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, with or without proceeding with such sale or foreclosure or demanding payment or performance of the Obligations, without notice, terminate Lender's further performance under this Agreement or any other agreement or agreements between Lender and the Borrower, without further liability or obligation by Lender, and may also, at any time, appropriate and apply on any Obligations any and all Collateral in its (or the Lockbox Agent's) possession, any and all balances, credits, deposits, account, reserves, indebtedness or other moneys due or owing to the Borrower held by Lender hereunder or under any other financing agreement or otherwise, whether accrued or not. Neither such termination, nor the termination of this Agreement by lapse of time, the giving of notice or otherwise, shall absolve, release or otherwise affect the liability of the Borrower in respect of transactions prior to such termination, or affect any of the Liens, security interests, rights, powers and remedies of Lender, but they shall, in all events, continue until all of the Obligations are satisfied.

Application of Collateral; Termination of Agreements. Upon the occurrence of any Event of DefaultDefault until cured (if applicable) and the cure accepted by Lender , Lender may, with or without proceeding with such sale or foreclosure or demanding payment or performance of the Obligations, without notice, terminate Lender's further performance under this Agreement or any other agreement or agreements between Lender and the Borrower, without further liability or obligation by Lender, and may also, at any time, appropriate and apply on against any Obligations any and all Collateral in its (or the Lockbox Agent's) possession, any and all balances, credits, deposits, accountaccounts, reserves, indebtedness or other moneys due or owing to the Borrower held by Lender hereunder or under any other financing agreement or otherwise, whether accrued or not. Neither such termination, nor the termination of this Agreement by lapse of time, the giving of notice or otherwise, shall absolve, release or otherwise affect the liability of the Borrower in respect of transactions prior to such termination, or affect any of the Liens, security interests, rights, powers and remedies of Lender, but they shall, in all events, continue until all of the Obligations are satisfied.

Application of Collateral; Termination of Agreements. Upon the occurrence of any Event of Default, Lender may, with or without proceeding with such sale or foreclosure or demanding payment or performance of the Obligations, without notice, terminate Lender's further performance under this Agreement or any other agreement or agreements between Lender and the Borrower or any Affiliate of Borrower, without further liability or obligation by Lender, and may also, at any time, appropriate and apply on any Obligations any and all Collateral in its (or the Lockbox Agent's) possession, any and all balances, credits, deposits, accountaccounts, reserves, indebtedness or other moneys due or owing to the Borrower held by Lender hereunder or under any other financing agreement or otherwise, whether accrued or not. Neither such termination, nor the termination of this Agreement by lapse of time, the giving of notice or otherwise, shall absolve, release or otherwise affect the liability of the Borrower in with respect of to transactions prior to such termination, or affect any of the Liens, security interests, rights, powers and remedies of Lender, but they shall, in all events, continue until all of the Obligations are satisfied.

Application of Collateral; Termination of Agreements. Upon the ----------------------------------------------------- occurrence and during the continuance of any Event of Default, Lender may, with or without proceeding with such sale or foreclosure or demanding payment or performance of the ObligationsIndebtedness, without prior notice, terminate Lender's further performance under this Agreement or any other agreement or agreements between Lender and the Borrower, without further liability or obligation by Lender, and may also, at any time, appropriate and apply on any Obligations Indebtedness any and all Collateral in its (or the Lockbox Agent's) possession, any and all balances, credits, deposits, accountaccounts, reserves, indebtedness or other moneys due or owing to the Borrower held by Lender hereunder or under any other financing agreement or otherwise, whether accrued or not. Neither such termination, nor the termination of this Agreement by lapse of time, the giving of notice or otherwise, shall absolve, release or otherwise affect the liability of the Borrower in respect of transactions prior to such termination, or affect any of the Liens, security interests, rights, powers and remedies of Lender, but they shall, in all events, continue until all of the Obligations are Indebtedness is satisfied.

Application of Collateral; Termination of Agreements. Upon the occurrence of any Event of Default, Lender TFC may, with or without proceeding with such sale or foreclosure or demanding payment or performance of the Obligations, without notice, terminate LenderTFC's further performance under this Loan Agreement or any other agreement or agreements between Lender TFC and the BorrowerSPV or any Affiliate of SPV, without further liability or obligation by LenderTFC, and may also, at any time, appropriate and apply on any Obligations any and all Collateral in its (or the Lockbox Account Agent's) possession, any and all balances, credits, deposits, accountaccounts, reserves, indebtedness or other moneys due or owing to the Borrower SPV held by Lender TFC hereunder or under any other financing agreement or otherwise, whether accrued or not. Neither such termination, nor the termination of this Loan Agreement by lapse of time, the giving of notice or otherwise, shall absolve, release or otherwise affect the liability of the Borrower SPV in respect of transactions prior to such termination, or affect any of the Liens, security interests, rights, powers and remedies of LenderTFC, but they shall, in all events, continue until all of the Obligations and Parallel Claims are satisfied.

Application of Collateral; Termination of Agreements. Upon the occurrence of any Event of Default, the Lender may, with or without proceeding with such sale or foreclosure or demanding payment or performance of the Obligations, without notice, terminate the Lender's further performance under this Agreement or any other agreement or agreements between Lender and the BorrowerAgreement, without further liability or obligation by the Lender, and may also, at any time, appropriate and apply on (as provided below) to any Obligations any and all Collateral in its (or the Lockbox Agent's) possession, possession and any and all balances, credits, deposits, accountaccounts, reserves, indebtedness or other moneys monies due or owing to the Borrower Debtor held by the Lender hereunder or under any other financing agreement or otherwise, whether accrued or not. Neither such termination, nor the termination of this Agreement by lapse of time, the giving of notice or otherwise, shall absolve, release or otherwise affect the liability of the Borrower Debtor in respect of transactions prior to such termination, or affect any of the Liens, security interests, rights, powers and remedies of Lenderthe Lender hereunder, but they shall, in all events, continue until all of the Obligations are satisfied.