Retention of Proceeds. (a) The Term Claimholders shall not be permitted to retain any proceeds of ABL Priority Collateral in connection with any Exercise of Secured Creditor Remedies in any circumstance unless and until the Discharge of ABL Obligations has occurred, and any such proceeds received or retained in any other circumstance will be subject to Section 4.2.
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Samples: Abl Intercreditor Agreement (Entegris Inc), Term Credit Agreement (Ascena Retail Group, Inc.)
Retention of Proceeds. (a) The Prior to the Payment in Full of ABL Priority Debt, the Term Claimholders shall will not be permitted to receive or retain any proceeds of ABL Priority Collateral in connection with any Exercise of Secured Creditor Remedies in any circumstance unless and until the Discharge of Enforcement Action or ABL Obligations has occurredDefault Disposition, and any such proceeds received or retained in any other circumstance will be subject to Section 4.2.
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Samples: Intercreditor Agreement (Warrior Met Coal, Inc.), Intercreditor Agreement (Warrior Met Coal, Inc.)
Retention of Proceeds. (a) The Term Notes Claimholders shall not be permitted to retain any proceeds of ABL Priority Collateral in connection with any Exercise of Secured Creditor Remedies in any circumstance unless and until the Discharge of ABL Obligations has occurred, and any such proceeds received or retained in any other circumstance will be subject to Section 4.2.
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