INVOLUNTARILY AS A RESULT
OF OPERATION OF LAW) ANY RIGHT OR REMEDY WITH RESPECT TO ANY SECURED OBLIGATIONS
OR ANY COLLATERAL OR OTHER SECURITY THEREFOR, OR ANY FAILURE TO CREATE, PROTECT,
PERFECT, SECURE, INSURE, CONTINUE OR MAINTAIN ANY LIENS IN ANY SUCH COLLATERAL
OR OTHER SECURITY;
(F)
THE EXERCISE OF ANY RIGHT OR REMEDY AVAILABLE UNDER
THE LOAN DOCUMENTS, AT LAW, IN EQUITY OR OTHERWISE WITH RESPECT TO ANY
COLLATERAL OR OTHER SECURITY FOR ANY SECURED OBLIGATIONS, IN ANY ORDER AND BY
ANY MANNER THEREBY PERMITTED, INCLUDING FORECLOSURE ON ANY SUCH COLLATERAL OR
OTHER SECURITY BY ANY MANNER OF SALE THEREBY PERMITTED, WHETHER OR NOT EVERY
ASPECT OF SUCH SALE IS COMMERCIALLY REASONABLE;
(G)
ANY BANKRUPTCY, REORGANIZATION, ARRANGEMENT,
LIQUIDATION, INSOLVENCY, DISSOLUTION, TERMINATION, REORGANIZATION OR LIKE CHANGE
IN THE CORPORATE STRUCTURE OR EXISTENCE OF ANY GRANTOR OR ANY OTHER PERSON
DIRECTLY OR INDIRECTLY LIABLE FOR ANY SECURED OBLIGATIONS;
(H)
ANY MANNER OF APPLICATION OF ANY PAYMENTS BY OR
AMOUNTS RECEIVED OR COLLECTED FROM ANY PERSON, BY WHOMSOEVER PAID AND HOWSOEVER
REALIZED, WHETHER IN REDUCTION OF ANY SECURED OBLIGATIONS OR ANY OTHER
OBLIGATIONS OF THE GRANTORS OR ANY OTHER PERSON DIRECTLY OR INDIRECTLY LIABLE
FOR ANY SECURED OBLIGATIONS, REGARDLESS OF WHAT SECURED OBLIGATIONS MAY REMAIN
UNPAID AFTER ANY SUCH APPLICATION; OR
(I)
ANY OTHER CIRCUMSTANCE THAT MIGHT OTHERWISE
CONSTITUTE A LEGAL OR EQUITABLE DISCHARGE OF, OR A DEFENSE, SET-OFF OR
COUNTERCLAIM AVAILABLE TO, PLEDGOR OR A SURETY OR GUARANTOR GENERALLY, OTHER
THAN THE OCCURRENCE OF THE TERMINATION REQUIREMENTS.
8.4
COMPLETE AGREEMENT; AMENDMENTS, WAIVERS, ETC. THIS AGREEMENT
REPRESENTS THE FINAL AGREEMENT OF THE PARTIES HERETO WITH RESPECT TO THE MATTERS
CONTAINED HEREIN AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR OR
CONTEMPORANEOUS AGREEMENTS, OR SUBSEQUENT ORAL AGREEMENTS, BETWEEN THE PARTIES.
NO AMENDMENT, MODIFICATION, WAIVER, DISCHARGE OR TERMINATION OF ANY PROVISION
HEREOF, NOR ANY CONSENT TO ANY DEPARTURE BY ANY GRANTOR FROM, ANY PROVISION OF
THIS AGREEMENT, SHALL BE EFFECTIVE UNLESS APPROVED BY COBANK AND CONTAINED IN A
WRITING EXECUTED AND DELIVERED BY COBANK AND (IN THE CASE OF AMENDMENTS) THE
GRANTORS, AND THEN THE SAME SHALL BE EFFECTIVE ONLY IN THE SPECIFIC INSTANCE AND
FOR THE SPECIFIC PURPOSE FOR WHICH GIVEN; PROVIDED THAT THE GRANTORS MAY FROM
TIME TO TIME PROVIDE COBANK WITH UPDATED ANNEXES HERETO, WHICH UPDATED ANNEXES
SHALL UPON DELIVERY BE DEEMED TO REPLACE THE THEN EXISTING ANNEXES, AND EACH
SUCH DELIVERY SHALL CONSTITUTE A REPRESENTATION BY THE GRANTORS OF THE ACCURACY
AND COMPLETENESS OF SUCH UPDATED ANNEXES TO THE EXTENT THE SAME IS REQUIRED WITH
RESPECT TO SUCH ANNEXES.
DELIVERY OF SUCH UPDATED ANNEXES SHALL NOT BE DEEMED
TO WAIVE ANY POTENTIAL DEFAULT OR EVENT OF DEFAULT RELATING THERETO (IF ANY)
UNLESS THE SOLE POTENTIAL DEFAULT OR EVENT OF DEFAULT RESULTS FROM THE FAILURE
OF THE GRANTORS TO NOTIFY COBANK OF AN EVENT OR CONDITION DISCLOSED ON SUCH
UPDATED ANNEX AND SUCH EVENT OR CONDITION IS OTHERWISE PERMITTED UNDER THE LOAN
DOCUMENTS.
IN THE ABSENCE OF THE PREPARATION AND DELIVERY OF AN UPDATED ANNEX
HREFLECTING SUCH NEW DEPOSIT ACCOUNT,