201007999 - Laserfiche WebLink

Browse

2oioo79s9 Administrative Agent in connection with any such receivership shall be a demand obligation (which obligation Mortgagor hereby expressly promises to pay) owing by Mortgagor to Administrative Agent and shall bear interest, from the date of malcing such advancement by Administrative Agent until paid, at the rate set forth in Section 2.12(c) of the Credit Agreement. Section 4.6. Froceeds of Poreclosure. The proceeds of any sale held in foreclosure of the Liens, privileges, and/or security interests evidenced hereby shall be applied as required by any applicable Requirement of Law, or in the absence of any such requirement ian accordance with Section 8.2 af the Credit Agreement. Section 4.7. Secured Partv as Purchaser. Any party constituting a Secured Party under the Credit Agreement shall have the right to bid for and to become the purchaser at any sale held in foxeclosure of the Liens, privileges, andJar security interests evidenced hereby, and any party constituting a Secured Party which is pwrchasing at any such sale shall have the right to credit upon the amount of the bid made therefor, to the extent necessary to satisfy such bid, the secured indebtedness owing to such party, or if such party holds less than all of such indebtedness, the pro rata part thereof owing to such party, accounting to Administrative Agent or any Secured Party, if such party is not joining in such bid, in cash for the portion of such bid or bids apportionable to such non-bidding Secured Party or Secured Parties. Administrative Agent shall have the right to bid for and become the purchaser at any sale held in foreclosure of the Liens, privileges, and/or security interests evidenced hereby and shall be entitled to apply all or any part of the indebtedness as credit to the purchase price to the �xtent pearmitted by any applicable Requirement of Law Section 4.$. Foreclosure as to Matured Debt. Upon the occurrence of a default, Administrative Agent shall have the right to proceed with foreclosure of the Liens, privileges, and/or security interests evidenced hereby without declaring the entire secured indebtedness due, and in such event, any such foreclosure sale may be made subject to the unmatured part of the secured indebtedness and shall not in any manner affect the unmatured part af the secured indebtedness, but as to such unmatured part, this Mortgage shall remain in full force and effect just as though na sale had been made. The proceeds of such sale shall be applied as provided in Section 4.6. Sev�ral sales may be made hereunder without exhausting the right af sale for any unmatured part of the secured indebtedness. Section 4.9. Remedies Cumulative. All remedies herein provided for are cumulative of each other and of all oth�r remedies existing at any applicable Requirement of Law ar in equity and are cumulative af any and all other remedies provided for in any other Loan Document, any Specified Swap Agreement or any Specified Cash Management Agreement, and, in addition to the remedies herein provided, there shall continue to be available all such other remedies as may now or hereafter �xist at Law or in equity for the collection of the secured indebtedness and the enforcement of tlae cove;nants herein and the fareclosure of the Liens, privileges, and/or security interests evidenced hereby, and the resort ta any remedy provided for hereunder, under any such other Loan Document, under any Specified Swap Agreement, any Specified Cash Management Agreement, or provided for by any Requirement of Law shall not prevent the concurrent or subsequent employment of any other appropriate remedy or remedies. C�i7