Requisition Proceeds definition

Requisition Proceeds any and all payments (in any form whatsoever) made or due and payable from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Project by any Government Authority (or any person acting under color of any Government Authority).

Requisition Proceeds means any monies or other compensation receivable by any Obligor from any Government Entity in relation to any Aircraft, in the event of its requisition for title, confiscation, restraint, detention, forfeiture or compulsory acquisition or seizure or requisition for hire by or under the order of any such government or public or local authority.

Requisition Proceeds means (a) the amounts that are payable by any Agency as a consequence of the requisition for hire, requisition for title, detention, forfeiture or other compulsory acquisition of the Equipment; and (b) all claims, rights and remedies of the Assignor against the relevant Agency in relation to (a) above;

Examples of Requisition Proceeds in a sentence

• The Lessee shall be entitled to receive and retain for its own account all Requisition Proceeds payable for any such period by such Governmental Entity as compensation for such requisition or taking of possession; provided that such payments shall be paid to the Depositary Bank, deposited into the Loss Proceeds Account and applied in accordance with the terms of the Depositary Agreement.

• The Assignor has agreed to assign to the Assignee its interest in the Insurances and the Requisition Proceeds as security for its obligations under the Venture Loan Agreement.

• Where an Event of Default has occurred and is continuing, Requisition Proceeds for Requisition for Hire in respect of the Vessel shall be paid to the Security Agent and applied to the Loan in accordance with Clause 32.5 (Partial Payments).

• If the Requisition Proceeds (other than as a result of a Total Loss of an Aircraft) or similar proceeds in respect of an Engine are received after the occurrence of an Acceleration Event the Requisition Proceeds shall be applied in accordance with Clause 12.7 below subject to the Lessee's or the Sub-Lessee's quiet enjoyment rights to any of such Requisition Proceeds or similar proceeds.

• For so long as no Event of Default has occurred and is continuing, any Requisition Proceeds for Requisition for Hire in respect of the Vessel shall be paid to the Borrower.

More Definitions of Requisition Proceeds

Requisition Proceeds means any and all amounts (other than Insurance Proceeds) payable by any relevant governmental or other competent authority or by any person acting by authority of the same in respect of any compensation or reimbursement of fees or otherwise payable in consequence of an Expropriation of an asset of any member of the Borrower Group or any member of the EAN Group or of any of AssetCo's right title or interest in and to any member of the EAN Group (after deducting the amount required by any other member of the Borrower Group or other member of the EAN Group to pay as compensation attributable to such event to third parties that are not Affiliates of the Borrower Group or the EAN Group).

Requisition Proceeds means, in relation to an Aircraft, any monies and/or other compensation received directly by the Borrower, the relevant Sub-Borrower or the relevant Intermediate Lessee (if any) and/or the Security Trustee in its capacity as mortgagee in respect of the Compulsory Acquisition of such Aircraft;

Requisition Proceeds means amounts payable by any Agency as a consequence of the Requisition of the Aircraft.

Requisition Proceeds means, in relation to an Aircraft, any monies and/or other compensation received directly by the Borrower, the relevant Sub-Borrower or the relevant Intermediate Lessee (if any) and/or the Security Trustee in its capacity as mortgagee in respect of the Compulsory Acquisition of such Aircraft.

Requisition Proceeds means all compensation or other money which may from time to time be payable to the Company or a Relevant Ship Owner as a result of each or, as the context may require, any of the Ships being subject to Requisition for Hire.

Requisition Proceeds. ’ means any and all amounts payable in consequence of a requisition for title or hire or use of the Aircraft;

Requisition Proceeds means any compensation paid to the Borrower with respect to a Requisition for Hire.