7.1. SR 09-03-2013 - Laserfiche WebLink

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business days; (iii) construction of the Improvements is not completed by December 31, 2013; (iv) the Improvements are not constructed in accordance with this Agreement; or(v) Borrower or Entity Guarantor abandons the Loan Property. (b) Bankruptcy, reorganization, assignment, insolvency or liquidation proceedings, or other proceedings for relief under any applicable bankruptcy law or other law for relief of debtors are instituted by or against Borrower and, if such proceedings are instituted against Borrower, an order, judgment or decree, without the consent of Borrower appointing a trustee or receiver for Borrower or any part of its property or approving a petition under the bankruptcy laws of the United States or any similar laws of any state or other competent jurisdiction, shall have remained in force undischarged or unstayed for a period of thirty (30) days. (c) Any of the terms, covenants or conditions of any permit or other agreement issued or made by the City or other governmental body having jurisdiction over the Loan Property, including, but not limited to, those relating to the cost of or time for installation of the Improvements, are not complied with within the time required thereby or are terminated or modified by the City or such other governmental body and Borrower has not taken the necessary steps to correct or cure the same within thirty (30) days after written notice is given by Lender. (d) Any mechanic's or material supplier's lien is filed, against the Loan Property and is not released, satisfied or discharged or bonded to Lender's satisfaction, subject, however, to Borrower's right to contest the same in accordance with the provisions of the Security Agreement. Y., Clea Any judgment, attachment, garnishment or other similar process is ainst Borrower or against any property or assets of Borrower and is not satisfied or discharged or bonded to Lender's satisfaction within thirty of entry. (f) Borrower fails to timely: (i) purchase the Equipment; (ii) take delivery of the Equipment; (iii) complete the Improvements (which will be deemed timely if completed by December 31, 2013; or (iv) provide Lender any information necessary for Lender to perfect its security interest. (g) A transfer which violates by Paragraph 9 hereof, Encumbrances and Transfer, occurs. (h) Borrower: (i) fails to pay any amount due under this Agreement, the Note, the Security Agreement, the Bank Loan Documents, the City Loan Documents, County Loan Documents or the Microloan Documents when due; (ii) fails to perform any other obligation to be performed under this Agreement, the Note, the Security Agreement, the Bank Loan Documents, the City Loan -11-