October 15, 2012 - City of Laredo
October 15, 2012 - City of Laredo October 15, 2012 - City of Laredo
(f) An order, judgment or decree shall be entered by any court of competent jurisdiction, approving a petition or appointing a receiver, trustee, custodian or liquidator for Lessee or of all or a substantial part of the assets of Lessee, in each case without its application, approval or consent, and such order, judgment or decree shall continue unstayed and in effect for any period of 30 consecutive days. Section 12.02. Remedies on Default. Whenever any Event of Default exists, Lessor shall have the right, at its sole option without any further demand or notice, to take one or any combination of the following remedial steps: Term or Renewal Term to be due; where the Equipment is located and retake pos Lessee's expense to promptly return any or all such place within the United States as Lessor s ntal Payments payable by e then current Original from legally available funds, for th Lessee and other amounts hereunder ble by Lessee to the end of , and (ii) the net proceeds of brokerage, auctioneer's and r action at law or in equity may appear necessary or Agreement or the Acquisition Fund Agreement or as a dy Exclusive. No remedy herein conferred upon or reserved to delay or omission to right or power or shall be construed to be a waiver thereof, but any such right or power may be exercised from time to time and as often as may be deemed expedient. In order to entitle Lessor to exercise any remedy reserved to it in this Article it shall not be necessary to give any notice other than such notice as may be required in this Article.
Section 13.01. Notices. All notices, certificates or other communications under this Agreement shall be sufficiently given and shall be deemed given when delivered or mailed by registered mail, postage prepaid, or delivered by overnight courier, or sent by facsimile transmission (with electronic confirmation) to the parties hereto at the addresses immediately after the signatures to this Agreement (or at such other address as either party hereto shall designate in writing to the other for notices to such party) and to any assignee at its address as it appears on the registration books maintained by Lessee. Section 13.02. Binding Effect. This Agreement shall i e benefit of and shall be binding upon Lessor and Lessee and their respective succes Section 13.03. Severability. In the event any nt shall be held invalid or unenforceable by any court of comp or render unenforceable any other provision h Section 13.04. Amendments, Changes amended by Lessor and Lessee in writing. Section 13.05. Execution in ement may be simultaneously executed in several counterparts, ea inal and all of which shall accordance with the erned by and construed in this Agreement are for be the scope or intent of any provisions or THIS AGREEMENT AND EXHIBITS ER INSTRUMENTS, DOCUMENTS AND DELIVERED IN CONNECTION THEREWITH ARTIES HERETO AND ALL PRIOR COMMITMENTS, AGREEMENTS, TANDINGS, WHETHER WRITTEN OR ORAL, NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSS10 [Remainder of Page Intentionally Left Blank] [Signature Page Follows]
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(f) An order, judgment or decree shall be entered by any court <strong>of</strong> competent<br />
jurisdiction, approving a petition or appointing a receiver, trustee, custodian or liquidator for<br />
Lessee or <strong>of</strong> all or a substantial part <strong>of</strong> the assets <strong>of</strong> Lessee, in each case without its application,<br />
approval or consent, and such order, judgment or decree shall continue unstayed and in effect for<br />
any period <strong>of</strong> 30 consecutive days.<br />
Section 12.02. Remedies on Default. Whenever any Event <strong>of</strong> Default exists, Lessor shall<br />
have the right, at its sole option without any further demand or notice, to take one or any<br />
combination <strong>of</strong> the following remedial steps:<br />
Term or Renewal Term to be due;<br />
where the Equipment is located and retake pos<br />
Lessee's expense to promptly return any or all<br />
such place within the United States as Lessor s<br />
ntal Payments payable by<br />
e then current Original<br />
from legally available funds, for th<br />
Lessee and other amounts hereunder ble by Lessee to the end <strong>of</strong><br />
, and (ii) the net proceeds <strong>of</strong><br />
brokerage, auctioneer's and<br />
r action at law or in equity may appear necessary or<br />
Agreement or the Acquisition Fund Agreement or as a<br />
dy Exclusive. No remedy herein conferred upon or reserved to<br />
delay or omission to<br />
right or power or shall be construed to be a waiver there<strong>of</strong>, but any such right or power may be<br />
exercised from time to time and as <strong>of</strong>ten as may be deemed expedient. In order to entitle Lessor<br />
to exercise any remedy reserved to it in this Article it shall not be necessary to give any notice<br />
other than such notice as may be required in this Article.