Insurance and Condemnation Fund definition

Insurance and Condemnation Fund means the fund by that name established and held by the Trustee pursuant to Section 5.05.

Insurance and Condemnation Fund means the fund by that name established and held pursuant to Article VII of the Trust Agreement.

Insurance and Condemnation Fund means the fund by that name established pursuant to Article VII of this Trust Agreement and held by the Trust Administrator.

Examples of Insurance and Condemnation Fund in a sentence

• Any balance of the Net Proceeds remaining in the Insurance and Condemnation Fund because (A) the Leased Property was damaged or destroyed in full and the Net Proceeds, together with other available moneys, were insufficient to cause the prepayment of all Outstanding Certificates, or (B) after all work to replace, repair, restore, modify or improve the Leased Property has been completed, shall be deposited in the Lease Payment Fund and applied toward subsequent Lease Payments.

• In the event of Prepayment of the principal components of the Lease Payments and Additional Rent in full pursuant to this Article X, such that the Trust Agreement shall be discharged by its terms as a result of such Prepayment, all amounts then on deposit in the Lease Payment Fund or the Insurance and Condemnation Fund shall be credited towards the amounts then required to be so prepaid.

• Establishment of Insurance and Condemnation Fund; Application of Net Proceeds of Insurance Award.

• As provided in the Indenture, the Trustee will deposit all Net Proceeds in the Insurance and Condemnation Fund to be applied as set forth in Section 5.07 of the Indenture.

• The Trustee has the right to exercise such rights and remedies conferred on the Lessor pursuant to the Lease Agreement as may be necessary or convenient (i) to enforce payment of the Lease Payments, Additional Rent, Prepayments and any other amounts required to be deposited in the Lease Payment Fund or the Insurance and Condemnation Fund, and (ii) otherwise to exercise the Lessor’s rights and take any action to protect the interests of the Trustee or the Certificate Owners in an Event of Default.

More Definitions of Insurance and Condemnation Fund

Insurance and Condemnation Fund means the fund by that name to be established and held by the Trustee pursuant to the Trust Agreement.

Insurance and Condemnation Fund means the fund by that name established and held by the Trustee under Section 5.06.

Insurance and Condemnation Fund means the fund by that name established and held by the Trustee pursuant to Section 5.08.

Insurance and Condemnation Fund means the fund so designated established pursuant to Section 401(A)(3) of the Indenture.

Insurance and Condemnation Fund means the fund by that name established and held by the Trustee pursuant to the Indenture.

Insurance and Condemnation Fund means the fund of that name established under, and held by the Trustee pursuant to the Trust Agreement.

Insurance and Condemnation Fund that certain fund established by the Trustee and administered pursuant to the Indenture.