Common use of Return of Proceeds Clause in Contracts

Return of Proceeds. If any Secured Party that has remitted cash proceeds of Collateral to the Master Collateral Agent pursuant to the preceding paragraph (i) shall thereafter be required to repay such proceeds to the original payor thereof, such Secured Party shall have a lien on the Collateral, prior to the lien securing the Obligations, securing the repayment of the proceeds so remitted to the Master Collateral Agent (less any portion thereof distributed to such Secured Party pursuant to 25(g)), provided that, upon request by such Secured Party to the Master Collateral Agent, the Master Collateral Agent shall request each Facility Representative to whom such proceeds were disbursed to remit such proceeds to the Master Collateral Agent and each Facility Representative shall promptly comply with such request.