Dealing with the Mortgaged Property. Subject to Section 7.02, the Mortgagee shall have the right to release any portion of the Mortgaged Property, or grant or consent to the granting of any Lien affecting any portion of the Mortgaged Property, to or at the request of the Mortgagor, for such consideration as the Mortgagee may require without, as to the remainder of the Mortgaged Property, in any way impairing or affecting the Lien or priority of this Mortgage, or improving the position of any subordinate lienholder with respect thereto, or the position of any guarantor, endorser, co-maker or other obligor of the Secured Obligations, except to the extent that the Secured Obligations shall have been reduced by any actual monetary consideration received for such release and applied to the Secured Obligations, and may accept by assignment, pledge or otherwise any other property in place thereof as the Mortgagee may require without being accountable therefor to any other lienholder.
Dealing with the Mortgaged Property. Subject to Section 7.02, the Mortgagee shall have the right to release any portion of the Mortgaged Property to or at the request of the Mortgagor, for such consideration as the Mortgagee may require without, as to the remainder of the Mortgaged Property, in any way impairing or affecting the Lien or priority of this Mortgage, or improving the position of any subordinate lienholder with respect thereto, or the position of any guarantor, endorser, co-maker or other obligor of the Secured Obligations, except to the extent that the Secured Obligations shall have been reduced by any actual monetary consideration received for such release and applied to the Secured Obligations, and may accept by assignment, pledge or otherwise any other property in place thereof as the Mortgagee may require without being accountable therefor to any other lienholder.
Dealing with the Mortgaged Property. (A) Subject to Section 7.01, the Mortgagee shall have the right to release any portion of the Mortgaged Property, and (B) as provided for in clause (iv) of the penultimate paragraph preceding Article I, or in connection with any liens that are junior and subordinate to the Liens granted hereunder, the Mortgagee shall have the right to grant or consent to the granting of any Lien affecting any portion of the Mortgaged Property in each of the foregoing cases, for such consideration as the Mortgagee may require without, as to the remainder of the Mortgaged Property, in any way impairing or affecting the Lien or priority of this Mortgage, improving the position of any subordinate lienholder with respect thereto or impairing or affecting the rights of any maker, guarantor, endorser, co-maker or other obligor of the Secured Obligations, except to the extent that the Secured Obligations shall have been reduced by any actual monetary consideration received for such release and applied to the Secured Obligations in accordance with Section 5.06, and may accept by assignment, pledge or otherwise any other property in place thereof as the Mortgagee may require without being accountable therefor to any other lienholder.
Dealing with the Mortgaged Property. The Mortgagee shall have the right to release any portion of the Mortgaged Property from the Lien of this Mortgage for such consideration as the Mortgagee may require, or without consideration, without, as to the remainder of the Mortgaged Property, in any way impairing or affecting the Lien or priority of this Mortgage, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the Secured Obligations shall have been reduced by any actual monetary consideration received for such release and applied to the Secured Obligations, and may accept by assignment, pledge or otherwise any other property in place thereof as the Mortgagee may require without being accountable therefor to any other lienholder.
Dealing with the Mortgaged Property. Subject to Section 3.05, Mortgagee shall have the right to release any portion of the Mortgaged Property to or at the request of Mortgagor, for such consideration as Mortgagee may require without, as to the remainder of the Mortgaged Property, in any way impairing or affecting the Lien or priority of this Mortgage, or improving the position of any subordinate lienholder with respect thereto, or the position of any guarantor, endorser, co-maker or other obligor of the Obligations, except to the extent that the Obligations shall have been reduced by any actual monetary consideration received for such release and applied to the Obligations, and may accept by assignment, pledge or otherwise any other property in place thereof as Mortgagee may require without being accountable therefor to any other lienholder.
Dealing with the Mortgaged Property. Notwithstanding Section 4.1 (Mortgage) above, until the occurrence of an Event of Default and provided that the Mortgagor has not been discharged from the Mortgage hereby created, the Mortgagor will: deal with its property within the Mortgaged Property in the ordinary course of its business but in any case only as permitted under the Loan Agreement; and collect, get in and realise all the respective Proceeds in the ordinary course of its business but in any case only as permitted under the Loan Agreement.
