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<br />terminated or modified by the City or such other governmental body and Borrower has <br />not taken or has not caused the Entity Guarantor to take the necessary steps to correct or <br />cure the same within thirty (30) days after written notice is given by Lender. <br /> <br /> <br />(e)Any mechanic’s or material supplier’s lien is filed, against the Loan <br />Property and is not released, satisfied or discharged or bonded to Lender’s satisfaction, <br />subject, however, to Borrower’s right to contest the same in accordance with the <br />provisions of the Security Agreement. <br /> <br /> <br />(f)A transfer which violates by Paragraph 9 hereof, Encumbrances and <br />Transfer, occurs. <br /> <br /> <br />(g)Borrower: (i) fails to pay when due any amount due under this Agreement, <br />the Note, or any other documents listed in Section 3; (ii) fails to perform any other <br />obligation to be performed under this Agreement, the Note, or any other document <br />executed by Borrower pursuant to this Agreement; or (iii) fails to pay any amount or <br />perform any obligation under any other note, or other agreement now or hereafter made <br />by Borrower in favor of or with Lender or otherwise now or hereafter held by Lender or <br />Bank, and such failure continues beyond any applicable cure period. <br /> <br /> <br />(h)Entity Guarantor fails to timely provide Lender any information necessary <br />for Lender to perfect its security interest in the Equipment. <br /> <br /> <br />(i)Any representation or warranty by Borrower contained herein or in the <br />Note, the Security Agreement, or any other instrument required hereunder is false or <br />untrue in any material respect when made. <br /> <br /> <br />(j)A default under the Lease, Entity Guaranty, the Personal Guaranty, or the <br />Security Agreement beyond any applicable notice and cure period. <br /> <br />Upon the occurrence of an Event of Default, Lender, at its option, shall, in addition to any other <br />remedies which it might be entitled to by law, have the right to: <br /> <br />(a) Take possession of the Equipment; <br /> <br />(b) Perform such other acts or deeds which reasonably may be necessary to <br />cure any default existing under this Agreement, and to this end, it is hereby agreed as <br />follows: <br /> <br />All sums expended by Lender in effectuating its rights under <br />(i) <br />paragraphs (ii) and (iii) of this paragraph shall be deemed to have <br />been advanced under this Agreement and to be secured by the <br />Security Agreement and any other security document required under <br />this Agreement as security for the Loan. <br /> <br />7 <br />473881v2 EL185-39 <br />