Upon the occurrence, and during the continuation, of an Event of Default, TDG may, in its sole and absolute discretion, elect to exercise any and all rights and remedies that TDG may have under this Agreement, under contract, at law or in equity, all of which are expressly reserved and authorized by BDI Group, including, without limitation, upon written notice to BDI Group, directing that all Clients make concerning the Total Units directly to an account designated by BDI Group. BDI Group expressly acknowledges and agrees that the rights and remedies of TDG under this Agreement shall be cumulative, and that time is of the essence hereunder.