The Agent may, in its discretion, receive and retain any amounts payable to a Defaulting Lender under the Loan Documents, and a Defaulting Lender shall be deemed to have assigned to the Agent such amounts until all Obligations owing to the Agent and non-Defaulting Lenders have been paid in full. The Agent may apply such amounts to the Defaulting Lender’s defaulted obligations or readvance the amounts to the Borrower hereunder.