Insurance Receipts. (A) All Insurance Proceeds received by an Obligor in excess of 10 million shall be paid into and retained in the Insurance Proceeds Account until applied in accordance with the terms of this clause.
Appears in 3 contracts
Samples: Intercompany Loan Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.)
Insurance Receipts. (A) All Insurance Proceeds received by an Obligor in excess of 10 USD10 million (or its equivalent in other currencies) in aggregate shall be paid into and retained in the an Insurance Proceeds Account until applied in accordance with the terms of this clause.
Appears in 2 contracts
Samples: Facility Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.)
Insurance Receipts. (AI) All Insurance Proceeds received by an Obligor in excess of 10 USD10 million (or its equivalent in other currencies) in aggregate shall be paid into and retained in the an Insurance Proceeds Account until applied in accordance with the terms of this clause.
Appears in 1 contract
