Secured Party's Discretion. After the occurrence and during the continuation of any uncured Event of Default Secured Party and its designee may take or fail to take whatever action with respect to the collection of such Payments and receipt of such funds as Secured Party or such designee, in their reasonable but sole discretion, shall deem proper. Regardless of any such action Secured Party may or may not take, the provisions of Section 9 which govern prepayment will remain in force and shall be unaffected by any such action or failure to act on Secured Party's part.
Appears in 2 contracts
Samples: Revolving Credit Agreement and Assignment (Resource America Inc), Revolving Credit Agreement and Assignment (Lease Equity Appreciation Fund I Lp)
Secured Party's Discretion. After the occurrence and during the continuation of any uncured Event of Default Default, Secured Party and its designee may take or fail to take whatever action with respect to the collection of such Payments and receipt of such funds as Secured Party or such designee, in their reasonable but sole discretion, shall deem proper. Regardless of any such action Secured Party may or may not take, the provisions of Section 9 which govern prepayment will remain in force and shall be unaffected by any such action or failure to act on Secured Party's part.
Appears in 2 contracts
Samples: Revolving Credit Agreement and Assignment (Lease Equity Appreciation Fund I Lp), Revolving Credit Agreement and Assignment (Lease Equity Appreciation Fund I Lp)
Secured Party's Discretion. After the occurrence and during the continuation of any uncured Event of Default Secured Party and its designee may take or fail to take whatever action with respect to the collection of such Payments and receipt of such funds as Secured Party or such designee, in their reasonable but sole discretion, shall deem proper. Regardless of any such action Secured Party may or may not take, the provisions of Section 9 10 which govern prepayment Prepayment will remain in force and shall be unaffected by any such action or failure to act on Secured Party's part.
Appears in 1 contract
Samples: Revolving Credit Agreement and Assignment (Lease Equity Appreciation Fund I Lp)