Common use of Retention of Proceeds Clause in Contracts

Retention of Proceeds. (a) Prior to the Payment in Full of ABL Priority Debt, the Term Claimholders will not receive or retain any proceeds of ABL Priority Collateral in connection with any Enforcement Action or ABL Default Disposition, and any such proceeds received or retained in any other circumstance will be subject to Section 4.2.

Retention of Proceeds. (a) Prior to the Payment in Full of ABL Priority Debt, the The Term Claimholders will shall not receive or be permitted to retain any proceeds of ABL Priority Collateral in connection with any Enforcement Action or Exercise of Secured Creditor Remedies in any circumstance unless and until the Discharge of ABL Default DispositionObligations has occurred, and any such proceeds received or retained in any other circumstance will be subject to Section 4.2.