No Merger of Rights. If Borrower's and Lender's estates become the same including, without limitation, upon the delivery of a deed by Borrower in lieu of a foreclosure sale, or upon a purchase of the Property by Lender in a foreclosure sale, this Security Instrument, the Mortgage and the liens created hereby shall not be destroyed or terminated by the application of the doctrine of merger of rights and in such event Lender shall continue to have and enjoy all of the rights and privileges of Lender as to the separate estates; and, as a consequence thereof, upon the foreclosure of the liens created by this Security Instrument and the Mortgage, any Leases or subleases then existing and created by Borrower shall not be destroyed or terminated by application of the law of merger or as a result of such foreclosure unless Lender or any purchaser at any such foreclosure sale shall so elect. No act by or on behalf of Lender or any such purchaser shall constitute a termination of any Lease or sublease unless Lender or such purchaser shall give written notice thereof to such lessee or sublessee.
No Merger of Rights. (a) Except as provided by item 9.3(c), an exercise by AEMO of its rights under item 9 does not:
a) relieve the Reserve Provider of any of its obligations under the reserve contract; or
b) merge, extinguish, postpone or lessen any right AEMO may have against the Reserve Provider under the reserve contract.
(b) An exercise by AEMO of its rights to call on a Bank Guarantee under item 9 does not extinguish the Bank Guarantee and does not prevent a later exercise by AEMO of its rights to make a further call on the Bank Guarantee.
No Merger of Rights. Except as provided by clause 10.3(c), an exercise by AEMO of its rights under clause 10 does not:
