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Agreement, any one or more of the following events, whether or not any requirement for the giving of notice the lapse of time, or both, has been satin fied)l. SECTION 5.1. Payment of Obligations. If Pledgor fails to pay to the Secured Party the Pledged Amounts within two (2) business days of receipt of a request for payment from the Secured Party; or SECTION 52. Perform, etc. Other Provisions of This Agreement. The failure of the Pledgor to perform, observe or comply with any of the provisions of this Agreement other than those covered by Sections 5.1 above, and, such failure is not cured to the satisfaction of the Secured Party within a period of thirty (30) days after the date of written notice thereof by the Secured Party to the Pledgor; unless the nature of such failure is such that (a) in the reasonable opinion of the Secured Party it cannot be cured within the thirty (30) day period, (b) the Pledgor institutes corrective action within the thirty (30) day period, (c) the Pledgor diligently pursues such action and (d) such failure is cured to the satisfaction of the Secured Party within a period of thirty (30) days after the date of such written notice; or SECTION 5.3. Representations and Warranties. If any representation and warranty contained herein or any statement or representation made in any officer's certificate or any other information at any time given by or on behalf of the Pledgor or furnished in connection with this Agreement or any of the other Financing Documents shall prove to be false or incorrect in any material respect on the date as of which made; or SECTION 5.5. Default under Other Financina Documents. An Event of Default occurs under any of the other Financing Documents (other than this Agreement)l,, which is not cured within applicable cure or grace periods, if any. SECTION 5.6. Pavment of Loan Equalization Pgyment. If Pledgor fails to pay the Loan Equalization Payment on or before August 1, 2011, unless the Servicing Agent determines that no such payment is required to be made. ARTICLE VI RIGHTS AND REMEDIES SECTION 6. 1. Rivhts and Remedies of the Secured Party. Upon and after the occurrence of an Event of Default,, the Secured Party may, without notice or demand other than as expressly provided for under the provisions of this Agreement, exercise in any jurisdiction in which enforcement hereof is sought, the following rights and remedies, in addition to the rights and remedies available to the Secured Party under the other provisions of this Agreement and the other Financing Documents, the rights and remedies of a secured party under the UCC and all other rights and remedies available to the Secured Party under applicable law, all such rights and remedies being cumulative and enforceable alternatively, successively or concurrently.- (a), Transfer the Collateral or any part thereof unto the name of the Trustee or Servicing Agent or its nominee, and apply, at the written direction of the Servicing Agent, the # 420053 011367-0283 0