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: Day Credit Agreement (Omnicom Group Inc.), Year Credit Agreement (Omnicom Group Inc), Five Year 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 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: Collateral Agreement (U.S. Well Services, Inc.)

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 Administrative Agent so requests, use commercially reasonable efforts to collect, enforce and receive payments on account of the Subordinated Obligations Debt owed to it by any Loan Parties as trustee for the Agent and the Lenders Secured Parties and deliver such payments to the Administrative 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 1 contract

Samples: Subsidiary Guaranty (McDermott International Inc)

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Turn-Over. After the occurrence and during the continuance of any Event of Default under Default, but subject to the notice provisions described in Section 6.01(e), the 10 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 1 contract

Samples: Purchase Money Loan and Security Agreement (SAExploration Holdings, Inc.)

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