Common use of Use of Collateral Clause in Contracts

Use of Collateral. For so long as no event of default shall have occurred and be continuing under this Note, Maker shall be entitled to use and possess the Collateral and to exercise its rights, title and interest in all contracts, agreements, and licenses subject to the rights, remedies, powers and privileges of Holder under this Note and to such use, possession or exercise not otherwise constituting an event of default. Notwithstanding anything herein to the contrary, Maker shall remain liable to perform its duties and obligations under the contracts and agreements included in the Collateral in accordance with their respective terms to the same extent as if this Note had not been executed and delivered; the exercise by Holder of any right, remedy, power or privilege in respect of this Note shall not release the Maker from any of its duties and obligations under such contracts and agreements; and Holder shall have no duty, obligation or liability under such contracts and agreements included in the Collateral by reason of this Note, nor shall Holder be obligated to perform any of the duties or obligations of Maker under any such contract or agreement or to take any action to collect or enforce any claim (for payment) under any such contract or agreement.

Use of Collateral. For so long as no event of default shall have occurred and be continuing under this Note, Maker shall be entitled to use and possess the Collateral and to exercise its rights, title and interest in all contracts, agreements, and licenses subject to the rights, remedies, powers and privileges of Holder under this Note and to such use, possession or exercise not otherwise constituting an event of default, free of all influence, actual or potential from the Holder, absent a material default. Notwithstanding anything herein to the contrary, Maker shall remain liable to perform its duties and obligations under the contracts and agreements included in the Collateral in accordance with their respective terms to the same extent as if this Note had not been executed and delivered; the exercise by Holder of any right, remedy, power or privilege in respect of this Note shall not release the Maker from any of its duties and obligations under such contracts and agreements; and Holder shall have no duty, obligation or liability under such contracts and agreements included in the Collateral by reason of this Note, nor shall Holder be obligated to perform any of the duties or obligations of Maker under any such contract or agreement or to take any action to collect or enforce any claim (for payment) under any such contract or agreement.

Use of Collateral. For so long as no event of default shall have occurred and be continuing under this NoteAgreement, Maker GAIF shall be entitled to use and possess the Collateral and to exercise its rights, title and interest in all contracts, agreements, agreements and licenses subject to the rights, rights remedies, powers and privileges of Holder NCG under this Note Agreement and to such use, possession or exercise not otherwise constituting an event of default. Notwithstanding anything herein to the contrary, Maker GAIF shall remain liable to perform its duties and obligations under the contracts and agreements included in the Collateral in accordance with their respective terms term to the same extent as if this Note Agreement had not been executed and delivered; the exercise by Holder NCG of any right, remedy, power or privilege in respect of this Note Agreement shall not release the Maker GAIF from any of its duties and obligations under such contracts and agreements; and Holder NCG shall have no duty, obligation or liability under such contracts and agreements included in the Collateral by reason of this NoteAgreement, nor shall Holder NCG be obligated to perform any of the duties or obligations of Maker GAIF under any such contract or agreement or to take tab any action to collect or enforce any claim (for payment) under any such contract or agreement.