6.1 EDSR 05-16-2016 - Laserfiche WebLink

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days; (iii)construction of the Improvements is not completed by September 30,2014;(iv) the Improvements are not constructed in accordance with this Agreement; or (v) Borrower or Entity Guarantor abandons the Loan Property. Borrower shall not be considered in default under subsections(ii) and (iii) hereunder for delays caused by fire, accident, labor dispute, war, insurrection, riot, act of government, act of God, or any other cause reasonably beyond Borrower's control; provided Borrower uses all reasonable efforts to minimize the extent of any such delay. (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 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, including,but not limited to, those relating to the cost of or time for installation of the improvements, 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 the necessary steps to correct or cure the same within thirty (30) days after written notice is given by Lender. (d) 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. (e) 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. (f) Borrower fails to timely: (i)purchase the Equipment; (ii) take delivery of the Equipment; (iii) provide Lender any information necessary for Lender to perfect its security interest. (g) A transfer which violates by Paragraph 9 hereof; Encumbrances and Transfer,occurs. (h) Borrower: (i) fails to pay any amount due under this Agreement, the Note, the Security Agreement, or the Microloan Documents when due; (ii) fails to perform any other obligation to be performed under this Agreement, the Note,the Security Agreement or the Microloan Documents or any other document executed by Borrower pursuant to this Agreement;or(iii)fails to pay any amount or perform any ohligation under any other 1741240 -10-