Property Awards definition

Property Awards means all compensation, awards, damages, refunds, claims, rights of action and proceeds (including cash, equivalents readily convertible into cash, and such proceeds of any notes received in lieu of cash) payable under policies of property damage, boiler and machinery, rental loss, rental value and business interruption insurance or with respect to any condemnation or eminent domain claim or award relating to the Project or any portion thereof.
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Examples of Property Awards in a sentence

  • Mortgagor and Borrower hereby irrevocably assign to Mortgagee, as additional security for the payment of the Indebtedness, all of their respective awards and/or other compensation, including interest payable thereon, hereafter made by any Governmental Authority for the taking by eminent domain, condemnation or otherwise, of all or any part of the Mortgaged Property ("Awards").

  • Such Resort Owner, Borrower or Parent Guarantor may not use and, if applicable, the Administrative Agent shall not without the consent of the Majority Lenders, to release, any Property Awards until any such additional funds have been expended toward the Restoration and the budget for such Restoration shall be "in balance" with the funds comprising the Property Award sufficient to complete the Restoration.

  • SRI shall continue in the Ordinary Course of Business to administer, carry out and oversee the execution and implementation of the Southern Research Institute Intellectual Property Awards Policies (the “Awards Policies”), in the form attached hereto as Exhibit C.

  • Borrower or Parent Guarantor may not use and, if applicable, the Administrative Agent shall not, without the consent of the Majority Lenders, release, any Property Awards until any such additional funds have been expended toward the Restoration and the budget for such Restoration shall be "in balance" with the funds comprising the Property Award sufficient to complete the Restoration.

  • The Astaka, which is slated for completion in 2018, has won several accolades, including Best Condo Development (Malaysia) by South East Asia Property Awards (Malaysia) 2015 and Best Luxury High Rise Development by ▇▇▇▇▇▇▇▇▇.▇▇▇ People’s Choice Awards, Malaysia.

  • Such Co-Borrower or Parent Guarantor may not use and, if applicable, the Administrative Agent shall not, without the consent of the Majority Lenders, release, any Property Awards until any such additional funds have been expended toward the Restoration and the budget for such Restoration shall be "in balance" with the funds comprising the Property Award sufficient to complete the Restoration.