BANK A WRITTEN NOTICE OF THE REQUEST ADDRESSED TO THE BANK
AT THE ADDRESS SHOWN ON THE BORROWER'S PERIODIC CREDIT LINE ACCOUNT STATEMENTS.
ANY NOTICE WILL BECOME EFFECTIVE THREE BUSINESS DAYS AFTER THE DATE THAT THE
BANK RECEIVES IT, AND EACH JOINT BORROWER WILL CONTINUE TO BE RESPONSIBLE FOR
PAYING (I) THE CREDIT LINE OBLIGATIONS AS OF THE EFFECTIVE DATE OF THE NOTICE,
AND (II) ALL ADVANCES THAT ANY JOINT BORROWER HAS REQUESTED BUT THAT HAVE NOT
YET BECOME PART OF THE CREDIT LINE OBLIGATIONS AS OF THE EFFECTIVE DATE OF THE
NOTICE. NO NOTICE WILL RELEASE OR IN ANY OTHER WAY AFFECT THE BANK'S INTEREST IN
THE COLLATERAL. ALL SUBSEQUENT REQUESTS TO REINSTATE CREDIT PRIVILEGES MUST BE
SIGNED BY ALL JOINT BORROWERS COMPRISING THE BORROWER, INCLUDING THE JOINT
BORROWER REQUESTING THE SUSPENSION OF CREDIT PRIVILEGES. ANY REINSTATEMENT WILL
BE GRANTED OR DENIED IN THE SOLE AND ABSOLUTE DISCRETION OF THE BANK.
C)
ALL CREDIT LINE OBLIGATIONS WILL BECOME IMMEDIATELY DUE AND PAYABLE IN
FULL AS OF THE EFFECTIVE DATE OF ANY SUSPENSION OR CANCELLATION OF THE CREDIT
LINE. THE BORROWER WILL BE RESPONSIBLE FOR THE PAYMENT OF ALL CHARGES INCURRED
ON THE ADVANCES AFTER THE EFFECTIVE DATE. THE BANK WILL NOT RELEASE ANY LOAN
PARTY FROM ANY OF THE OBLIGATIONS UNDER THIS AGREEMENT OR ANY RELATED AGREEMENT
UNTIL THE CREDIT LINE OBLIGATIONS HAVE BEEN PAID IN FULL AND THIS AGREEMENT HAS
BEEN TERMINATED.
8)
COLLATERAL; GRANT OF SECURITY INTEREST; SET-OFF
A)
TO SECURE PAYMENT OR PERFORMANCE OF THE CREDIT LINE OBLIGATIONS, THE
BORROWER ASSIGNS, TRANSFERS AND PLEDGES TO THE BANK, AND GRANTS TO THE BANK A
FIRST PRIORITY LIEN AND SECURITY INTEREST IN THE FOLLOWING ASSETS AND RIGHTS OF
THE BORROWER, WHEREVER LOCATED AND WHETHER OWNED NOW OR ACQUIRED OR ARISING IN
THE FUTURE. (I) EACH COLLATERAL ACCOUNT, (II) ANY AND ALL MONEY, CREDIT
BALANCES, CERTIFICATED AND UNCERTIFICATED SECURITIES, SECURITY ENTITLEMENTS,
COMMODITY CONTRACTS, CERTIFICATES OF DEPOSIT, INSTRUMENTS, DOCUMENTS,
PARTNERSHIP INTERESTS, GENERAL INTANGIBLES, FINANCIAL ASSETS AND OTHER
INVESTMENT PROPERTY NOW OR IN THE FUTURE CREDITED TO OR CARRIED, HELD OR
MAINTAINED IN ANY COLLATERAL ACCOUNT. (III) ANY AND ALL OVER-THE- COUNTER
OPTIONS, FUTURES, FOREIGN EXCHANGE, SWAP OR SIMILAR CONTRACTS BETWEEN THE
BORROWER AND EITHER UBS FINANCIAL SERVICES INC. OR ANY OF ITS AFFILIATES,
(IV) ANY AND ALL ACCOUNTS OF THE BORROWER AT THE BANK OR ANY OF ITS AFFILIATES,
(V) ANY AND ALL SUPPORTING OBLIGATIONS AND OTHER RIGHTS ANCILLARY OR
ATTRIBUTABLE TO, OR ARISING IN ANY WAY IN CONNECTION WITH, ANY OF THE FOREGOING,
AND (VI) ANY AND ALL INTEREST, DIVIDENDS, DISTRIBUTIONS AND OTHER PROCEEDS OF
ANY OF THE FOREGOING, INCLUDING PROCEEDS OF PROCEEDS (COLLECTIVELY, THE
"COLLATERAL").
B)
THE BORROWER AND IF APPLICABLE, ANY PLEDGOR ON THE COLLATERAL ACCOUNT,
WILL TAKE ALL ACTIONS REASONABLY REQUESTED BY THE BANK TO EVIDENCE, MAINTAIN AND
PERFECT THE BANK'S FIRST PRIORITY SECURITY INTEREST IN, AND TO ENABLE THE BANK
TO OBTAIN CONTROL OVER, THE COLLATERAL AND ANY ADDITIONAL COLLATERAL PLEDGED BY
THE PLEDGORS, INCLUDING BUT NOT LIMITED TO MAKING, EXECUTING, RECORDING AND
DELIVERING TO