7.2 EDSR 10-21-2024 - Laserfiche WebLink

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4 EL185\79\955723.v2 4.14. Financing Statements. The Grantor authorizes Secured Party to file one or more financing or continuation statements, and amendments thereto, relative to all or any part of the Collateral without the Grantor’ signature where permitted by law, in each case in such form and substance as Secured Party may determine. The Grantor shall pay all filing, registration and recording fees and any taxes, duties, imports, assessments and charges arising out of or in connection with the execution and delivery of this Agreement, any agreement supplemental hereto, any financing statements, and any instruments of further assurance. 5. EVENTS OF DEFAULT. Each of the following is an “Event of Default” under this Agreement: (a) the Grantor or the Borrower fails to pay any of the Obligations when due and any applicable grace period lapses without cure by the Grantor; (b) the Grantor or the Borrower fails to timely perform any other Obligation and any applicable grace period lapses without cure by the Grantor or the Borrower; (c) any representation made by the Grantor or the Borrower in this Agreement or in any financial statement or report submitted by the Grantor to Secured Party proves to have been materially false or misleading when made; (d) the Grantor or the Borrower ceases to conduct its business; (e) the insolvency, dissolution, liquidation, merger, or consolidation of the Grantor or the Borrower, however defined; (f) the Grantor or the Borrower voluntarily files, or has filed against it involuntarily, a petition under the United States Bankruptcy Code; (g) any appointment of a receiver, trustee, or similar officer of any property of the Grantor or any assignment for the benefit of creditors of the Grantor or the Borrower; (h) any default under the terms of this Agreement or any other note, obligation, agreement, mortgage, or other writing heretofore, herewith or hereafter given to or acquired by the Secured Party to which the Grantor or the Borrower is a party; (i) the sale, lease or other disposition (whether in one transaction or in a series of transactions) to one or more persons other than in the ordinary course of business of all or a substantial part of the assets of the Grantor; (j) the entry of any judgment against the Grantor or the Borrower which is not discharged in a manner acceptable to the Secured Party within thirty (30) days after such entry; or (k) the issuance of levy of any writ, warrant, attachment, garnishment, execution, or other process against any property of the Grantor or the Borrower; or (l) the attachment of any tax lien to any property of the Grantor or the Borrower; or (m) any statement, representation, or warranty made by Grantor or the Borrower(or any representative of the Grantor or the Borrower) to the Secured Party at any time shall be incorrect or misleading in any material respect when made; or (n) there is a material adverse change in the condition (financial or otherwise), business, or property of the Grantor or the Borrower. 6. REMEDIES UPON EVENT OF DEFAULT. Upon the occurrence of an Event of Default and at any time thereafter, Secured Party may exercise one or more of the following rights and remedies: (a) declare any or all Obligations to be immediately due and payable without presentment or any other notice or demand and immediately enforce payment of any or all of the Obligations; (b) require the Grantor to make the Collateral available to Secured Party at a place to be designated by Secured Party; (c) exercise and enforce any rights or remedies available upon default to a secured party under the Uniform Commercial Code as amended from time to time (“UCC”), and, if notice to the Page 87 of 124