Common use of Priority Obligations Clause in Contracts

Priority Obligations. The Obligations of Borrower shall be senior obligations of Borrower which Borrower hereby agrees to repay upon the terms and conditions set forth herein and in the other Loan Documents. Nothing contained herein or in any other Loan Document shall be deemed to be a release, waiver, discharge or impairment of this Agreement or such other Loan Documents or a release of any Collateral, or shall preclude Lender from seeking to exercise its rights hereunder or under the Security Agreement and/or any other Loan Document or exercising any power of sale contained therein in case of any Event of Default.

Priority Obligations. The Obligations of Borrower shall be senior obligations of Borrower which Borrower hereby agrees to repay upon the terms and conditions set forth herein and in the other Loan Documents. Nothing contained herein or in any other Loan Document shall be deemed to be a release, waiver, discharge or impairment of this Agreement or such other Loan Documents or a release of any CollateralCollateral given or to be given to secure the Obligations or otherwise in connection herewith, or shall preclude Lender from seeking to exercise its rights hereunder or under the Security Agreement and/or any other Loan Document or exercising any power of sale contained therein in case of any Event of Defaulthereunder.

Priority Obligations. The Obligations of Borrower shall be senior obligations of Borrower which Borrower hereby agrees to repay upon the terms and conditions set forth herein and in the other Loan Documents. Nothing contained herein or in any other Loan Document shall be deemed to be a release, waiver, discharge or impairment of this Agreement or such other Loan Documents or a release of any CollateralDocuments, or shall preclude Lender from seeking to exercise its rights hereunder or under the Security Agreement and/or any other Loan Document or exercising any power of sale contained therein in case of any Event of Defaulthereunder.