BETWEEN THE PARTIES.
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6.17Sealed Instrument.
This Security Agreement is intended to take effect as a
sealed instrument.
6.18Waiver of Trial by Jury.
PLEDGOR AND SECURED PARTY HEREBY KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY, TO THE EXTENT PERMITTED BY APPLICABLE LAW, WAIVE
ANY RIGHTS THEY MAY HAVE TO TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED
HEREON OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS AGREEMENT, THE LOAN
DOCUMENTS, THE OBLIGATIONS, ALL OTHER DOCUMENTS GIVEN TO EVIDENCE OR SECURE THE
OBLIGATIONS, OR ANY COURSE OF CONDUCT, COURSE OF DEALING OR STATEMENTS RELATED
THERETO (WHETHER VERBAL OR WRITTEN).
[SIGNATURES APPEAR ON FOLLOWING PAGE.]
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[SIGNATURE PAGE TO SECURITY AGREEMENT]
IN WITNESS WHEREOF, Pledgor has caused this Security Agreement to be duly
executed as of the date first above written.
PLEDGOR:
ADTRAN, INC., a Delaware corporation
By:
/s/ Michael Foliano
[SEAL]
Name:
Michael Foliano
Title:
CFO
[Signatures continue on following page.]
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[SIGNATURE PAGE TO SECURITY AGREEMENT (continued)]
IN WITNESS WHEREOF, Secured Party has caused this Security Agreement to be duly
executed as of the date first above written.
SECURED PARTY:
CADENCE BANK, N.A.
By:
/s/ Brian Heslop
[SEAL]
Name:
Brian Heslop
Title:
Executive Vice President
[End of signatures.]
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EXHIBIT "A"
Client Statement showing Pledged Securities