BY LESSOR;
20.1.5.
RENDER THE EQUIPMENT UNUSABLE IN SUCH MANNER AS IS
REASONABLE UNDER THE CIRCUMSTANCES AND AS MAY BE ALLOWED BY APPLICABLE LAW;
20.1.6.
DISPOSE OF THE EQUIPMENT, AS LESSOR IN THE GOOD
FAITH EXERCISE OF ITS DISCRETION DEEMS NECESSARY OR APPROPRIATE;
20.1.7.
WITHOUT DEMAND, ADVERTISEMENT OR NOTICE OF ANY KIND
(EXCEPT SUCH NOTICE AS MAY BE REQUIRED UNDER THE UNIFORM COMMERCIAL CODE, IF
APPLICABLE, AND ALL OF WHICH ARE, TO THE EXTENT PERMITTED BY LAW, HEREBY
EXPRESSLY WAIVED), SELL, RESELL, LEASE, RE-LEASE OR DISPOSE OF THE EQUIPMENT IN
ANY MANNER;
20.1.8.
IF NOT ALREADY THE PROPERTY OF LESSOR, PURCHASE THE
EQUIPMENT AT PUBLIC SALE WITH CREDIT ON ANY AMOUNTS OWED;
20.1.9.
IF NOT ALREADY THE PROPERTY OF LESSOR, PURCHASE THE
EQUIPMENT AT PRIVATE SALE FOR A PRICE AND ON SUCH TERMS AS IS DETERMINED BY AN
INDEPENDENT APPRAISER APPOINTED BY LESSOR TO BE THE PRICE AND TERMS AT WHICH A
WILLING SELLER WOULD BE READY TO SELL TO AN ABLE BUYER;
20.1.10.
PROCEED IMMEDIATELY TO EXERCISE EACH AND ALL OF THE
POWERS, RIGHTS, AND PRIVILEGES RESERVED OR GRANTED TO LESSOR UNDER THIS
AGREEMENT;
20.1.11.
SUBJECT TO APPLICABLE AND APPROPRIATE GAMING LAWS,
RULES, LAWS AND REGULATIONS, AND REQUIRED APPROVALS, TAKE POSSESSION, SELL
AND/OR RE-LEASE ANY UNIT OF THE EQUIPMENT AS LESSOR MAY DESIRE, IN ITS SOLE
DISCRETION WITHOUT DEMAND OR NOTICE, WHEREVER THE SAME MAY BE LOCATED, WITHOUT
ANY COURT ORDER OR PRE-TAKING HEARING, ANY AND ALL DAMAGES OCCASIONED BY SUCH
RETAKING BEING SPECIFICALLY WAIVED HEREIN BY LESSEE;
20.1.12.
TAKE CONTROL OF ANY AND ALL PROCEEDS TO WHICH LESSEE IS
ENTITLED;
20.1.13.
EXERCISE ANY OTHER REMEDIES AVAILABLE TO A LESSOR UNDER
THE UNIFORM COMMERCIAL CODE IF APPLICABLE;
13
20.1.14.
IMMEDIATELY SEEK EQUITABLE RELIEF IN A COURT OF
COMPETENT JURISDICTION TO ENJOIN A BREACH OF THIS AGREEMENT WHERE SAID BREACH OR
THREATENED BREACH WOULD CAUSE IRREPARABLE HARM TO LESSOR; AND/OR
20.1.15.
EXERCISE ANY OTHER RIGHTS OR REMEDIES PROVIDED OR
AVAILABLE TO LESSOR AT LAW OR IN EQUITY.
20.2.
WITH RESPECT TO ANY EXERCISE BY LESSOR OF ITS RIGHT
TO RECOVER AND/OR
DISPOSE OF THE EQUIPMENT UNDER THIS LEASE OR ANY LEASE
SCHEDULE, LESSEE ACKNOWLEDGES AND AGREES AS FOLLOWS: (I) LESSOR SHALL HAVE NO
OBLIGATION, SUBJECT TO THE REQUIREMENTS OF COMMERCIAL REASONABLENESS, TO
CLEAN-UP OR OTHERWISE PREPARE THE EQUIPMENT FOR DISPOSITION, (II) LESSOR MAY
COMPLY WITH ANY APPLICABLE STATE OR FEDERAL LAW REQUIREMENTS IN CONNECT ON WITH
ANY DISPOSITION OF THE EQUIPMENT AND ANY ACTIONS TAKEN IN CONNECTION THEREWITH
SHALL NOT BE DEEMED TO HAVE ADVERSELY AFFECTED THE COMMERCIAL REASONABLENESS OF
ANY DISPOSITION OF SUCH EQUIPMENT, (III) IF LESSOR PURCHASES ANY OF THE
EQUIPMENT AT PUBLIC OR PRIVATE SALE, LESSOR MAY PAY FOR THE SAME BY CREDITING
SOME OR ALL OF LESSEE'S OBLIGATIONS UNDER THIS LEASE OR ANY LEASE SCHEDULE.
20.3.
NO WAIVER BY LESSOR, ITS AFFILIATES, SUCCESSORS OR
ASSIGNS, OF ANY DEFAULT, INCLUDING, BUT NOT LIMITED TO, ACCEPTANCE OF LATE
PAYMENT AFTER THE SAME IS DUE, SHALL OPERATE AS A WAIVER OF ANY OTHER DEFAULT OR
OF THE SAME