Each of the Borrower and the Guarantors acknowledges, confirms and agrees that the Specified Defaults have occurred or may occur, and as a result thereof, the Agent and the Lenders have the right, other than during the Forbearance Period (as defined below), to exercise all such rights and remedies against the Borrower and the Guarantors as are respectively available to them under the Credit Agreement and the other Loan Documents and under applicable law, all without notice, except for such notice as may be expressly provided for in the Loan Documents or required by applicable law.