Rail Spur. The Borrower will maintain all of its rights and interest with respect to the Rail Spur. Borrower shall permit no surrender nor assignment of the Borrower’s interest in the Rail Spur and Borrower will not modify or amend the terms of any agreement pertaining to the Rail Spur nor excuse or waive any default thereunder without the prior written consent of Lender.
Appears in 2 contracts
Sources: Loan and Security Agreement (REX AMERICAN RESOURCES Corp), Revolving Credit and Security Agreement (REX AMERICAN RESOURCES Corp)