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<br /> � earlier o! (A) tha signing of an agreement regardi.ng the ;;`,.�°i�;;;�=��.--_--
<br /> � ; ,,, •...�� �. � Condemnation or (H) the deciaion o! any court supervising the �,��;`,.�:`:_'�`_- _
<br /> Condamnation process, of its decision to either (1) Rastore - -�.���—.:�
<br /> � ;:,,; .. " , � the Property or (2) sell the Property. If the Truator elects ; . �,
<br /> �.... - ..-:. the Collateral Trustee ahall dis- P .� ��ti�•,--�����
<br /> ,..�:;,.-:.r,.. to Restore the Property, . _ . .�:.r..
<br />�� '�l��r�.;i`, . ,;,; �� burae any Procoeds hQld by it in accordance with Section R ;
<br /> � rior to
<br /> � :'� �:, •�:•� 3.03(d) of the Trust Agreemant, provided that, p ��
<br /> ����r:"��',.�� �
<br /> %:;;�.;�..<;. ',�., +���;.;.,, , receiving any disbursements fro� t he Co l i a teral Trustee in
<br /> � ' "�h''�`�"'� ' ' accordance with Section 3,0�(d� af the Trust Agreet�ent, the
<br /> '.Y:• ;..' -;.. rra�;..•.fi;.�t:�..- .. :. �
<br /> ��•,;�'��' � '��`�•��°��� Trustor shall (i) first expend any and al� abaounts descril�ecl
<br /> • �f`•':.�;;';;'s�`��:��, in� clause (i) of the deffr�ftxoa� of "Insa�an�e Aroceeds" tc :
<br /> .. ;,•�:'�r,.'' a the costs ane� expenses af su�D� Restarati�n amd (i i) .
<br /> .,t'?L°r;:�}� I� �f' '
<br /> ,,.��p��� provide the Benef3caarg arith a certificate from an Autharfzed
<br /> � �� Financial Officer off t�e Trustor stating that all suah funds . ,
<br /> ''� � have been completely expended• If the Trustor elects not to � , .;;,.;
<br /> � � Restore the Property, (i) the Trustor shall immediately remit ; �,..�...,-�
<br /> ���� � . • any amounts described in clause (i) of the definition of � �'°�;;
<br /> ,� �,'�� '� n (ii) the Co�lateral '
<br />` '��`� � , ��„ � � "I nsurance Proceeds to the Horrower, "�����'
<br /> 4 • , ,
<br /> � ' Trustee shall apply any Proceeds held by it in conneation
<br /> �� with such Loss (together with any income thereon) as provided
<br /> in Section 3.o3(d) (ii) of the Trust Agreement and (iii) the
<br /> Trustor shall, within two years of the Loss in question, sell
<br /> the Property and xemit the proceeds of such sale to the
<br /> � � Borrower, with all amounts desaribed in subclauses (i), (ii) ;
<br /> and (iii) to be treated by the Sorrower as Net Cash Proceeds �
<br /> . ,;, pursuant to Section 2.05(c) of the Credit Agreement and �
<br /> . Sea�ciati 1814 af th� Indenture. ; . �,,: _
<br /> ; � ' • (d) If the Trustcr elects to Restare the Property � , . � � •
<br /> '�7•.�''� ' ' pursuant to clause (c) above, but cannot deliver the cer-
<br /> ��+,; • tiffcation required by Section 3.03(d) (i) of the Trust Agree- ;
<br /> ment, the Trus�or shall imtaediately remit any amounts � �
<br /> � described in clause (i) of the definition of "Insurance �
<br /> Proceeds" to the Beneficiary, who shall pay any such amounts ,
<br /> ,� � ' to the Collateral Trustee to be distrfbuted in accordance •
<br /> � with Section 3.03(d) (ii) of the Trust Agxeement.
<br /> ��.. ':
<br /> �
<br /> �'� ARTICLE IV ;
<br /> •'4°. �g EXPENSES AND INDEMNIFICATION . .
<br /> • •. ''1, i
<br /> � . � • � SECTION 4.01. Expenses. Upon demand, the Trustor
<br /> ' . (a) shall reimburse the Beneficiary, the Indenture Trustee, .
<br /> ::.�" t��e Collateral Trustee and the Agent for all out-of-pocket
<br /> � E�cpenses, including reasonable attorneys' fees and expenses,
<br /> p:aid or incurred by the Beneficnary, the Indentu�e �'austee,
<br /> tY�e Coblateral Trustee and the Aqent ir� cor�aaecti�a� wa�3n
<br /> ' -29-
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