FOR ANY STAY OF EXECUTION TO BE
ISSUED ON ANY JUDGMENT RECOVERED IN CONNECTION WITH THE BANK INDEBTEDNESS OR IN
ANY REPLEVIN OR FORECLOSURE PROCEEDING, OR OTHERWISE PROVIDING FOR ANY
VALUATION, APPRAISAL OR EXEMPTION;
(C)
PRESENTMENT FOR PAYMENT, DEMAND, NOTICE OF DEMAND, NOTICE OF
NON-PAYMENT, PROTEST AND NOTICE OF PROTEST OF ANY OF THE BANK INDEBTEDNESS;
(D)
ANY REQUIREMENT FOR BONDS, SECURITY OR SURETIES REQUIRED BY
STATUTE, COURT RULE OR OTHERWISE;
(E)
ANY DEMAND FOR POSSESSION OF COLLATERAL PRIOR TO COMMENCEMENT OF
ANY SUIT; AND
(F)
ALL RIGHTS TO CLAIM OR RECOVER ATTORNEY'S FEES AND COSTS IN THE
EVENT THAT PLEDGOR IS SUCCESSFUL IN ANY ACTION TO REMOVE, SUSPEND OR PREVENT THE
ENFORCEMENT OF A JUDGMENT ENTERED BY CONFESSION.
18.
EXCLUSIVE JURISDICTION.
PLEDGOR HEREBY CONSENTS TO THE EXCLUSIVE
JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN THE COMMONWEALTH OF
PENNSYLVANIA, AND IRREVOCABLY AGREES THAT, SUBJECT TO THE BANK'S ELECTION, ALL
ACTIONS OR PROCEEDINGS RELATING TO THIS PLEDGE OR THE TRANSACTIONS CONTEMPLATED
HEREUNDER SHALL BE LITIGATED IN SUCH COURTS, AND PLEDGOR WAIVES ANY OBJECTION
WHICH PLEDGOR MAY HAVE BASED ON IMPROPER VENUE OR FORUM NON CONVENIENS TO THE
CONDUCT OF ANY PROCEEDING IN ANY SUCH COURT AND WAIVES PERSONAL SERVICE OF ANY
AND ALL PROCESS UPON PLEDGOR, AND CONSENTS THAT ALL SUCH SERVICE OF PROCESS BE
MADE BY MAIL OR MESSENGER DIRECTED TO PLEDGOR AT THE ADDRESS SET FORTH IN
SECTION 15.
NOTHING CONTAINED IN THIS SECTION 18 SHALL AFFECT THE RIGHT OF BANK
TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR AFFECT THE RIGHT
OF BANK TO BRING ANY ACTION OR PROCEEDING AGAINST PLEDGOR OR PLEDGOR'S PROPERTY
IN THE COURTS OF ANY OTHER JURISDICTION.
19.
MISCELLANEOUS PROVISIONS.
19.1
SEVERABILITY.
THE PROVISIONS OF THIS PLEDGE AND ALL OTHER LOAN
DOCUMENTS ARE DEEMED TO BE SEVERABLE, AND THE INVALIDITY OR UNENFORCEABILITY OF
ANY PROVISION SHALL NOT AFFECT OR IMPAIR THE REMAINING PROVISIONS WHICH SHALL
CONTINUE IN FULL FORCE AND EFFECT.
9
19.2
HEADINGS.
THE HEADINGS OF THE ARTICLES, SECTIONS, PARAGRAPHS AND
CLAUSES OF THIS PLEDGE ARE INSERTED FOR CONVENIENCE ONLY AND SHALL NOT BE DEEMED
TO CONSTITUTE A PART OF THIS PLEDGE.
19.3
BINDING EFFECT.
THIS PLEDGE AND ALL RIGHTS AND POWERS GRANTED
HEREBY WILL BIND AND INURE TO THE BENEFIT OF THE PARTIES HERETO AND THEIR
RESPECTIVE PERMITTED SUCCESSORS AND ASSIGNS.
19.4
AMENDMENT.
NO MODIFICATION OF THIS PLEDGE OR ANY OF THE LOAN
DOCUMENTS SHALL BE BINDING OR ENFORCEABLE UNLESS IN WRITING AND SIGNED BY OR ON
BEHALF OF THE PARTY AGAINST WHOM ENFORCEMENT IS SOUGHT.
19.5
GOVERNING LAW.
THIS PLEDGE HAS BEEN MADE, EXECUTED AND DELIVERED IN
THE COMMONWEALTH OF PENNSYLVANIA AND WILL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAWS OF SUCH COMMONWEALTH WITHOUT REGARD TO CONFLICT OF LAW
PRINCIPLES.
19.6
NO THIRD PARTY BENEFICIARIES.
THE RIGHTS AND BENEFITS OF THIS
PLEDGE AND THE LOAN DOCUMENTS SHALL NOT INURE TO THE BENEFIT OF ANY THIRD PARTY.
19.7
EXHIBITS AND SCHEDULES.
ALL EXHIBITS AND SCHEDULES ATTACHED HERETO
ARE HEREBY MADE A PART