TO the Secured Party: Attention: Fax No.: Telephone No.: TO the Debtor: Attention: Fax No.: Telephone No.: Notices may be sent by fax or may be delivered during the business hours of the intended recipient. Notices will be deemed to have been received on the first business day following receipt on the fax machine of the recipient or on the date of delivery. Any party may change its delivery address by written notice to the other parties sent in the manner provided above. General As long as any of the indebtedness of the Debtor remains outstanding, the Debtor will stand possessed of its assets so charged for ATB and the Secured Party in accordance with their respective interests and priorities as herein set out. The Debtor consents to ATB and the Secured Party advising each other of the particulars of the indebtedness of the Debtor to each and exchanging any other financial information they deem relevant. Neither ATB nor the Secured Party will have or incur any liability to the Debtor for providing such information, nor for any direct or indirect consequences resulting from doing so. The parties will do all things necessary from time to time to give full effect to this agreement. No consent of the Debtor will be necessary to any amendment of the terms of this agreement by ATB and the Secured Party. This agreement may be terminated by either ATB or the Secured Party at any time on ten days written notice. Such termination will not effect a termination of this agreement with respect to any existing loans or advances made to the Debtor by either ATB or the Secured Party or the security interests of either of them in any assets of the Debtor obtained prior to the effective date of such termination. Termination of this Agreement by either ATB or the Secured Party may be treated by the other as a notice under Section 9, in which case the provisions of Subsection 8(b) will apply to any money or instruments received prior to or after the effective date of such termination. Upon termination of this agreement pursuant to Section 17 or upon receipt of notice pursuant to Section 9, ATB or the Secured Party may, at their option and as applicable, do any one or more of the following: treat such event as an event of default entitling it to immediately terminate any or all credit facilities of the Debtor, including any revolving line of credit, and to refuse to make any further advances on any such facilities;
TO the Secured Party: Attention: Fax No.: Telephone No.: TO the Debtor: Attention: Fax No.: Telephone No.: Notices may be sent by fax or may be delivered during the business hours of the intended recipient. Notices will be deemed to have been received on the first business day following receipt on the fax machine of the recipient or on the date of delivery. Any party may change its delivery address by written notice to the other parties sent in the manner provided above. General As long as any of the indebtedness of the Debtor remains outstanding, the Debtor will stand possessed of its assets so charged for ATB and the Secured Party in accordance with their respective interests and priorities as herein set out. The Debtor consents to ATB and the Secured Party advising each other of the particulars of the indebtedness of the Debtor to each and exchanging any other financial information they deem relevant. Neither ATB nor the Secured Party will have or incur any liability to the Debtor for providing such information, nor for any direct or indirect consequences resulting from doing so. The parties will do all things necessary from time to time to give full effect to this agreement. No consent of the Debtor will be necessary to any amendment of the terms of this agreement by ATB and the Secured Party. This agreement may be terminated by either ATB or the Secured Party at any time on ten days written notice. Such termination will not effect a termination of this agreement with respect to any existing loans or advances made to the Debtor by either ATB or the Secured Party or the security interests of either of them in any assets of the Debtor obtained prior to the effective date of such termination. Termination of this Agreement by either ATB or the Secured Party may be treated by the other as a notice under Section 9, in which case the provisions of Subsection 8(b) will apply to any money or instruments received prior to or after the effective date of such termination. Upon termination of this agreement pursuant to Section 17 or upon receipt of notice pursuant to Section 9, ATB or the Secured Party may, at their option and as applicable, do any one or more of the following: treat such event as an event of default entitling it to immediately terminate any or all credit facilities of the Debtor, including any revolving line of credit, and to refuse to make any further advances on any such facilities;
Form%207316%20(Rev.%202018-01)%20-%20Priority%20Agreement%20Specified%20Collateral.docx