption Proceeds received by Corporation, and Manager shall deposit any Business Interruption Proceeds received by Manager, into the Lockbox Fund immediately upon receipt.

  • Notwithstanding the foregoing, so long as some Bonds are Outstanding, the amounts required to be transferred pursuant to Section 8.2.2 of this Agreement shall be reduced to the extent the insurance carrier has directly paid Business Interruption Proceeds to either Manager or Corporation, which reduction shall be allocated in any manner deemed fair and appropriate by Manager, Corporation, and the Trustee.

  • Maintenance of Insurance; Business Interruption Proceeds 102 6.08.

  • Notwithstanding the foregoing, so long as some Bonds are Outstanding, the amounts required to be transferred pursuant to Section 8.2.2 of this Agreement shall be reduced to the extent the insurance carrier has directly paid Business Interruption Proceeds to either Manager or Owner, which reduction shall be allocated in the priority specified in Section 8.2.2.

  • Any payments made to the Trustee under the business interruption coverage of the policy shall be in the Business Interruption Proceeds Fund.

  • After there are no Bonds Outstanding, Owner shall deposit any Business Interruption Proceeds received by Owner, and Manager shall deposit any proceeds of Business Interruption Insurance received by Manager, into the Lockbox Fund immediately upon receipt.


More Definitions of Business Interruption Proceeds

Business Interruption Proceeds has the meaning given in Section 8.3.1.
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Business Interruption Proceeds has the meaning ascribed thereto in the definition of “Boiler Claims”.
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Business Interruption Proceeds means any and all proceeds of the insurance coverage required under Section 8.1(a)(iii) hereof.
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Business Interruption Proceeds shall have the meaning assigned to such term in Subsection 8.2.2 of the Management Agreement.
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Related to Business Interruption Proceeds

  • Interruption means a reduction in non-firm transmission service due to economic reasons pursuant to Tariff, Part II, section 14.7.

  • business interest ’ means —

  • Business income means income arising from transactions and activity in the regular course of the taxpayer's trade or business and includes income from tangible and intangible property if the acquisition, management, and disposition of the property constitute integral parts of the taxpayer's regular trade or business operations.

  • Services Interruption Event means any interruption to a Works caused by; a Force Majeure Event, the Customer’s failure to carry out or perform any obligation required of it under this agreement which in the sole opinion of the Company does or may cause a delay in the Works and any other matter which in the reasonable opinion of the Company will cause an interruption or delay in the performance of the Works;

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.