Turnover of Collateral After Discharge. Upon the Discharge of Senior Lien Obligations, the Senior Lien Agent shall deliver to the Junior Lien Agent or shall execute such documents as the Junior Lien Agent may reasonably request to enable the Junior Lien Agent to have control over any Control Collateral still in the Senior Lien 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.
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Samples: Credit Agreement (Herbalife Ltd.), Abl Credit Agreement (Forterra, Inc.), Senior Lien Term Loan Credit Agreement (Forterra, Inc.)
Turnover of Collateral After Discharge. Upon the Discharge of Senior Lien Obligations, the Designated Senior Lien Agent shall deliver to the Designated Junior Lien Agent or shall execute such documents as the Designated Junior Lien Agent may reasonably request to enable the Designated Junior Lien Agent to have control over any Control Collateral still in the any Designated Senior Lien 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.
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