6.9 EDSR 01-19-2016 - Laserfiche WebLink

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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 when due any amount due under this Agreement, the Note, or any other documents listed in Section 3; (ii) fails toerfuri-n. any other p I obligation to be performed under this Agreement, the Note, or any other document executed by Borrower pursuant to this Agreement; or (iii) fails to pay any amount or perform any obligation under any other note, or other agreement now or hereafter made by Borrower in favor of or with Lender or otherwise now or hereafter held by Lender or Bank, and such failure continues beyond any applicable cure period. (h) Entity Guarantor fails to timely provide Lender any information necessary for Lender to perfect its security interest in the Equipment. (i) Any representation or warranty by Borrower contained herein or in the Note, the Security Agreement, or any other instrument required hereunder is false or untrue in any material respect when made. 0) A default under the Lease, Entity Guaranty, the Personal Guaranty, or the Security Agreement beyond any applicable notice and cure period. Upon the occurrence of an Event of Default, Lender, at its option, shall, in addition to any other remedies which it might be entitled to by law, have the right to: (a) Take possession of the Equipment; (b) Perform such other acts or deeds which reasonably may be necessary to cure any default existing under this Agreement, and to this end, it is hereby agreed as follows: (i) All sums expended by Lender in effectuating its rights under paragraphs (ii) and (iii) of this paragraph shall be deemed to have been advanced under this Agreement and to be secured by the Security Agreement and any other security document required under this Agreement as security for the Loan. 7 47388tv2 EL185-39