Common use of Turnover of Cash Collateral After Discharge Clause in Contracts

Turnover of Cash Collateral After Discharge. Upon the Discharge of ABL Obligations, the ABL Agent shall deliver to the Note Collateral Representative or shall execute such documents as the Company or the Note Collateral Representative (if other than a Designated Additional Agent) may reasonably request to enable the Note Collateral Representative to have control over any Cash Collateral or Control Collateral still in the ABL Agent’s possession, custody, or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. Upon the Discharge of Note Collateral Obligations, the Note Collateral Representative shall deliver to the ABL Agent or shall execute such documents as the ABL Agent may reasonably request to enable the ABL Agent to have control over any Cash Collateral or Control Collateral still in the Note Collateral Representative’s possession, custody or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. As between (i) the Note Collateral Representative and (ii) the Note Agent and any Additional Agent (other than the Note Collateral Representative), any such Cash Collateral or Control Collateral held by the Note Collateral Representative shall be held by it subject to the terms and conditions of Section 2.2.

Turnover of Cash Collateral After Discharge. Upon the Discharge of ABL Collateral Obligations, the ABL Agent Collateral Representative shall deliver to the Note Term Loan Collateral Representative or shall execute such documents as the Company or the Note Term Loan Collateral Representative (if other than a Designated Additional Agent) may reasonably request to enable the Note Term Loan Collateral Representative to have control over any Cash Control Collateral or Control Cash Collateral still in the ABL AgentCollateral Representative’s possession, custody, or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. Upon the Discharge of Note Term Loan Collateral Obligations, the Note Term Loan Collateral Representative shall deliver to the ABL Agent Collateral Representative or shall execute such documents as the ABL Agent Collateral Representative may reasonably request to enable the ABL Agent Collateral Representative to have control over any Cash Control Collateral or Control Cash Collateral still in the Note Term Loan Collateral Representative’s possession, custody or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. As between (i) the Note Term Loan Collateral Representative and (ii) the Note Term Loan Agent and any Additional Term Agent (other than the Note Term Loan Collateral Representative), any such Cash Control Collateral or Control Cash Collateral held by the Note Term Loan Collateral Representative shall be held by it subject to the terms and conditions of Section 2.2.

Turnover of Cash Collateral After Discharge. Upon the Discharge of ABL Obligations, the ABL Agent shall deliver to the Note Term Loan Collateral Representative or shall execute such documents as the Company or the Note Term Loan Collateral Representative (if other than a Designated Additional Agent) may reasonably request to enable the Note Term Loan Collateral Representative to have control over any Cash Control Collateral or Control Cash Collateral still in the ABL Agent’s possession, custody, or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. As between (i) the Term Loan Collateral Representative and (ii) the Term Loan Agent and any Additional Term Agent (other than the Term Loan Collateral Representative), any such Control Collateral or Cash Collateral held by the Term Loan Collateral Representative shall be held by it subject to the terms and conditions of Section 3.2. Upon the Discharge of Note Term Loan Collateral Obligations, the Note Term Loan Collateral Representative shall shall, at the Credit Parties’ expense, deliver to the ABL Agent or shall execute such documents as the Company or the ABL Agent may reasonably request to enable the ABL Agent to have control over any Cash Control Collateral or Control Cash Collateral still in the Note Term Loan Collateral Representative’s possession, custody or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. As between (i) the Note Collateral Representative and (ii) the Note Agent and any Additional Agent (other than the Note Collateral Representative), any such Cash Collateral or Control Collateral held by the Note Collateral Representative shall be held by it subject to the terms and conditions of Section 2.2.

Turnover of Cash Collateral After Discharge. Upon the Discharge of ABL Obligations, the ABL Agent shall deliver to the Note Cash Flow Collateral Representative or shall execute such documents as the Company or the Note Cash Flow Collateral Representative (if other than a Designated Additional Agent) may reasonably request to enable the Note Cash Flow Collateral Representative to have control over any Cash Collateral or Control Collateral still in the ABL Agent’s possession, custody, or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. Upon the Discharge of Note All Cash Flow Collateral Obligations, the Note Cash Flow Collateral Representative shall deliver to the ABL Agent or shall execute such documents as the ABL Agent may reasonably request to enable the ABL Agent to have control over any Cash Collateral or Control Collateral still in the Note Cash Flow Collateral Representative’s possession, custody or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. As between (i) the Note Cash Flow Collateral Representative and (ii) the Note Agent and any Additional Cash Flow Collateral Agent (other than the Note Cash Flow Collateral Representative), any such Cash Collateral or Control Collateral held by the Note Cash Flow Collateral Representative shall be held by it subject to the terms and conditions of Section 2.2.

Turnover of Cash Collateral After Discharge. Upon the Discharge of ABL Obligations, the ABL Agent shall (at the ABL Borrowers’ expense) deliver to the Note Collateral Representative Controlling Term Loan/Notes Agent or shall execute such documents as the Company or the Note Collateral Representative (if other than a Designated Additional Agent) Controlling Term Loan/Notes Agent may reasonably request to enable the Note Collateral Representative Controlling Term Loan/Notes Agent to have control over any Cash Collateral or Control Collateral still in the ABL Agent’s possession, custody, or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. Upon the Discharge of Note Collateral Term Loan/Notes Obligations, the Note Collateral Representative Term Loan/Notes Agents shall (at the First Lien Term Borrower’s or the First Lien Notes Issuer’s, as the case may be, expense) deliver to the ABL Agent or shall execute such documents as the ABL Agent may reasonably request to enable the ABL Agent to have control over any Cash Collateral or Control Collateral still in the Note Collateral Representativeany Term Loan/Notes Agent’s possession, custody or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. As between (i) the Note Collateral Representative and (ii) the Note Agent and any Additional Agent (other than the Note Collateral Representative), any such Cash Collateral or Control Collateral held by the Note Collateral Representative shall be held by it subject to the terms and conditions of Section 2.2.

Turnover of Cash Collateral After Discharge. Upon the Discharge of ABL Obligations, the ABL Agent shall deliver to the Note Term Loan Collateral Representative or shall execute such documents as the Company or the Note Term Loan Collateral Representative (if other than a Designated Additional Agent) may reasonably request to enable the Note Term Loan Collateral Representative to have control over any Cash Collateral or Control Collateral still in the ABL Agent’s possession, custody, or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. Upon the Discharge of Note Term Loan Collateral Obligations, the Note Term Loan Collateral Representative shall deliver to the ABL Agent or shall execute such documents as the ABL Agent may reasonably request to enable the ABL Agent to have control over any Cash Collateral or Control Collateral still in the Note Term Loan Collateral Representative’s possession, custody or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. As between (i) the Note Term Loan Collateral Representative and (ii) the Note Term Loan Agent and any Additional Agent (other than the Note Term Loan Collateral Representative), any such Cash Collateral or Control Collateral held by the Note Term Loan Collateral Representative shall be held by it subject to the terms and conditions of Section 2.2.