Common use of Turn-Over Clause in Contracts

Turn-Over. After the occurrence and during the continuance of any Event of Default under Section 6.01(e), the Guarantor shall, if the Agent 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 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 the Guarantor under the other provisions of this Guaranty.

Appears in 14 contracts

Samples: Five Year Credit Agreement (Omnicom Group Inc.), 364 Day Credit Agreement (Omnicom Group Inc.), Credit Agreement (Omnicom Group Inc.)

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Turn-Over. After the occurrence and during the continuance of any Event of Default under Section 6.01(e6.01(a) or (f), the each Guarantor shall, if the Administrative Agent 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 Administrative Agent on account of the 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 the each Guarantor under the other provisions of this Guaranty.

Appears in 5 contracts

Samples: Credit Agreement (Td Ameritrade Holding Corp), Credit Agreement (Td Ameritrade Holding Corp), Credit Agreement (Td Ameritrade Holding Corp)

Turn-Over. After the occurrence and during the continuance of any Event of Default under Section 6.01(e6.01(a) or (e) (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to such Loan Party), the each Guarantor shall, if the Agent 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 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 the such Guarantor under the other provisions of this Guaranty.

Appears in 3 contracts

Samples: Credit Agreement (Chemtura CORP), Credit Agreement (Chemtura CORP), Credit Agreement (Chemtura CORP)

Turn-Over. After the occurrence and during the continuance of any Event of Default under Section 6.01(e)Default, the each Guarantor shall, if the Agent 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 Guaranteed Obligations (including all Post Petition Postpetition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of the such Guarantor under the other provisions of this Guaranty.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Genasys Inc.), Term Loan and Security Agreement

Turn-Over. After the occurrence and during the continuance of any Event of Default under Section 6.01(e)Default, the each Guarantor shall, if the Agent 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 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 the such Guarantor under the other provisions of this Guaranty.

Appears in 1 contract

Samples: Loan Agreement (Solo Cup CO)

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Turn-Over. After Upon the occurrence and during the continuance of any Event of Default under Section 6.01(e)Default, the each Guarantor shall, if the Notes Agent so requestsrequests in writing, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Agent and the Lenders Secured Parties and deliver such payments to the Notes Agent on account of the 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 the such Guarantor under the other provisions of this Guaranty.

Appears in 1 contract

Samples: Guarantee and Third Lien Collateral Agreement (U.S. Well Services, Inc.)

Turn-Over. After Upon the occurrence and during the continuance of any an Event of Default under Section 6.01(e)Default, the Guarantor shall, if the Term Loan Agent so requestsrequests in writing, 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 Term Loan Agent on account of the 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 the such Guarantor under the other provisions of this Guaranty.

Appears in 1 contract

Samples: Parent Guarantee Agreement (Kosmos Energy Ltd.)

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