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201007174 2.1 ]. Releases and Waivers. The Grantor agrees that no release by the Agent or the Trustee of any portion of the Premises, the Rents and Profits ar the Intangible Personalty, no subordination of any lien, no forbearance on the part of the Lenders or the Agent to collect on the Secured Obligations, or any part thereof, no waiver of any right granted or remedy available to the Agent or the Trustee and no action taken or not taken by the Agent or the Trustee shall in any way have the effect of releasing the Grantor from full responsibility to the Lenders and the Agent for the complete discharge of each and every of the Grantor's obligations hereunder. 2.12 Au horizations: Restrictions. All certifications, permits, licenses, authorizations, orders, exemptions, franchises and/or approvals, including, without limitation, certificates of completion and occupancy, licenses, permits required in order to use, occupy or operate all or any portion of the Premises for its current purpose (the "Authorizations") have been obtained and are in full force and effect, except to the extent the failure to maintain such Authorizations would not have a Material Adverse Effect. Except to the extent permitted by the Financing Documents, the Grantor will not amend, supplement, cancel, surrender, allow to expire (other than expiration of the term thereof), terminate, release or waive any Authorization, or any material provision thereof without the prior written consent of the Agent. Except to the extent permitted by the Financing Documents, the Grantor will not initiate, join in, or consent to any change in the current use of the Premises or in any zoning ordinance, private restrictive covenant, assessment proceedings or other public or private restriction limiting or restricting the uses that may be made of the Premises or any part thereof or any operations thereon without the prior written consent of the Agent. 2.13 Assi ent of Leases and Grantor Collection of Rents and Profits. (a) The Grantor hereby authorizes and directs any lessees or tenants of the Premises that, upon written notice from the Agent, all Rents and Profits and all payments required under the Leases, ar in any way respecting same, shall be made directly to the Agent as they become due. The Grantor hereby relieves said lessees and tenants from any liability to the Grantor by reason of said payments being made to the Agent. Nevertheless, until the Agent notifies in writing said lessees and tenants to make such payments to the Agent, the Grantor shall be entitled to collect all such Rents and Profits and/or payments. The Agent is hereby authorized to give such notification upon the occurrence of any Event of Default (after giving effect to any applicable grace or cure periods). (b) Any and all Rents and Profits collected by the Agent maybe applied in the manner set forth in the Credit Agreement or the Intercreditor Agreement. Receipt by the Agent of such Rents and Profits shall not constitute a waiver of any right that the Agent may enjoy under this Security Instrument, the Credit Agreement or under the laws of the state in which the Premises is located, nor shall the receipt and application thereof cure any default hereunder nor affect any foreclosure proceeding or any sale authorized by this Security Instrument, the Credit Agreement and the laws of the state in which the Premises is located. CHARIU 1825D3v1 g