TO MAKE ANY FURTHER
LOANS HEREUNDER SHALL TERMINATE;
(B)
THE UNPAID PRINCIPAL AMOUNT OF THE LOANS
TOGETHER WITH ACCRUED INTEREST, ALL OTHER OBLIGATIONS, AND ALL OTHER OBLIGATIONS
OF THE BORROWER TO THE ADMINISTRATIVE AGENT AND EACH BANK OF ANY KIND SHALL
BECOME IMMEDIATELY DUE AND PAYABLE WITHOUT PRESENTMENT, DEMAND, PROTEST OR
FURTHER NOTICE OF ANY KIND, ALL OF WHICH ARE HEREBY EXPRESSLY WAIVED; AND
(C)
THE ADMINISTRATIVE AGENT MAY REQUIRE THE
BORROWER AND EACH OTHER APPLICABLE MEMBER OF THE BORROWER AFFILIATED GROUP TO
EXECUTE AND DELIVER TO THE ADMINISTRATIVE AGENT, FOR THE RATABLE BENEFIT OF THE
BANKS, A LEASEHOLD MORTGAGE WITH RESPECT TO ALL LOCATIONS FOR WHICH THERE IS A
LEASE OR LAUNDRY LICENSE IN EFFECT AT SUCH TIME, AND MAY EXERCISE (ON BEHALF OF
ITSELF AND THE BANKS) ANY AND ALL OTHER RIGHTS THE ADMINISTRATIVE AGENT AND THE
BANKS HAVE UNDER THIS AGREEMENT, THE NOTES, THE SECURITY DOCUMENTS, OR ANY OTHER
DOCUMENTS OR AGREEMENTS EXECUTED IN CONNECTION HEREWITH, OR AT LAW OR IN EQUITY,
AND PROCEED TO PROTECT AND ENFORCE THE ADMINISTRATIVE AGENT'S AND THE BANKS'
RIGHTS BY ANY ACTION AT LAW, IN EQUITY OR OTHER APPROPRIATE PROCEEDING.
62
SECTION VIII
CONCERNING THE ADMINISTRATIVE AGENT AND THE BANKS
8.1.
APPOINTMENT AND AUTHORIZATION.
EACH OF THE
BANKS HEREBY APPOINTS CITIZENS TO SERVE AS ADMINISTRATIVE AGENT UNDER THIS
AGREEMENT AND IRREVOCABLY AUTHORIZES THE ADMINISTRATIVE AGENT TO TAKE SUCH
ACTION ON SUCH BANK'S BEHALF UNDER THIS AGREEMENT AND TO EXERCISE SUCH POWERS
AND TO PERFORM SUCH DUTIES UNDER THIS AGREEMENT AND THE OTHER DOCUMENTS AND
INSTRUMENTS EXECUTED AND DELIVERED IN CONNECTION WITH THE CONSUMMATION OF THE
TRANSACTIONS CONTEMPLATED HEREBY (INCLUDING, WITHOUT LIMITATION, ALL SECURITY
DOCUMENTS) AS ARE DELEGATED TO THE ADMINISTRATIVE AGENT BY THE TERMS HEREOF OR
THEREOF, TOGETHER WITH ALL SUCH POWERS AS ARE REASONABLY INCIDENTAL THERETO.
8.2.
ADMINISTRATIVE AGENT AND AFFILIATES.
CITIZENS
SHALL ALSO HAVE THE SAME RIGHTS AND POWERS UNDER THIS AGREEMENT OF A BANK AND
MAY EXERCISE OR REFRAIN FROM EXERCISING THE SAME AS THOUGH IT WERE NOT THE
ADMINISTRATIVE AGENT, AND CITIZENS AND ITS AFFILIATES MAY ACCEPT DEPOSITS FROM,
LEND MONEY TO, AND GENERALLY ENGAGE IN ANY KIND OF BUSINESS WITH THE BORROWER OR
ANY OTHER MEMBER OF THE BORROWER AFFILIATED GROUP OR ANY AFFILIATE OF ANY MEMBER
OF THE BORROWER AFFILIATED GROUP AS IF IT WERE NOT THE ADMINISTRATIVE AGENT
HEREUNDER.
EXCEPT AS OTHERWISE PROVIDED BY THE TERMS OF THIS AGREEMENT, NOTHING
HEREIN SHALL PROHIBIT ANY BANK FROM ACCEPTING DEPOSITS FROM, LENDING MONEY TO OR
GENERALLY ENGAGING IN ANY KIND OF BUSINESS WITH THE BORROWER OR ANY OTHER MEMBER
OF THE BORROWER AFFILIATED GROUP OR ANY AFFILIATE OF ANY MEMBER OF THE BORROWER
AFFILIATED GROUP.
8.3.
FUTURE ADVANCES.
(A)
IN ORDER TO MORE CONVENIENTLY ADMINISTER
THE LOANS, THE ADMINISTRATIVE AGENT MAY, UNLESS NOTIFIED TO THE CONTRARY BY ANY
BANK PRIOR TO THE DATE UPON WHICH ANY REVOLVING CREDIT LOAN IS TO BE MADE,
ASSUME THAT SUCH BANK HAS MADE AVAILABLE TO THE ADMINISTRATIVE AGENT ON SUCH
DATE THE AMOUNT OF SUCH BANK'S SHARE OF SUCH