Common use of No Obligation to Apply Proceeds; No Cure Clause in Contracts

No Obligation to Apply Proceeds; No Cure. Nothing in this Section 16.5 shall obligate the Lender to apply all or any portion of the proceeds of any Additional Collateral Letter of Credit to cure any default under the Loan Documents or to reduce the indebtedness evidenced by any Note. No application of proceeds of any Additional Collateral Letter of Credit by Lender shall be deemed to cure any default.

No Obligation to Apply Proceeds; No Cure. Nothing in this Section 16.5 22.1 shall obligate the Lender to apply all or any portion of the proceeds of any Additional Collateral the Impounds Letter of Credit to cure any default under the Loan Documents or to reduce the indebtedness evidenced by any Note. No application of proceeds of any Additional Collateral the Impounds Letter of Credit by Lender shall be deemed to cure any default.

No Obligation to Apply Proceeds; No Cure. Nothing in this Section 16.5 23.6 shall obligate the Lender to apply all or any portion of the proceeds of any Additional Collateral the Cap Letter of Credit to cure any default under the Loan Documents or to reduce the indebtedness evidenced by any Notethe Notes. No application of proceeds of any Additional Collateral the Cap Letter of Credit by Lender shall be deemed to cure any default.

No Obligation to Apply Proceeds; No Cure. Nothing in this Section 16.5 shall obligate the Lender to apply all or any portion of the proceeds of any Additional Collateral Letter of Credit Permitted Investments to cure any default under the Loan Documents or to reduce the indebtedness evidenced by any Note. No application of proceeds of any Additional Collateral Letter of Credit Permitted Investments by Lender shall be deemed to cure any default.