7.5. SR 07-20-2015 - Laserfiche WebLink

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(e)All information, financial or other, which has been submitted by Borrower the personal guarantors and the Entity Guarantor in connection with the Loan is true, accurate and complete in all material respects. (f)Entity Guarantor is under common ownership. 14.Indemnification. Borrower agrees to indemnify Lender and save it harmless against all loss, liability, expense, or damages including but not limited to attorneys’ fees, which may arise by reason of the assertion of any lien against the Loan Property or the Equipment. Borrower will indemnify and hold Lender harmless from any damages Lender may suffer or incur from Borrower’s breach of its covenant in Section 12(h). 15.Defaults. Each of the following shall constitute an Event of Default: (a)If 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 judgment, attachment, garnishment or other similar process is entered against Borrower or against any property or assets of Borrower and is not released, satisfied or discharged or bonded to Lender’s satisfaction within thirty (30) days of entry. (d)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 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 or has not caused the Entity Guarantor to take the necessary steps to correct or cure the same within thirty (30) days after written notice is given by Lender. (e)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. (f)A transfer which violates by Paragraph 9 hereof, Encumbrances and Transfer, occurs. (g)Borrower: (i) fails to pay any amount due under this Agreement, the Note, the Mortgage when due; (ii) fails to perform any other obligation to be performed under 7 464429v2 EL185-33