Common use of Application of Collateral; Termination of Agreements Clause in Contracts

Application of Collateral; Termination of Agreements. Upon the occurrence of any Event of Default, Lender may, at any time, appropriate and apply (as provided below) to any Obligations any and all Collateral in its possession and any and all balances, credits, deposits, accounts, reserves, indebtedness or other monies due or owing to Borrower held by Lender hereunder or under any other financing agreement or otherwise, whether accrued or not.

Application of Collateral; Termination of Agreements. Upon the ---------------------------------------------------- occurrence of any an Event of Default, Lender may, at any time, appropriate and may apply (as provided below) to any against the Obligations any and all Collateral in its possession and possession, any and all balances, credits, deposits, accounts, reserves, indebtedness or other monies moneys due or owing to Borrower held by Lender hereunder or under any other financing agreement or otherwise, whether accrued or not.

Application of Collateral; Termination of Agreements. Upon On the occurrence of any an Event of Default, Lender may, at any time, appropriate and may apply (as provided below) to any Obligations against the Indebtedness any and all Collateral in its possession and possession, any and all balances, credits, deposits, accounts, reserves, indebtedness indebtedness, or other monies due or owing to Borrower held by Lender hereunder under this Agreement or under any other financing agreement or otherwise, whether accrued or not.

Application of Collateral; Termination of Agreements. Upon the occurrence of any an Event of Default, Lender may, at any time, appropriate and may apply (as provided below) to any Obligations against the Indebtedness any and all Collateral in its possession and possession, other than misdirected deposits, if any, any and all balances, credits, deposits, accounts, reserves, indebtedness or other monies moneys due or owing to Borrower held by Lender hereunder or under any other financing agreement or otherwise, whether accrued or not.