📄 Extracted Text (697 words)
indebtedness at any time owing by Lender to or effective: if sent by mail, 3 days after deposit in the
for the credit or the account of Debtor against any mails, postage prepaid; if sent by facsimile, when
and all of the Obligations, whether or not Lender sent with a confirmation received; if delivered by
shall have made any demand under this hand or courier, when delivered against a receipt
Agreement and although such Obligations may be therefor; if sent by overnight courier, on the next
unmatured. Lender agrees promptly to notify business day; or in the case of Paragraph 4, when
Debtor after any such setoff and application, given by telephone, in each case to the address
provided, however, that the failure to give such below. Each party may change its address for
notice shall not affect the validity of such setoff notices by written notice to the other.
and application. The rights of Lender under this
Paragraph are in addition to any other rights and 15. DEBTOR AND LENDER EACH
remedies (including, without limitation, other HEREBY IRREVOCABLY WAIVES, TO THE
rights of setoff) that Lender may have. FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT TO A
13. Debtor will indemnify and hold Lender JURY TRIAL IN ANY ACTION OR
harmless for, and pay in U.S. dollars all liabilities, PROCEEDING ARISING OUT OF OR
losses, damages, claims, taxes, penalties, costs, fees RELATING TO THIS AGREEMENT OR THE
and expenses of any kind, including attorneys' fees, TRANSACTIONS CONTEMPLATED
imposed upon, incurred by or asserted against HEREBY. In any action or proceeding arising out
Lender in connection with this Agreement, the of or relating to this Agreement, Debtor hereby
custody, care, preservation, sale or disposition of accepts, for itself and its property, the non-
any Collateral, and the enforcement of Lender's exclusive jurisdiction of the courts of the State of
rights hereunder. All payments hereunder shall be New York, and the federal courts in New York
made without setoff or counterclaim, and free and City, and agrees that effective service of process
clear of, and without deduction for or on account may be made on Debtor by mailing same to
of, any present or future income, stamp or other Debtor's address set forth below. Lender may
taxes, levies, imposts, duties, charges, fees, proceed against Debtor in any other applicable
deductions or withholdings, and all interest, jurisdiction, and may serve process in any other
penalties and other liabilities with respect thereto manner permitted by applicable law. Debtor
(collectively, "Taxes"), now or hereafter imposed, hereby irrevocably waives any objection Debtor
levied, collected, withheld or assessed by any may now or hereafter have to the laying of venue in
jurisdiction, or any department, agency, state, the aforesaid courts, and any claim that any of the
political subdivision or taxing authority thereof or aforesaid courts is an inconvenient forum. To the
therein. If any Taxes are so levied or imposed, extent that Debtor or Debtor's property may have or
Debtor agrees to pay the full amount thereof, and hereafter acquire immunity, on the grounds of
such additional amounts as may be necessary so sovereignty or otherwise, from any judicial process
that each net payment received by Lender will not in connection with this Agreement, Debtor hereby
be less than the amount provided for herein. irrevocably waives, to the fullest extent permitted
Debtor will furnish to Lender within 30 days after by law, any such immunity and agrees not to claim
each payment of Taxes is due, originals or same. Debtor agrees that a final judgment in any
certified copies of tax receipts evidencing such such action or proceeding shall be conclusive, and
payment. The provisions of this Paragraph shall may be enforced in any other jurisdiction by suit on
survive repayment of the Obligations and the judgment or in any other permitted manner.
termination of this Agreement. Debtor further agrees that in any action or
proceeding by Debtor against Lender in respect to
14. Any notice to Lender or Debtor shall be any matters arising out of, or in any way relating to,
Confidential
Confidential
46178v12
-6-
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0088000
CONFIDENTIAL SDNY GM_00234184
EFTA01386345
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EFTA01386345
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