Common use of Turn-Over Clause in Contracts

Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Agent (with the consent or at the direction of the Required Lenders) so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Agent and the Lenders and deliver such payments to the Agent on account of the applicable Guaranteed Obligations (including all Post-Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

Appears in 9 contracts

Samples: Letter of Credit Facility Agreement (Eastman Kodak Co), Credit Agreement (Eastman Kodak Co), Letter of Credit Facility Agreement (Eastman Kodak Co)

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Turn-Over. After the occurrence and during the continuance of any Event of DefaultDefault (including the commencement and continuation of any Insolvency Proceeding relating to any other Obligor), each Guarantor shall, if the Agent (with the consent or at the direction of the Required Lenders) so requests, collect, enforce and receive payments on account of the Subordinated Intercompany Obligations as trustee for the Agent and the Lenders Secured Parties and deliver such payments to the Agent on account of the applicable Guaranteed Obligations (including all Post-Post Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such each Guarantor under the other provisions of this Facility Guaranty.

Appears in 7 contracts

Samples: Loan and Security Agreement (P&f Industries Inc), Loan and Security Agreement (P&f Industries Inc), Loan and Security Agreement (P&f Industries Inc)

Turn-Over. After the occurrence and during the continuance of any Event Default (including the commencement and continuation of Defaultany Debtor Relief Proceeding relating to any Borrower), each Guarantor shall, if the Agent (with the consent or at the direction of the Required Lenders) so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Agent and the Lenders and deliver such payments to the Agent on account of the applicable Guaranteed Obligations (including any and all Disallowed Post-Petition InterestCommencement Interest and Expenses), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

Appears in 6 contracts

Samples: Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD)

Turn-Over. After Subject to the Intercreditor Agreement, after the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Agent (with the consent or at the direction of the Required Lenders) so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Agent and the Lenders and deliver such payments to the Agent on account of the applicable Guaranteed Obligations (including all Post-Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

Appears in 6 contracts

Samples: Debtor in Possession Loan Agreement (Eastman Kodak Co), Loan Agreement, Loan Agreement

Turn-Over. After the occurrence and during the continuance of any Event Default (including the commencement and continuation of Defaultany Debtor Relief Proceeding relating to Borrower), each Guarantor shall, if the Agent (with the consent or at the direction of the Required Lenders) so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Agent and the Lenders and deliver such payments to the Agent on account of the applicable Guaranteed Obligations (including any and all Disallowed Post-Petition InterestCommencement Interest and Expenses), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

Appears in 5 contracts

Samples: Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD)

Turn-Over. After Subject to the Intercreditor Agreement, after the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Agent (with the consent or at the direction of the Required Lenders) so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Agent and the Lenders and deliver such payments to the Agent on account of the applicable Guaranteed Obligations (including all Post-Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

Appears in 4 contracts

Samples: Debtor in Possession Credit Agreement (Eastman Kodak Co), Amendment Agreement (Eastman Kodak Co), Debtor in Possession Credit Agreement

Turn-Over. After the occurrence and during the continuance of any Event of DefaultDefault (including the commencement and continuation of any Insolvency Proceeding relating to any other Credit Party), each Guarantor shall, if the Agent (with the consent or at the direction of the Required Lenders) so requests, collect, enforce and receive payments on account of the Subordinated Intercompany Obligations as trustee for the Agent and the Lenders Secured Parties and deliver such payments to the Agent on account of the applicable Guaranteed Obligations (including all Post-Post Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such each Guarantor under the other provisions of this Facility Guaranty.

Appears in 4 contracts

Samples: Loan Agreement (Capella Healthcare, Inc.), Loan and Security Agreement (Capella Healthcare, Inc.), Loan and Security Agreement (Lawton Surgery Investment Company, LLC)

Turn-Over. After the occurrence and during the continuance of any Event Default (including the commencement and continuation of Defaultany Debtor Relief Proceeding relating to Borrower), each Guarantor shall, if the Agent (with the consent or at the direction of the Required Lenders) so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Agent and the Lenders and deliver such payments to the Agent on account of the applicable Guaranteed Obligations (including any and all Disallowed Post-Petition InterestCommencement Interest and Expenses), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

Appears in 3 contracts

Samples: Credit Agreement (Lsi Logic Corp), Credit Agreement (Lsi Logic Corp), Credit Agreement (Lsi Logic Corp)

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Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Agent (Administrative Agent, acting at the direction of, or with the consent or at the direction of of, the Required Lenders) , so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Agent Agents and the Lenders Lender Parties and deliver such payments to the Administrative Agent on account of the applicable Guaranteed Obligations (including all Post-Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

Appears in 3 contracts

Samples: Credit Agreement (Trump Entertainment Resorts, Inc.), Credit Agreement (Trump Entertainment Resorts Holdings Lp), Credit Agreement (Trump Entertainment Resorts Holdings Lp)

Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Agent (with the consent or at the direction of the Required Lenders) so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Agent and the Lenders and deliver such payments to the Agent on account of the applicable Guaranteed Obligations (including all Post-Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

Appears in 2 contracts

Samples: Credit Agreement (AbitibiBowater Inc.), Senior Secured Superpriority Debtor in Possession Credit Agreement (AbitibiBowater Inc.)

Turn-Over. After the occurrence and during the continuance of any Default or Event of DefaultDefault (including the commencement and continuation of any Insolvency Proceeding relating to Borrower), each Guarantor shall, if the Agent (with the consent or at the direction of the Required Lenders) so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Agent and the Lenders and deliver such payments to the Agent on account of the applicable Guaranteed Obligations (including any and all Disallowed Post-Petition InterestCommencement Interest and Expenses), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

Appears in 1 contract

Samples: Guaranty (Lam Research Corp)

Turn-Over. After the occurrence and during the continuance of any Event Default (including the commencement and continuation of Defaultany Debtor Relief Proceeding relating to either Borrower), each Guarantor shall, if the Agent (with the consent or at the direction of the Required Lenders) so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Agent and the Lenders and deliver such payments to the Agent on account of the applicable Guaranteed Obligations (including any and all Disallowed Post-Petition InterestCommencement Interest and Expenses), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

Appears in 1 contract

Samples: Credit Agreement (Flextronics International LTD)

Turn-Over. After Subject to the Intercreditor Agreement, after the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Agent (with the consent or at the direction of the Required Lenders) so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Agent and the Lenders and deliver such payments to the Agent on account of the applicable Guaranteed Obligations (including all Post-Petition Interest), together with any necessary endorsements en orsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

Appears in 1 contract

Samples: Debtor in Possession Loan Agreement

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