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<br /> � abligations of the Trust and the Other Horrower under the L.oan Docuznents and the
<br /> ; �;�,;�, (�ther L.oan Documents.
<br /> .,,,,,,,,.
<br /> 3. Absolute Assic!nment: Notice of Default; Power of Attornev.
<br /> Notwithstanding anything hercin to the contrary, this Assignment is intendecl to be an �
<br /> absolute assignment from Assignor to Assignee and not msrely the passing of a security
<br /> interest. Until the occurrence of an Event af Default under any of the I1nan ���
<br /> Documents, Assignor may retain, use and enjoy the benefits of the Additional Collateral. �. ��
<br /> Upon the occunence of an Event �f Default under any of the Loan Documents, the �`='`�
<br /> �� license described in the precedIng sentence shall, upon Assignee's election,be °���`L
<br /> atitomatically revoked, and Assignee may elect t�exercise any and all of Assipnee's rights =:ti:-
<br /> and remedies hereunder. Notwithstanding the foregoing, upon the election by flssi�nee :-
<br /> � to terminate the Management Agreement in accordance with Section 5.1 of the Loan --_�
<br />_ Agreement, the foregoing described license shall be revoked. Upon such an elecdon, ���1'
<br /> Assignee shall promptly provide Assignor with notice of same. Assignor hereby --
<br /> • inevo�ably eonstitutes and appoints Assignee(and any of its officers)as its true and -
<br />_ � ��S , lawful agent and attomey-in-fact (with full powers of substitution), to dernand,receive -
<br /> and enforce Assignor's rights with respect to the Additional Collateral,to give -
<br /> appropriate receipts, releases,and satisfactions for and on behalf of Assignor and to do -
<br />- � any and all acts in the name, place, and stead of Assignor or in the name of Assignee
<br /> with the same force and effect as Assignor could do if ihis i�►ssignmeni had noi occn =
<br />_-Y' ..' . made. Th� power-of attomey granted herein is deemed to be a power coupled with an
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<br />--:�,;,;-.., ;� interest and shall not terminate until the expiration or terinination of this Assignment.
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<br /> =-- :,�.::�;; 4. Remedies. -
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<br />�aM1��T��'^'�` 4.1. Upon the occurrence of an Event of Default, Assignee may ��:^.
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<br /> --- elect to exercise any and all of Assignor's rights and remediss to, upon and under the �'`;
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