Common use of Asset Sales Proceeds Accounts Clause in Contracts

Asset Sales Proceeds Accounts. Neither the Lead Borrower nor any of its Subsidiaries shall deposit any funds or credit any amounts into any “Collateral Proceeds Account” (as defined in the Intercreditor Agreement), other than proceeds of “Noteholder First Lien Collateral” (as defined in the Intercreditor Agreement).

Appears in 3 contracts

Samples: Credit Agreement (Polymer Group Inc), Credit Agreement (Dominion Textile (Usa), L.L.C.), Credit Agreement (Dominion Textile (Usa), L.L.C.)

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Asset Sales Proceeds Accounts. Neither the Lead Borrower nor any of its Subsidiaries shall deposit any funds or credit any amounts into any “Collateral Asset Sales Proceeds Account” (as defined in the Intercreditor Agreement), other than proceeds of “Noteholder First Lien Collateral” (as defined in the Intercreditor Agreement).

Appears in 2 contracts

Samples: Credit Agreement (Apria Healthcare Group Inc), Credit Agreement (Ahny-Iv LLC)

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