Common use of Use and Enjoyment Clause in Contracts

Use and Enjoyment. 5.1. This security cession operates in respect of all rights, powers and privileges attaching to the Rights and Interests. In the event of any breach or failure timeously to pay or to perform any of the Obligations, the Cedentshall, if Land Bank so directs, exercise those rights, powers and privileges in its own name on behalf of Land Bank in accordance with Land Bank’s directions or Land Bank may exercise those rights, powers and privileges in its capacity as security cessionary. 5.2. The Cedent acknowledges that it may not cede, assign, transfer or in any other manner encumber, discount, factor, prejudice, compromise, grant any indulgences or agree to vary the terms of any document in respect of the Rights and Interests, or deal with the Rights and Interests, without the prior written consent of Land Bank. 5.3. For the avoidance of doubt, for so long as there is no breach or failure timeously to pay or to perform any of the Obligations, the Cedentshall (in each case on behalf of Land Bank) be entitled to enforce and receive payment for, delivery of, and/or performance in respect of the Rights and Interests in the ordinary course of business. 5.4. For so long as there is no breach or failure timeously to pay or to perform any of the Obligations, the Cedent shall be entitled to appropriate amounts collected in respect of the Rights and Interests to its own use.

Use and Enjoyment. 5.1. This security cession operates in respect of all rights, powers and privileges attaching to the Rights and Interests. In the event of any breach or failure timeously to pay or to perform any of the Obligations, the CedentshallCedent shall, if Land Bank so directs, exercise those rights, powers and privileges in its own name on behalf of Land Bank in accordance with Land Bank’s directions or Land Bank may exercise those rights, powers and privileges in its capacity as security cessionary. 5.2. The Cedent acknowledges that it may not cede, assign, transfer or in any other manner encumber, discount, factor, prejudice, compromise, grant any indulgences or agree to vary the terms of any document in respect of the Rights and Interests, or deal with the Rights and Interests, without the prior written consent of Land Bank. . 5.3. For the avoidance of doubt, for so long as there is no breach or failure timeously to pay or to perform any of the Obligations, the Cedentshall Cedent shall (in each case on behalf of Land Bank) be entitled to enforce and receive payment for, delivery of, and/or performance in respect of the Rights and Interests in the ordinary course of business. 5.4. For so long as there is no breach or failure timeously to pay or to perform any of the Obligations, the Cedent shall be entitled to appropriate amounts collected in respect of the Rights and Interests to its own use.