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Collateral to the payment of the Obligations; (b) Apply, transfer or assign the Collateral in any commercially reasonable manner to the payment of the Obligations (whether then due or not); (c), Without the necessity of the Trustee entering upon and taking and maintaining control of the Project directly, or by a receiver, or pursuing any other remedies available under this Agreement or the other Financing Documents, the Pledgor's right to collect the Pledged Amounts shall automatically terminate, without notice to the Pled or, and the Servicing Agent or the Trustee (acting at the direction of the Servicing Agent), shall be entitled to direct the Limited Partners to make payment of its Additional Capital in the amount of the Pledged Amount directly to the Trustee or the Servicing Agent for payment of the Obligations. (d) Exercise any of the rights and remedies available to a secured party under the Uniform Commercial Code of the State; Collateral; and Documents. (e) Enforce collection of any of the Collateral by suit or otherwise; (f), Exercise any and all privileges and rights of an absolute owner of the (g) Exercise any and all other rights and remedies available under the Financing SECTION 6.2. Payments to Trustee. (i), The Pled or shall direct and pay to the Servicing Agent or the Trustee at the direction of the Servicing Agent), upon demand the Pledged Amounts to be applied toward the payment of all principal, premium, and interest owed on the Loan and the Bonds and all other amounts owed under the Financing Documents. The Pled or also agrees that in the event it does not transfer the Pledged Amount received by the Pled or to the Trustee or the Servicing Agent, as the case may be, within two (2), Business Days of its receipt of such payments it shall constitute an Event of Default under the Financing Documents. (ii) The Pledgor acknowledges and agrees that upon an Event of Default, the Trustee (at the direction of the Servicing Agent) or the Servicing Agent may provide written notice of an Event of Default hereunder to the Partners and may instruct the Partners to send the Pledged Amount to the Trustee or its assigns or designees. (iii), The Partners hereby consent to the pledge, assignment and transfer of the Collateral hereunder and agrees that upon receipt of Notice from the Trustee or the Servicing Agent of an Event of Default under the Financing Documents, the Limited Partners shall make all payments of the Pledged Amount to the Trustee until otherwise notified in writing by the Trustee at the direction of the Servicing Agent),. In the event the Pledged Amount shall have been paid by the Limited Partners to the Pledgor prior to an Event of Default hereunder, then the # 420053 011367-0283 9