Common use of Credit Balances; Additional Collateral Clause in Contracts

Credit Balances; Additional Collateral. (a) The rights and security interests granted to Agent and Lenders hereunder shall continue in full force and effect, notwithstanding the termination of this Agreement until the Termination Date. Any reserves or balances to the credit of any Credit Party and any other Property of the Credit Parties (or any of them) in the possession of Agent or any Lender, may be held by Agent or such Lender as Other Collateral, and applied in whole or partial satisfaction of such Obligations when due, subject to the terms of this Agreement. The Liens and security interests granted to Agent, for the benefit of Lenders, in the Collateral secure payment and performance of all present and future Obligations. ​ (b) Notwithstanding Agent's security interests in the Collateral, to the extent that the Obligations are hereafter secured by any assets or Property other than the Collateral, or by the guaranty, endorsement, assets or property of any other Person, Agent shall have (subject to applicable Law) the right in its sole discretion to determine which rights, security, Liens, security interests or remedies Agent shall at any time pursue, foreclose upon, relinquish, subordinate, modify or take any other action with respect to, without in any way modifying or affecting any of such rights, security, Liens, security interests or remedies, or any of Agent's or Lenders' rights under this Agreement.

Credit Balances; Additional Collateral. (a) The rights and security interests granted to Agent and Lenders hereunder shall continue in full force and effect, notwithstanding the termination of this Agreement until the Termination Date. Any reserves or balances to the credit of any Credit Party and any other Property of the Credit Parties (or any of them) in the possession of Agent or any Lender, may be held by Agent or such Lender as Other Collateral, and applied in whole or partial satisfaction of such Obligations when due, subject to the terms of this Agreement. The Liens and security interests granted to Agent, for the benefit of Lenders, in the Collateral secure payment and performance of all present and future Obligations. ​. (b) Notwithstanding Agent's security interests in the Collateral, to the extent that the Obligations are hereafter secured by any assets or Property other than the Collateral, or by the guaranty, endorsement, assets or property of any other Person, Agent shall have (subject to applicable Law) the right in its sole discretion to determine which rights, security, Liens, security interests or remedies Agent shall at any time pursue, foreclose upon, relinquish, subordinate, modify or take any other action with respect to, without in any way modifying or affecting any of such rights, security, Liens, security interests or remedies, or any of Agent's or Lenders' rights under this Agreement.