|
' t. 7. J, . a n;.;;,!r ti S �';`"�}.� ',u� :u ��.�,, .r<� ..):� :ihe . , .i y ...f:�'`;�,j� ��� .
<br /> _ x - '�4 . -��`%'' �" ' -r 1,. .�,� � ' 7,
<br /> ' . , �t,+( ' r t�c,,f'��: ::ia.s•::'- � . e,.4 , 'W'�I-tl .i. . . . . �t,'��:• .:7P+I "-• --
<br /> . -.' �,. � ', . , �
<br /> . . ,. ..�- � � -
<br /> . t
<br /> ..- �� �ES- .��� b. ' 1� -�.;.'1.:1`.. `t' -+tf ' .�t . �y„11.�1� , , - . r�1�-- t .��i��f�J���(.�V7,]�J1'1�:_`'�i%.y,Ai'1if�._. - . ( . . . , ir ' �f�,_,�L'_
<br /> .. ��1�- � ,. .--{„ � . ..f, r � �� .... � �--� - _ . . .. . y`'�f �' rr, , . ,'9�`r
<br /> *S.� �. , ,r . ��`' %7S� .. -
<br /> rN�„y�°i"1''li�� • - .,�.� .��y.'�.'. , � ' �_
<br /> � . , ''ji:,; ,;.��
<br /> � � .�_ . . . . .i � .. ' i. _. . i:
<br /> YiwifwWr. .�. � . . _ __ ' �"14'�tin m'.
<br /> fCi:da'—��
<br /> 1�)2 0 9'� ;,,r::. v_ -
<br /> , �2..— �-.,LL,�.���,__.
<br /> �s,_
<br /> ' • pM� K�eprelwned ese regatedlromOeWor'solher roaerty.andhdasuch oodsasuusleulorSec�redPa�fr unUlqhaspaidSecuredPaAylhe �.:�,or�.. �'"°"'!
<br /> � poad p �:-s�r.d'---
<br /> amou�l bywd apvinW Ihe rUatad Accounl,and dolroer eueh qood6 on demand to S curod PaAy,wh�Ch shall have e SecurAy Intereal m auch gooda: � ,��°.—
<br /> (x� Pp y Socured Pprty Ihe unpe�d poA�on ol any epncl6cally aes�gned Account U)d Accoum Debtor doos not eccept Ihe gooea or sernces,p�)d any � . .
<br /> � pMllbn unW r the Benkruplcy Code or aim�lar ledersl or alete statule�s�iled by or against Account Uebtor.or pu)d Secured PeAy s ha tl at a ny I x n e r e�ect I h e ,, _
<br /> � � Aeeourll at uns�W111ctory:and uMd sueh paymonl is modw b Debta.Secured Parry mpy retam an auch Accounl ns secwi and ma aherga any deposll -r_
<br /> � aeCOUnt ol D�bta wlih�ny euch amaunl,il requeated by Secured Party I t�Iwnlsh to Secu�ed PaAy:galislAClory ev�denca ol shipment and ce:.elpt ot eny ,
<br /> • ; pood s�pee16Wby Seeure0 PaAy end ihe pwlormance ot any servites or obhgaUans tovered by Accuunis a tonlrACl r�ghta m whfch Secured Parry has a
<br /> � $�eurqy InWest 12)pay Soeured PeAy Ihe unpaltl poAion o(enY specficaliy assigned Aetounl A such Account is not pa�d promplly eder its maturAy. • ,
<br /> ' x� Keep olllin9ible CalleterAl�n goodrepair,wcxkMp ader antl cand�Uan.normel depreaalion erpetted.a�c1 wdl.lrom lime t0 ume,replaee any worn.
<br /> �0k�f10f�BGdY�p81U lh6faQ�: . •r
<br /> � � (xM) Pi�payaNlareaandother overnmenlaichar alev�edorassesseduponora am�tan Collateraloru or emstthecreadon,paA�etlon �
<br /> orconUnuence o�he$ecurAy Ir�erest. 9 � 9 y � � �� .�w�•'.�
<br /> � (xul) K�ap all Callateral heo and cteor d all�ecurAy mterests,IIB118 8fld 8I1CUf11b►Bf�CeB B11CBp1 IhB$QCUfAy IpiRfASI, . �
<br /> (xiv At dl reAeoneble Umes,permit Secureu Party or Its repreaentaUves loe�amme or inspect any Collatoral,wherever locatfitl,and to eKamine,mepecl
<br /> � ��: .•-
<br /> �copy(H41o►'�booMt and recads pertemmg to the Collateral and its bus�rwss and Unannal contlNOn.
<br /> '� , � m� Keepaeeurateandcompiete�ecadapeAa�nmg�olheCollaleralandpeAanmgtoDeb�orsbusmessandl�nanaeicandnwnandaubmiltoSecuree �
<br /> �t � �eAy euch penoelc reports concemmg 1he Colleteral and Debtor's bucu�ass and f�nanc�al condilon as Secured Party may Irom Ume to ume reaeonebly
<br /> requick
<br /> �'- � (�cvi) Promptly nol11y SBCUrQd Pqrty ol eny IoSS of.or metenel d0meg0 to.e�y Co!�aleral or��t eny adverse Change,known to Oebtor,m Ihe prospect o1
<br /> �' i paymeM d any sums due on or under any�n9lrument.chapel papar.accounl a co�bar.i nghl constnuUng Collateral:
<br /> 1 s.
<br /> +.� �uvfq II Seoured Perry ai eny pme sa requests�whetlter the requast�s made ttetore or afler the nccunence al an Evont ot Delaulq.prompUy delrver to �
<br /> ured Perty any insirument.doCUment or chatlel paper.conslrtulmg Co1lalPrat.Gu�y andorsod or assigned by Debtor:
<br /> inotorvechfclas andsuchadhe�rroicsandln�suchamouni9ses3ecui�edlPartymey guasonablyrequest withany osspayabl�ewSe�curedPa�rryrot�eextentot �
<br /> � Ae�ntaraat: .
<br /> �xul From ume to bme eMecule such linencmg statemenls as Secured Parry may reaoonahly request in order to pertect the SecurAy I�qerest and.d any i '��y�
<br /> �;. Cal ateral consisp of a motor veMGe,execule such documeMS as may be requ�red to have the SecuMy Interest properly notea oo a ceAA�cate o1 Ulle: -
<br /> �u) Pey when due or remburse Secured PaAy on demend la all cqsW of collachon ol any of the Obli9auons antl a11 ctner oul-of-pocket expenses
<br /> mcluding meachcese aN reaeonable attomey's fees)Incurred by Secured Parry m connecUon wdhthe pe�lection,sat�sfacllon or enforcementof Ihe Securdy ,
<br /> est or Me creWion.contnuance or enforcemeM of th�s Agreemant a any nr a�i of the Obligatwna: •
<br /> �„xi� Execute.deliver a endorse any and all instromenta.documanls,assignments,secunty agreements and other agreemenls and wrAings wmch
<br /> ured Perty may et any time reosonably request m order to secure,protect.perfeCt ar enlorce the Sec�mry�nterest ano Secured Party�s ngnts under this
<br /> ApreemenC
<br /> (iaciq Not use or keep any caneteral,or permit fl to be used or kept,for any unlawful purpose ur m v�ptaUon of any fetlerai,state or local lew.stalute or
<br /> adnence,and �
<br /> ��KIII► Not pertnA any tang�blo Collateral Io beCOme paA o�or to be aHixed to any real pro�rry wilhout hrst assunng to the reasoneble satisfaction ot ''�
<br /> ured PeAylhatthe Secunly Interest wnll heprar and semorto any�nterest orfien thenheld orlhereafter acquire�!by any mortgegeeof sucn real propehy or 1
<br /> the owner a purehaser o1 any mlerest therem �
<br /> ' II Debta at any qme fa�ls to pedorm or observe anYagreement contamed nere�n,and d such la�lure 3hall conbnue for a penod al len calendar deys afler •
<br /> ;�� ,, � SecuredPerlygrveaDebtorwmtennot�cethereot�a.inlhecaseoftheagreementscontamodmclausesxvni,x�x,andxzoflhisSBGion4�q,immedialely upon ,
<br /> the occurrence ol euch lailure,wAhout rat�ce or lepse ol time�.Secured Parry may Ibut need not)perform a observn such agreement on behaq and m Iho ��,
<br /> , . nama.ptace ars.i�aad�f Oottar;a,ai Saca;c�PaRy's opl�on,�n S��re:!P3^.y'°_om+name)and may�hut nawq not�take any and ell other actfone wh�ch . _ .
<br /> � � 3acuredParlyrtwyreasone6lydeemnecessarytocureorconectsuchfadure(mcludmg,wdhoWhmnaUOn.thepayme�toflaxes.thesaUSfactronofsecurdy .
<br /> �. intereSts,Ilens,or mcumDrances,the performa�ce of oWigat�ons under coMracts or agreements xnth Account DeWororother obGgors,the proCUrement and
<br /> mAfntenence of�nsurance,lhe execupon ol finenc�ng statements,the endorsement of mstrumentg,ana Ihe procurement ot repa�rs.IranspoA�Ilon or ,
<br /> � msurance►;end,e«cepltolheextentthattheeflectofsuchpaymentwouldbetorenderanybanorlorehearanceofmoneyusunousorothenv�se�llegalunder
<br /> � any applicabte law.Debtor ehall Ihereupon pay Sr3cw�ed Party on demand Ihe amounl of all momes expended and all costs and expenses(meludmg .
<br /> reasonebleattomey 6 teesllncurred by Secured PaAy m connecdunwithor asa rasull ot Secured Party s peAorming orobserv�ng such agreementsortakmg
<br /> � such actione,including all costs end expenses�ncurred m a�y8ankruptCyproCeeding,together wdh mterest Ihereon Irom Ihedate expended or mcurretl by
<br /> * SecuredPa�1y atthehrghestratethenepplicebleloanyoflheObligaUOnsTolBGUtalelheperformanceorobservancebySecureC�ertVOfsuchagreements
<br /> t ol Debtor,Oe6torhereby�rrevocably appomis(wh�ch appointment�scoupled wdh an interest)5ecured Party,or�ts delegate as the attorney•�n-facl ot Oebtor
<br /> wdh the rlght�butnot thedury�tromtime toume tocreate,prepare.Complete,oxecute,delrver.endorse.or tde,m the name and on behall ot Debtor,any and all
<br /> Instruments.documents,(inenctng slatements.aOP��caUOns for insurance and other egreements an0 wrdmgs requvedto be obtamed,execuled.dellvered or
<br /> endorsed by Oobtor under Ihis sechon 4 ta pe�fect or protecl Ihe Secunry Inleresl granted herem
<br /> S. Loek Box,Cash Collaterel Aeeount.II Secured Party so requests at any t�me�wholher belore or aRer the oCCUrrence o18n
<br /> Evenlol Default�,Debta w�ldfrect each of ds Account Debtars to make payment due under Ihe relevant Account dueclly to a speael Iock box to 6e under
<br /> the contrd ot Secured Pany.Deblor nereby aulhonzea and d�recls Secured Party ta deposd mto a speaal cash collaterai account here�n referred lo as
<br /> "CeehCoYeteralACCOUnt' IobeestablishedandmamtamedNnthSecuredParryallcnecks.drahsandcashpnymenlsreceivod�nsa�dbckbox.AMdeposds
<br /> ' In oAld Cash CollaleralAccaunt shall constdule prxeeds of Collate�al a�d shnll not consUtule paymonl of any Obl�gaUOn.A1 its opUOn,Secured Parry may.
<br /> • (but need not►,al any tme apply hnally coAected lunua on dopos�t m sa�d Cash Couateral Account to Ine payment ot the Obligalwns�n such order of
<br /> � epp Ilcedon ac Seoured PaAy may detemune�which applicetion and payment is hereby approved and authonzed by Oebter as payment of any such
<br /> Oblfgatlonasifm9deby Deblormlheregulnrca�rseolconductandbusmes5ol�ebtor�orpermitDebtorlowdhdrawallotanypartnfthebalanceondeposd
<br /> In said Cesh CoNeterefAccount.II a Cash Collateral ACCOUnt is so estaW�shed.Deblor sgrees Ihat d w��i prnmplly deliver to Secured Perty.�or depos�t mto
<br /> sefd ateount,all peyments on Accounts recewed by�I All such paymen►s shall be delrvered to Secured Party m Ihe lorm recelved(9xCep1lor Debtor s
<br /> enporsement where necessery�
<br /> ' 6. Colleetton Rlghts of Seeured Party. Notwdhstanding SelcweA PaAy s nghts unaer Seclion 5 wdh respecl lo any and all
<br /> � debt inatruments,chaqel pepers.Accounts,and other nghts b paymenl conslduting Collatoral(mc�ud�ng proceeds�.Secu�ed Party may.at any Ume(both
<br /> before and afler Ihe occurrence o1 a�Event ol 0elautll not�ty a�y Account Debtor.or Any otner person obl�gated to pay any amount due,that such chattel
<br /> '� � peper,AcCOUnt,a other right to paymenl has been ass�gnetl or Iransferred to Securea Farty�or secunty and shell be pa�d direClly to Secured Parry tl
<br /> ( �.. SeCUred Perry so requests at any Ume.Debtor w�ll so notdy such Account Debtas and other Wligors m wntmg and wiil indicate on all�nvoices lo sucn
<br /> :� , AccounlDebtorsorOtherobligorsthattheamounldue�spayabled�rectlyloSecuredParty Alanyhmeafler5ecurotlPnrtyorDebtorg�vessuchrwUCetoa�
<br /> .1 AcCOUnt Deblor Or Olher qb4gor,Secured Party may(bul need nall.�n ds own narne oi m Debtor s name.demand.sun for.collect or recerve any monqy or
<br /> property eteny lime peyeb�e or reCewaWe on ar.count ot.or secu�mg,any such c h�tle�paper.Accounl.or olhe�nqht lo pnyment or qrnnt eny exlension to.
<br /> make a�y compromise or sett�emenl with a otherw�se agree to wawe.modily.amend or r.h�nqe tho ObhqaUOns I�nciudmg collateml ob�paUOns)01 any
<br /> 5uch ACCOUM Oebtor a other obugor
<br /> �. Assipnment of Insu�anee.Deblo�nereny ass�yns to Sacured Party,is addd�onai secunty for the paymont ot the Obhgations.
<br /> • any andallmoneys(�nludngbutnothmdedtopruceedsofmsuranceandrelunAsOfunearnedprem�umslc�ueortubecomeCueunder and811othernghts
<br /> � OF DBWOr underor w�th respect toany and an pohcies ul msurance covennq the Collateral.and Debtor nereby dneCts the�ssuer ol any suCh pohcy to pay any
<br /> SuCh moneys directly t0 Secured PaAy Both beforP and aHer the occurrenceo�nn Event of Detaull.Securrd P�Ay may Ibut need notl.�n�IS own name or in
<br /> _.�.�� D6bfOYS 08111@.8X@CUIQ AOtl d@IrvB�p►OOIS O�d8�m.�E'CBiv�811 SU�h rpOnPyS.6ndOBP ChOCkS dnd Other in5trumB�IS r@pr@S@nli�(]peymBnlO�SuCh tt1011@y8.
<br /> � aed ad�ust.Idigate.comprom�se or release any cla�m agamst Ihe�ssuei ot nny such puhcy
<br /> 8. EventsofDefault.Eachollhefo�low�nyoccurrencesSnallronsUtute��novenl�ddetaultunderth�sA9�eemeM�heremc�lled Even�
<br /> of Delaulf'�;p)Oebtor or other obl�gor shalHad to pay thn prmupa�ur�rnprest ol any Obhgauon secured hereby.or any mstallmCnt thereof or any other sum
<br /> '��- due thereaRer when due or 1�1 payable on demand)an demand.or yhali fn�i t���bse!rvc ur pe�1o�m iny cc�venant or agreemant here�n or�n any olher
<br /> dOCUmBnlgivenm conneclron w�lh any ol lhe Obugations.(��l�ny represent�Uon ur w:�rranty by Debtor sat fohh�n Ih�s Aqreement or made to Secured Party
<br /> n eny hngnC�al stetements or reports subm�ried to Secw�d Party by or on behai�M Debtoi shan provr�maten:�uy Ialse or m�sieadmg.P��I Debtor or any
<br /> � guerentor of any Obligatian shnll�Al lmi to conduct ds bus�ne^ss subst�ntiaiiy�s n�w conducteA or 181�I Oebtor�c a corporal�on Ihe sale.Ira�sfer,or
<br /> conveyance of a ma�o��ly dthe stock or any o1 the as5ets o1 Dobtor_or I CI be or bc?comp msulvHnt�however dehnedl or genera�ly tad lu pay ds debts as they
<br />� � uot.an�ai tiutr.vi jvl��'n�i�dre���cu'e ••�•. ••°•�'�'L`^•••�•'.^�•,_,,�''�m�nr�n�rnan���unn unAer Iht?Urnted SI�tOS BankruDtCV . .
<br /> ' yo�no::.7v:6.:o^:�........:::':�?....
<br /> Code:or�E)md�ale or nave m�Uaretl Agamst rt.vountmiiy�x mvoluntanry.any act.process or praePdmq under any mso�vency�:�w or other staWte o�law
<br /> � prowdmg br the modd�catwn or ao�uslrnent ot Iho nqht ul c ruddo�s.or I F I d Deblor�s a corpor aUOn.5uch�orporaUOn shau�d be A�s�o�ved or hqwdated or.d r
<br /> partnBrBhip,sufler lhe duath ot a p8nner or d dn�ncl�wdwU.d�a I rvl Sec wecl F.u1Y shall m q�wd ladh bctl�i�ve Ihat IhB prOSpect Of duo.1n0 pultG�u�1 pdVmBht Ot
<br /> pny Or ell ot�he Obligahons�5���pmreil
<br /> 9. RemediesuponEventofDefault.UponlhNOCCUrrenc�u�ankvenlulDelAUllanda�.�nyumelhan±ater.5ecu�e4Panvmayat
<br /> Aa optan.exarc�se any one or more ot tne�onowmq r�qnls and retmed�es 10 ded.�re all unm.uurrd Ubi�gauons s<arured he�reby to be�mmed�ateW due a�d
<br /> peyeble,endthgsemeshadlhereuponbe�mmed�atelydue!andpay�bl�wdhoutpresenlm�nlorothrrnoUCCOrdemand r�lr■air�seand�nlorceanyoraii
<br /> nght8undramed�esevqdaMeupu�delaulltoasecuredp��tyundorthxUndo�mCommurr.i.11C�xlo.ini'iuAmqbu1nn11�m�1�dW R��nyh�ttll7kepOSSPSSio�
<br /> o(any CMiateral.proceed�ng w�IhoiA or by�udic�ai praess o�bv I�d�r�ai procesti iwdhuut a pr�o�h�i��ng or not�cP thereof.wh�ch UrblOr hprpby @tpresSW
<br /> wawesl.and Ihe nghno se�.iease or anerw�se d�sPose uf any ur,{II Ul lh(COII71NI;fl .�nd�n cu��nPC Lun thp�.?Wdh Sc+[u�ed P.utv may requ�re Debtor to
<br /> assemblelhe Collateral and make d;rva��ede lo Secuied P.�Ay al ap�ace tu beAes�qn,�Ied Uy 5ecwetl pahV wh�ch�s rras�mnply cov�n�ent W bOlh part�o5
<br /> � end d nO1MB to Debtor ot any mtended ai5pos�LO��ot Coll�tteral�x,�ny o1hNr mlrnd�Yt ai Pun�s�equ�red by�aw m,i pc�h�cuiar�nstana�tiuch npUCe sheu be
<br /> A9@T@A COB1R1B1f,lAllY fQ850113GIB 11 QryCf1IiR 1h0 rt1;�hOAf S(WC d�P(1 ill SP('UlM 1 1 I:II Ip,asl 10 ralonAiu d.�yti Pnor to thp qaN•nl�ntpnA<�A tl�5pocd�Un nr ulhpr
<br /> BCt�On.U�q exeiC�sn or enlorCU any Or.tll IhC�r r�qi�l�ir re�m��d�eL.w,id.iba�t�,tiri�u�r�t l'.i�ty bY�,�w n�.�yrrrm�•nt.�q,un�.t mr l'��u.�tri.0 .�qa�net f)e�btor i,r
<br /> l' egamat any olna��rwn ix propertv
<br /> �
<br />
|