Retention of Proceeds. (a) The Term Claimholders shall not be permitted to retain any proceeds of Revolving Priority Collateral in connection with any Exercise of Secured Creditor Remedies in any circumstance unless and until the Discharge of Revolving 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: Counterpart Agreement (REV Group, Inc.), Counterpart Agreement (REV Group, Inc.)
Retention of Proceeds. (a) The Term Notes Claimholders shall not be permitted to retain any proceeds of Revolving Priority Collateral in connection with any Exercise of Secured Creditor Remedies in any circumstance unless and until the Discharge of Revolving 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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Retention of Proceeds. (a) The Term Fixed Asset Claimholders shall not be permitted to retain any proceeds of Revolving Priority Collateral in connection with any Exercise of Secured Creditor Remedies in any circumstance unless and until the Discharge of Revolving 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: Guarantee and Collateral Agreement (Foundation Building Materials, Inc.)
Retention of Proceeds. (a) The Term Notes Claimholders shall not be permitted to retain any proceeds of Revolving ABL Priority Collateral in connection with any Exercise of Secured Creditor Remedies in any circumstance unless and until the Discharge of Revolving 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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