Rights to Distributions and Other Sums. (a) Except as provided in Subsection (b) below, prior to the occurrence of an Event of Default, Debtor shall be entitled to receive all amounts paid or distributed in cash on account of the Pledged Interests. After an Event of Default occurs, Secured Party shall be entitled to receive and hold all amounts paid or distributed on account of the Pledged Interests.
Appears in 4 contracts
Samples: Purchase Agreement (Weiss Gary L), Purchase Agreement (Weiss Zev), Purchase Agreement (Weiss Elie)
