6.2. SR 07-06-2004 - Laserfiche WebLink

Home Browse Search

Borrower authorizes the rebates to be paid directly to Lender. This Assignment shall constitute a perfected, absolute and present assignment. The Lender may, without affecting any of its fights or remedies against the Borrower under any other instrument, document or agreement, exercise its fight under this Assignment as the Borrower's attorney-in-fact in any manner permitted by law, and in addition, the Lender shall have the rio~ht to exercise and enforce any or all rights and remedies available after default to a secured party under the Uniform Commercial Code, as adopted in the State of Minnesota. The Borrower hereby agrees to pay all reasonable costs and expenses (including without limitation reasonable attorneys' fees) which the Lender may incur in exercising any of its rights under this Assignment. This Assignment shall be binding upon the Borrower, its heirs, representatives, assigns, and successors, and shall inure to the benefit of the Lender, its successors and assigns. The Borrower has concurrently executed and delivered to the Lender this Assignment, and the Borrower intends to be bound by the terms of this Assignment. This Agreement can be waived, modified, amended, terminated or discharged only explicitly in writing, signed by the Lender. A waiver signed by the Lender shall be effective only in a specific instance and for the specific purpose given. Mere delay or failure to act shall not preclude the exercise or enforcement of any of the Lender's fights or remedies hereunder. All rights and remedies of the Lender shall be cumulative and may be exercised singularly or concurrently, at the Lender's option, and the exercise or enforcement of any one such fight or remedy shall neither be a condition to nor bar the exercise or enforcement of any other. IN WITNESS WHEREOF, the Borrower has executed this Assignment as of the day and year first above written. Bf~GER VENTURES, LLC By: Duane A. Goetsch Its: President 2