Casualty Insurance Proceeds definition

Casualty Insurance Proceeds means insurance or other proceeds or amounts paid or payable to or on behalf of Borrower in respect of a Casualty.

Casualty Insurance Proceeds any and all proceeds of any insurance, indemnity, warranty or guaranty payable from time to time with respect to any damage to, or destruction in whole or in part of, the Project.

Casualty Insurance Proceeds shall have the meaning set forth in Section 15.2.

Examples of Casualty Insurance Proceeds in a sentence

• Upon the completion of the Work and the furnishing of such proof, the balance of the Casualty Insurance Proceeds payable to Tenant on account of the Work shall be paid to Tenant as and when the terms of Sections 15.4.1 through 15.4.3 have been complied with.

• If Landlord does not elect to terminate, then Tenant shall promptly rebuild and restore the Leased Property in accordance with Section 15.4 below and Landlord shall make the Casualty Insurance Proceeds available to Tenant for such restoration only pursuant to, and in accordance with, Section 15.5 below.

• If the Casualty Insurance Proceeds are not sufficient to pay the costs of the Work in full, Tenant shall nevertheless remain responsible, at its sole cost and expense, to complete the Work.

• Notwithstanding anything contained herein to the contrary, any Facility Mortgagee may retain and disburse the Casualty Insurance Proceeds and Tenant shall comply with the requests and requirements of such Facility Mortgagee in connection with the Work and the disbursement of Casualty Insurance Proceeds.

• Notwithstanding anything herein or at law or in equity to the contrary, none of the Casualty Insurance Proceeds, or Award on account of any Condemnation, that may be paid to Landlord as herein provided shall be deemed trust funds, and Landlord shall be entitled to dispose of such Casualty Insurance Proceeds or Award as provided in this Section 15 or in Section 16 or Section 17.6 below, as applicable.

More Definitions of Casualty Insurance Proceeds

Casualty Insurance Proceeds has the meaning given to it in Section 5.12.

Casualty Insurance Proceeds means any and all proceeds of any insurance (other than Business Interruption Insurance Proceeds), indemnity, warranty or guaranty paid from time to time with respect to any Event of Loss (other than an Event of Loss described in clause (c) of the definition thereof) or Partial Casualty, other than a Partial Casualty with respect to the seizure, condemnation, confiscation or taking of, or requisition of title to or use of any part of the Project or the Project Site by any Governmental Entity.

Casualty Insurance Proceeds means any insurance proceeds received by a Borrower in respect of a Casualty.

Casualty Insurance Proceeds has the meaning specified in Section 7.2.

Casualty Insurance Proceeds means, with respect to any fixed assets, plant or equipment of the Company or any Subsidiary, casualty insurance proceeds received by the Company or such Subsidiary in connection with damage to, or destruction of, the same.

Casualty Insurance Proceeds. Insurance proceeds paid or payable in respect of a Casualty.

Casualty Insurance Proceeds means any and all proceeds of any insurance, indemnity, warranty, or guaranty payable from time to time with respect to any Casualty, including the insurance required by Section 10.1, whether such coverage is with a third party or self-insured by TVA.”