Distributions of Proceeds of Collateral. All realizations upon any Collateral pursuant to or in connection with an Enforcement Action, an Insolvency Event or otherwise shall be paid or delivered to the Senior Agent in respect of the Senior Debt until the Senior Discharge Date before any payment may be made to Subordinated Creditor.
Appears in 12 contracts
Samples: Subordination Agreement (Strongbridge Biopharma PLC), Term Loan Agreement (Valeritas Holdings Inc.), Loan Agreement (Dynavax Technologies Corp)
Distributions of Proceeds of Collateral. All realizations upon any Collateral pursuant to or in connection with an Enforcement Action, an Insolvency Event or otherwise shall be paid or delivered to the Senior Agent Lenders in respect of the Senior Debt until the Senior Discharge Date before any payment may be made to Subordinated Creditor.
Appears in 11 contracts
Samples: Agreement (Decipher Biosciences, Inc.), Term Loan Agreement, Agreement (Decipher Biosciences, Inc.)
Distributions of Proceeds of Collateral. All Until the Senior Discharge Date, all realizations upon any Collateral pursuant to or in connection with an Enforcement Action, an Insolvency Event or otherwise shall be paid or delivered to the Senior Agent in respect of the Senior Debt until the Senior Discharge Date before any payment may be made to Subordinated Creditor.
Appears in 2 contracts
Samples: Subordination Agreement (P3 Health Partners Inc.), Subordination Agreement (P3 Health Partners Inc.)
