Common use of Collections; Modification of Terms Clause in Contracts

Collections; Modification of Terms. At any time following Default, Lender, without notice, in its sole and absolute discretion, may make any compromises it deems desirable, or otherwise modify the terms or rights of the Borrower with respect to any of the Collateral without notice and without otherwise discharging or affecting the Debt.

Collections; Modification of Terms. At any time following Defaultduring a Default Period, Lender, without notice, in its sole and absolute discretion, may make any compromises it deems desirable, or otherwise modify the terms or rights of the Borrower with respect to any of the Collateral without notice and without otherwise discharging or affecting the Debt.