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<br /> 20. REMEDIES. If any Event of Default occurs, then Lessor may, at its option, exercise anyone or more of the following <br /> remedies: <br /> (a) Lessor may require Lessee to pay (and Lessee agrees that it shall pay) all amounts then currently due under all <br /> Leases and all remaining Rent Payments due under all Leases during the fiscal year in effect when the Event of Default occurs <br /> together with interest on such amounts at the highest lawful rate from the date of Lessor's demand for such payment; <br /> (b) Lessor may require Lessee to promptly return all Equipment to Lessor in the manner set forth in Section 21 (and <br /> Lessee agrees that it shall so return the Equipment), or Lessor may, at its option, enter upon the premises where any <br /> Equipment is located and repossess such Equipment without demand or notice, without any court order or other process of law <br /> and without liability for any damage occasioned by such repossession; <br /> (c) Lessor may sell, lease or otherwise dispose of any Equipment, in whole or in part, in one or more public or private <br /> transactions, and if Lessor so disposes of any Equipment, then Lessor shall retain the entire proceeds of such disposition free <br /> of any claims of Lessee, provided, that the net proceeds of any such disposition shall be applied to amounts payable by Lessee <br /> under clause (a) above of this Section only to the extent that such net proceeds exceed the applicable Termination Value set <br /> forth in the applicable Schedule; <br /> (d) Lessor may terminate, cancel or rescind any Lease as to any and all Equipment; <br /> (e) Lessor may exercise any other right, remedy or privilege which may be available to Lessor under applicable law <br /> or, by appropriate court action at law or in equity, Lessor may enforce any of Lessee's obligations under any Lease; and/or <br /> (f) Lessor may require Lessee to pay (and Lessee agrees that it shall pay) all out-of-pocket costs and expenses <br /> incurred by Lessor as a result (directly or indirectly) of the Event of Default and/or of Lessor's actions under this section, <br /> including, without limitation, any attorney fees and expenses and any costs related to the repossession, safekeeping, storage, <br /> repairl reconditioning or disposition of any Equipment. <br /> None of the above remedies is exclusive, but each is cumulative and in addition to any other remedy available to Lessor. <br /> Lessor's exercise of one or more remedies shall not preclude its exercise of any other remedy. No delay or failure on the part of <br /> Lessor to exercise any remedy under any Lease shall operate as a waiver thereof, nor as an acquiescence in any default, nor <br /> shall any single Qr partial exercise of any remedy preclude any other exercise thereof or the exercise of any other remedy. <br /> 21. RETURN OF EQUIPMENT. If Lessor is entitled under the provisions of any Lease, including any termination thereof <br /> pursuant to Sections 6 or 20 of this Master Lease, to obtain possession of any Equipment or if Lessee is obligated at any time <br /> to return any Equipment, then (a) title to the Equipment shall vest in Lessor immediately upon Lessor's notice thereof to <br /> Lessee, and (b) Lessee shall, at its sale expense and risk, immediately de-install, disassemble, pack, crate, insure and return <br /> the Equipment to Lessor (all in accordance with applicable industry standards) at any location in the continental United States <br /> selected by Lessor. Such Equipment shall be in the same condition as when received by Lessee (reasonable wear, tear and <br /> depreciation resulting from normal and proper use excepted), shall be in good operating order and maintenance as required by <br /> the applicable Lease, shall be free and clear of any Liens (except Lessor's Lien) and shall comply with all applicable laws and <br /> regulations. Until Equipment is returned as required above, all terms of the applicable Lease shall remain in full force and <br /> effect including, without limitation, obligations to pay Rent Payments and to insure the Equipment. Lessee agrees to execute <br /> and deliver to Lessor all documents reasonably requested by Lessor to evidence the transfer of legal and beneficial title to such <br /> Equipment to Lessor and to evidence the termination of Lessee's interest in such Equipment. <br /> 22. LAW GOVERNING. Each Lease shall be governed by the laws of the state of Lessee (the "State"). <br /> 23. NOTICES. All notices to be given under any Lease shall be made in writing and either personally delivered or mailed by <br /> certified mail to the other party at its address set forth herein or at such address as the party may provide in writing from time to <br /> time. Any such notices shall be deemed to have been received five (5) days subsequent to mailing. <br /> 24. FINANCIAL INFORMATION. Within thirty (30) days of their completion in each fiscal year of Lessee during any Lease <br /> Term, Lessee will deliver to Lessor upon Lessor's request the publicly available annual financial information of Lessee. <br /> 25. SECTION HEADINGS. All section headings contained herein or in any Schedule are for convenience of reference only <br /> and do not define or limit the scope of any provision of any Lease. <br /> 26. EXECUTION IN COUNTERPARTS. Each Schedule to this Master Lease may be executed in several counterparts, each of <br /> which shall be deemed an original, but all of which shall be deemed one instrument. Only one counterpart of each Schedule <br /> MLD 01 (4/26/96) <br />