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<br /> ;,�,;.�����: Manager as fully as if each had expressly approved the same. Upon and durins the
<br /> - � ��'�': continuance of an Bvent of Default, Assi�nee may alsa sffect new Permits, Agreements ,
<br /> "� and Warranties, cancel or surrender existing Agreements, Permits and Warranties, alter
<br /> or amend the terms of and renew existing Agreements and Permits, and make � -
<br /> concessions to the Governmental Authorities, the Contractors,warrantors and others. To =`�*��='-'==`
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<br /> the extent permitted by law, Assignor hereby releases any and all claims which it has or . . _
<br /> �. might have against Assignee arising out of any such actions by Assignee unless arising .,�`�t:-
<br /> � A fram Assignee's fraud, gross negligence or willful misconduct. ���-
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<br /> S. Faittigul Performancc. Assignar covenants and agrecs that Assignor �'�"�
<br /> � will (a) fulfill and perform each and every material term, covenant and provision of the ���u�=
<br /> " Additional Collateral to be fulfilled or performed by Assi�nor thereundeY,the J"';�;�_
<br /> �r nunperformance of which would result in a Material Adverse Effect, (b) �ive prompt - �
<br /> `�`, notice to Assignee of any notice of default or termination received by Assignor under the ��-�-=
<br /> terms of the Additional Collateral, together with a c�mplete copy of any such notice, and ��'�
<br /> (c) not modify or terminate any material Additional Collateral without the prior written .; -��–
<br /> consent of Assignee.
<br /> � � 6. No Assumntion bv Assignee. Except as otherwise expressly set forth -'-`
<br /> . �' in that certain Manager's Consent and Subordination of Managernent Agreement of even
<br /> date herewith,prlor to the occurrence of an Event of Default and Assignee's exercise of �-
<br /> its remedies wlth respect thereto, Assignee will not be deemed in any manner to have �, __
<br /> ,; � assumed any liabiliries or obligations relaung to any of the Additional Collateral, nor �''
<br />�'.:> �"� sha1D Assignee be liable to the Governmental Authorities, the Manager, the Contractors _
<br /> ''���'�Y=w �• or others by reason of any default by any party under the Managzment Agreement, the ��
<br />-- � � ��'�"" Permits, the Wananties and the Agreements. Assignor agrees,subjectto all of the terms =-
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<br />�����.=� ' and provisions of Section 8.14 of the Loan Agreement, to indemnify and to hold Assignee =
<br /> =_��,���.Ay';�. ., harmless of and from any and all liabilities, losses, damages, expenses or costs which it �. _
<br />,.;�;;�-�,����, may or might incur by reason of any claims or demands against it based an its alleged �_
<br /> •"�R� assumption of Assignor's duty and obligation to perform and discharge the ternns,
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<br /> --_-- - covenants and agreements in said Additional Collateral, Management Agreement, w:�__ .
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<br />��=�`";;,,� Pemuts, Wananties and Agxeements. =-
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<br /> .._.�,.Y- 7. Li��Xal �qnstructipniAdv..ances b�r_A,ssignee. Allot the foreQoing �=-°�
<br /> �����k°� powers hereut grant�d tv Assignee shall be liberally construed ir. favor of Assignee. _ss�
<br /> -���= Assigne� need not expend its own funds in the exercise of such powers, but if it does, ---
<br /> =-�°��•~�� such amounts,togethez�with reasonable attorneys' fees and disbursernents,shall be R
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<br /> _--:,�,�,,, :, considered as advances for and on behalf of Assignor, secured by this Assignment and �:
<br />''� "•' " �. ' also evidenced and secured by the other Loan Documents. Any amounts so advanced
<br />' �1 ' shall bear interest at the Default Rate set farth in the Loan Agreement frorn the �
<br /> � � respective dates of any such advances and notice thereof to Assignor to the date of _-
<br /> . ., ' , repaytnent in full. ---
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