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7.1. EDSR 09-16-2019
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7.1. EDSR 09-16-2019
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8 <br />611366v1EL185-30 <br /> <br />(c) Any judgment, attachment, garnishment or other similar process is entered <br />against Borrower or against any property or assets of Borrower and is not released, <br />satisfied or discharged or bonded to Lender’s satisfaction within thirty (30) days of entry. <br /> <br />(d) Any of the terms, covenants or conditions of any permit or other <br />agreement issued or made by the City or other governmental body having jurisdiction <br />over the Loan Property are not complied with within the time required thereby or are <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 />(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 />(f) A transfer which violates by Paragraph 9 hereof, Encumbrances and <br />Transfer, occurs. <br /> <br />(g) Borrower: (i) fails to pay any amount due under this Agreement, the Note, <br />the Mortgage Documents when due; (ii) fails to perform any other obligation to be <br />performed under this Agreement, the Note, the Mortgage, 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, mortgage or other agreement now or <br />hereafter made by Borrower in favor of or with Lender or otherwise now or hereafter <br />held by Lender or Bank, and such failure continues beyond any applicable cure period. <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 />(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 />(j) A default under the Lease, the Guaranties, or the Security Agreement <br />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) To enter into possession of the Loan Property; <br /> <br />(b) To 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:
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