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<br />2007101.41 <br /> <br />2.10 Assignment of Leases and Grantor Collection of Rents and Profits. <br /> <br />(a) The Grantor hereby authorizes and directs any lessees or tenants of the <br />Premises that, upon written notice from the Administrative Agent, all Rents and Profits <br />and all payments required under the Leases, or in any way respecting same, shall be made <br />directly to the Administrative Agent as they become due. The Grantor hereby relieves <br />said lessees and tenants from any liability to the Grantor by reason of said payments <br />being made to the Administrative Agent. Nevertheless, until the Administrative Agent <br />notifies in writing said lessees and tenants to make such payments to the Administrative <br />Agent, the Grantor shall be entitled to collect all such Rents and Profits and/or payments. <br />The Administrative Agent is hereby authorized to give such notification upon the <br />occurrence of any Event of Default. <br /> <br />(b) Any and all Rents and Profits collected by the Administrative Agent shall <br />be applied in the manner set forth in the Credit Agreement. Receipt by the <br />Administrative Agent of such Rents and Profits shall not constitute a waiver of any right <br />that the Administrative Agent may enjoy under this Deed of Trust, the Credit Agreement <br />or under the laws of the State in which the Premises is located, nor shall the receipt and <br />application thereof cure any default hereunder nor affect any foreclosure proceeding or <br />any sale authorized by this Deed of Trust, the Credit Agreement and the laws of the State <br />in which the Premises is located. <br /> <br />(c) The Administrative Agent does not consent to, does not assume and shall <br />not be liable for any obligation of the lessor under any of the Leases and all such <br />obligations shall continue to rest upon the Grantor as though this assignment had not been <br />made. The Administrative Agent shall not be liable for the failure or inability to collect <br />any Rents and Profits. <br /> <br />ARTICLE III <br /> <br />Event of Default <br /> <br />An event of default ("Event of Default") shall exist under the terms of this Deed of Trust <br />upon the occurrence and during the continuance of an Event of Default (as defined in the Credit <br />Agreement) under the terms ofthe Credit Agreement. <br /> <br />ARTICLE IV <br /> <br />Acceleration; Foreclosure <br /> <br />4.1 Acceleration of Secured Obligations. Upon the occurrence and during the <br />continuance of an Event of Default, the Administrative Agent shall at the request of, or may, <br />with the consent of, the Required Lenders, declare the entire balance of all or any portion of the <br /> <br />CHAR2\I056808v2 <br /> <br />7 <br />