Common use of Retention of Certain Rights Clause in Contracts

Retention of Certain Rights. So long as Lender has not exercised remedies with respect to the Collateral under this Agreement or any other Credit Document upon the occurrence and during the continuance of an Event of Default, Grantor reserves all rights with respect to the Collateral (except as limited by the Credit Documents), including all rights to use, apply, modify, dispose of or otherwise deal with such Collateral, except as limited by the Credit Documents.

Retention of Certain Rights. So long as Lender has not exercised remedies with respect to the Collateral under this Agreement or any other Credit Financing Document upon the occurrence and during the continuance continuation of an Event of Default, Grantor reserves all rights with respect to the Collateral owned by it (except as limited by the Credit Financing Documents), including all rights to use, apply, modify, dispose of or otherwise deal with such Collateral, Collateral (except as limited by the Credit Financing Documents).