Condemnation Event means any act of taking by a public or quasi-public authority through condemnation, reverse condemnation or eminent domain.
Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.
Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.
Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.
Casualty shall have the meaning set forth in Section 6.2 hereof.
Insurance Account shall have the meaning set forth in Section 8.6 hereof.