Laserfiche WebLink
. <br />89-0 103i01 <br />0884R <br />3. (a) The Security Trustee shall be entitled to all the <br />Lessee's right, title and intesest in and to any <br />Leases after the Security Trustee's notification <br />to the applicable Lessor given during.the <br />continuance of an Event of Default of the <br />Security Trustee's intent to accept same., <br />provided that the Security Trustee sha;1 -agree to <br />pay the rental and perform the Lessee's other .. <br />obligations under the Leases arising after such; <br />notification by the Security Trustee. `. <br />(b) The Security Trustee may notify the applicablei,,` <br />l.eaaor at any time following the date of the'. ' <br />' notice referred to in section 3(a) above of'th4' <br />,.f..: Security Trustee's election to surrender the <br />Lessee's rights, title and interest in and to the <br />Lease. in such event, the Security Trustee's <br />obligation to pay the rental and perform the <br />.. other obligations under such Lease shall cease <br />and terminate. <br />4. Subject to the terms of the Leases and any other <br />agreements in connection therewith, during the <br />ezisterice of fan Event of Default the Security Trustee <br />shall have the right to further assign all of the <br />Lessee's right,, - title and interest in and to any of <br />the Leases to any person, partnership or corporation; <br />- provided,; -that- such person - - pa-rtneTsni-p-6 "6r1moration = - = = =- -- - - -- <br />shall agree to be bound by the terms and provisions of <br />the Lease by written instrument. <br />7. <br />At the Security Trustee's request, the Lessee shall <br />use its.-best efforts to obtain an eatappel certificate <br />from the lessors under the Leases in.-form and— <br />substance satisfactory to the Security Trustee.., . <br />The Lessee furthermore acknowledges and agrees that <br />the Secui ty Trustee relay assign or transfer its rights <br />and interest under thi; Agreement in whole or in part <br />to onL6:'.. ©r more of the Holders, whereupon such <br />purchaser or pmrchasers shall become vested with all <br />df the Mowers and rights of the Security Trustee <br />hereunder, and the Security Trustee shall thereafte r,I <br />.be forever released and fully discharged from any <br />.liability or responsibility hereunder with respect to <br />the rights and'interests so assigned. <br />All notices, requests:, demands and other <br />communications provided for hereunder shall. be in '"' <br />writing (including telegraphic communication) and":--' <br />mailed or telegraphed or delivered to the applicable. <br />party at the addresses indicated below. <br />-3- <br />L <br />s <br />7 <br />