tokens: If during the term of this Agreement any item of Financed Equipment is lost , stolen , destroyed , damaged beyond repair , rendered permanently unfit for use , or seized by a governmental authority for any reason whatsoever for a period equal to at least the remainder of the term of this Agreement ( an " Event of Loss "), then in each case Bank will receive from the proceeds of insurance maintained pursuant to Section 6 , from any award paid by the seizing governmental authority or , to the extent not received from the proceeds of insurance or award or both , from Borrower , on or before the Payment Date next succeeding such Event of Loss for each such item of Financed Equipment subject to an Event of Loss , an amount equal to the sum of : ( i ) all accrued and unpaid Scheduled Payments with respect to such Loan due prior to the next such Payment Date , ( ii ) a prepayment in an amount equal to the Stipulated Loss Value and ( iii ) all other sums , if any , that shall have become due and payable , including interest at the Default Rate with respect to any past due amounts .