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(d) The net cash proceeds resulting from the exercise of
<br />any of the foregoing rights or remedies shall be applied by Lender
<br />to the payment of the Obligations in such order as Lender may
<br />elect, and Guarantors'shall remain liable to Lender for any
<br />deficiency. Without limiting the generality of the foregoing, if
<br />Lender enters into any credit transaction, directly or indirectly,
<br />in connection with the disposition of any Collateral, Lender shall
<br />have the option, at any time, in its discretion, to reduce the
<br />obligations by the principal amount of such credit transaction or
<br />to defer the reduction thereof until actual receipt by Iznder of
<br />cash or other immediately available funds in connection therewith.
<br />(e) The enumeration of the foregoing rights and remedies
<br />is not intended to be exclusive, and such rights and remedies are
<br />in addition to and not by way of limitation of any othex• rights or
<br />remedies Lender may have under the Uniform Commercial Code, the
<br />Bankruptcy Code, the Financing Order or other applicable: law.
<br />Lender shall have the right, in Lender's discretion, to determine
<br />which rights and remedies, and in which order any of the: same, are
<br />to be exercised, and to determine which Collateral is to be
<br />proceeded against and in which order, and the exercise of any right
<br />or remedy shall not preclude the exercise of any others.. Lender
<br />may at any time pursue, relinquish, subordinate, modify or take any
<br />other action with respect thereto, without in any way modifying or
<br />affecting any of the Obligations. Lender may, at any time or
<br />times, proceed directly against Guarantors or any other person
<br />liable on the Obligations to enforce payment of the Obligations and
<br />shall not be required to take any action of any kind to preserve,
<br />collect or protect Lender's or Guarantors' rights in the
<br />Collateral.
<br />(f) No act, failure or delay by Lender shall constitute
<br />a waiver of any of Lender's rights and remedies. No single or
<br />partial waiver by Lender of any provision of this Agreement or any
<br />supplement hereto, or breach or default thereunder, or of any right
<br />or remedy which Lender may have shall operate as a waiver of any
<br />other provision, breach, default, right or remedy or of the same
<br />provision, breach, default, right or remedy on a future occasion.
<br />(g) Guarantors waive presentment, notice of ciishonor,
<br />protest and notice ofprotest of all instruments included in or
<br />evidencing any of the Obligations or the Collateral and any and all
<br />notices or demands whatsoever (except as expressly provided
<br />herein).
<br />(h) .All rights, remedies, powers and benefits granted to
<br />Lender by Guarantors or any other person liable on or in respect of
<br />the Obligations under this Agreement, the Guaranty, the other
<br />Financing Agreements, the Financing Order or any other +~greement,
<br />or granted by applicable law, whether expressly granted or implied
<br />in law, are cumulative, not exclusive and enforceable
<br />alternatively, successively, or concurrently on any one or mare
<br />occasions and shall include, without limitation, the right to apply
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