6.3. EDSR 12-21-2015 - Laserfiche WebLink

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use any funds which may remain unadvanced under this Agreement to pay, settle or compromise all existing bills and claims which may be liens against the Equipment or as may be necessary or reasonably desirable for the clearance of title to the Equipment; to prosecute and defend all actions or proceedings in connection with or relating to the Equipment and do any and every act which Borrower might do in its own behalf; (b) without limiting the foregoing, to perform each of the terms, covenants and conditions to be kept or performed by Borrower under this Agreement, the Security Agreement and any other instrument required under this Agreement or the Contracts for Deed; and (e) to do all things that Lender reasonably deems necessary or advisable for the purpose of carrying out the powers enumerated in (a) and (b) of this Subparagraph (ii); (iii) The powers herein granted Lender shall be deemed to be powers coupled with an interest and the same are irrevocable; (4) cancel this Agreement; (5) bring appropriate action to enforce such performance and the correction of such Event of Default; (6) declare the entire unpaid principal of the Note and all accrued interest thereon immediately due and payable without notice; (7) foreclose the Security Agreement and any other security instrument referred to in this Agreement and/or exercise any other rights or remedies it may have under the Security Agreement and such other security instrument. (8) in addition to the other remedies hereunder, if Borrower is in default under Section 15(f)(ii) above, Lender may terminate this Agreement upon ten (10) business days' prior written notice to Borrower. If Borrower has not cured this default within such 10 -business day period, on such 10'h business day: (i) Escrow Agent shall refund all Loan proceeds to Lender; (ii) all of the Loan documents shall terminate and be of no further force and effect, except for (a) any provision of a Loan document which indemnifies Lender, and (b) the Note and Guaranty shall remain in force until all interest that has accrued until such 10`h business day is repaid to Lender. 16. Default under Note and Security Agreement. The failure by Borrower to keep or perform any of the terms, covenants and conditions to be kept or performed by it under this Agreement shall constitute a default under the Note, the Security Agreement and any other security instrument held by Lender in connection with the Loan. In