Insurance and Condemnation Awards. Subject to the provisions of Sections 4.4 and 6.10 hereof, the net proceeds of any insurance or condemnation award as a result of the destruction or condemnation of the Project or any portion thereof shall belong to, and may be used for any lawful purpose by, the Company.
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Samples: Loan Agreement (York Water Co), Loan Agreement (York Water Co), Loan Agreement (York Water Co)
Insurance and Condemnation Awards. Subject to the provisions of Sections 4.4 and 6.10 hereof, the net proceeds of any insurance or condemnation award as a result of the destruction or condemnation of the Project Facilities or any portion thereof shall belong to, and may be used for any lawful purpose by, the Company.
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Samples: Loan Agreement (York Water Co)
Insurance and Condemnation Awards. Subject to the provisions of Sections 4.4 and 6.10 Section 5.3 hereof, the net proceeds of any insurance or condemnation award as a result of the destruction or condemnation of the Project or any portion thereof shall belong to, and may be used for any lawful purpose by, the CompanyBorrower.
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