Common use of Existing Defaults Clause in Contracts

Existing Defaults. Unless and only to the extent expressly provided herein, this Agreement applies only to the Existing Defaults, the Enforcement Notice Default, and the 2005 Tax Default and does not affect or limit GECC’s rights or remedies in any way with respect to any other or future act or omission (including any breach of the terms of this Agreement by Borrower, and further including, but not limited to, the conditions set forth herein) that may constitute a default by Borrower, or with respect to any default or Event of Default resulting from prior acts or omissions by Borrower other than the Existing Defaults, the Enforcement Notice Default, and the 2005 Tax Default.

Existing Defaults. Unless and only to the extent expressly provided herein, this Agreement applies only to the Existing Defaults, Defaults and the Enforcement Notice Default, and the 2005 Tax Default and does not affect or limit GECC’s rights or remedies in any way with respect to any other or future act or omission (including any breach of the terms of this Agreement by Borrower, and further including, but not limited to, the conditions set forth herein) that may constitute a default by Borrower, or with respect to any default or Event of Default resulting from prior acts or omissions by Borrower other than the Existing Defaults, Defaults and the Enforcement Notice Default, and the 2005 Tax Default.