6.3. EDSR 09-04-2018 - Laserfiche WebLink

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indemnify and hold Lender harmless from any damages Lender may suffer or incur from any default by Borrower under this Agreement, the Note or any other document supporting this Loan. 15. Defaults. Each of the following shall constitute an Event of Default: (a) If (i) Entity Guarantor or Borrower fails to commence construction of the Improvements by December 1, 2016; (ii) work on construction of the Improvements is halted for more than 5 consecutive business days; (iii) construction of the Improvements is not completed by July 1, 2017; (iv) the Improvements are not constructed in accordance with this Agreement; or (v) Borrower or Entity Guarantor abandons the Loan Property. (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 30 days. (c) 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 30 days of entry. (d) 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 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 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. (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 to perform any other obligation to be performed under this Agreement, the Mortgage, 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, mortgage 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.