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 Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for Agent and the Lenders and deliver such payments to Agent on account of the Guaranteed Obligations, together with any necessary endorsements or other instruments of transfer.

Appears in 2 contracts

Sources: Credit and Security Agreement (XBP Global Holdings, Inc.), Credit and Security Agreement (XBP Global Holdings, Inc.)

Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Collateral Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for Agent and the Lenders Secured Parties and deliver such payments to the Collateral Agent on account of the Guaranteed Obligations, 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 Agreement.

Appears in 2 contracts

Sources: Guaranty (ReAble Therapeutics Finance LLC), Guaranty (Encore Medical, L.P.)

Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Collateral Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for Agent and the Lenders Secured Parties and deliver such payments to the Collateral Agent on account of the Guaranteed ObligationsObligations (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 1 contract

Sources: Credit Agreement (Neustar Inc)

Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Collateral Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for Agent and the Lenders Secured Parties and deliver such payments to the Administrative Agent on account of the Guaranteed ObligationsObligations (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 1 contract

Sources: First Lien Credit and Guaranty Agreement (Kgen Power Corp)

Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Collateral Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for Agent and the Lenders Secured Parties and deliver such payments to the Collateral Agent on account of the Guaranteed ObligationsObligations (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 Agreement.

Appears in 1 contract

Sources: First Lien Guarantee and Collateral Agreement (Covalence Specialty Adhesives LLC)

Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Collateral Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for Agent and the Lenders Secured Parties and deliver such payments to the Collateral Agent (for the benefit of the Secured Parties) on account of the Guaranteed ObligationsObligations (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 Agreement.

Appears in 1 contract

Sources: Guarantee and Collateral Agreement (Noranda Aluminum Acquisition CORP)

Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Collateral Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Collateral Agent and the Lenders Buyers and deliver such payments to the Collateral Agent on account of the Guaranteed ObligationsObligations (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 1 contract

Sources: Guaranty (Digital Domain Media Group, Inc.)

Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Collateral Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for Agent and the Lenders Guaranteed Parties and deliver such payments to the Administrative Agent on account of the Guaranteed ObligationsObligations (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 1 contract

Sources: Credit and Guaranty Agreement (Macquarie Infrastructure Corp)

Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if a Collateral Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for Agent and the Lenders Secured Parties and deliver such payments to the Collateral Agent (for the benefit of the Secured Parties and subject to the terms of the Intercreditor Agreement) on account of the Guaranteed ObligationsObligations (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 Agreement.

Appears in 1 contract

Sources: Second Lien Bridge Credit Agreement (Berry Global Group Inc)

Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for Agent and the Lenders Secured Parties and deliver such payments to the Agent on account of the Guaranteed ObligationsSecurities 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 Agreement.

Appears in 1 contract

Sources: Collateral Agreement (Aeroways, LLC)

Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Collateral Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for Agent and the Lenders Secured Parties and deliver such payments to the Collateral Agent on account of the Guaranteed ObligationsObligations (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 1 contract

Sources: Credit Agreement (Neustar Inc)