Common use of Xxxxxx’s Rights to the Collection Account Clause in Contracts

Xxxxxx’s Rights to the Collection Account. Except as otherwise provided in Section 8.03(d), the Lender may, at any time and without notice to, or consent from, the Borrower, transfer, or direct the transfer of, funds from the Collection Account to satisfy the Borrower’s obligations under the Facility Documents if an Event of Default shall have occurred (as determined by Lender in its sole discretion).