Common use of Retention of Proceeds Clause in Contracts

Retention of Proceeds. (a) Subject to the provisions of Section 3.5(c) below, until the Payment in Full of ABL Priority Debt has occurred, the Term Loan Claimholders shall not be permitted to retain any identifiable Proceeds of ABL Priority Collateral in connection with any Enforcement Action, and any such Proceeds received or retained will be subject to Section 4.2.

Retention of Proceeds. (a) Subject Prior to the Payment in Full of ABL Debt, but subject to the provisions of Section 3.5(c) below, until the Payment in Full of ABL Priority Debt has occurred, the Term Loan Claimholders shall not be permitted to retain any identifiable Proceeds proceeds of ABL Priority Collateral in connection with any Enforcement Action, Action and any such Proceeds proceeds received or retained will be subject to Section 4.2.