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Loan Documents, conspicuously and on its face, as follows: "THIS DOCUMENT OR <br /> INSTRUMENT IS THE SUBJECT OF A SECURITY INTEREST IN FAVOR OF THE <br /> BANKS THAT ARE PARTIES TO THAT CERTAIN LOAN AGREEMENT WITH <br /> ORANGE COUNTY SMALL BUSINESS LOAN PROGRAM COMPANY AND <br /> ORANGE COUNTY,NORTH CAROLINA,DATED AS OF MARCH At , 2000." <br /> 5.2. Negative Covenants. So long as any portion of the Loan remains <br /> unsatisfied, the Company will not, unless all the Banks otherwise give their prior written <br /> consent: <br /> (a) Make any Program Loan that has a term that extends beyond June 30, 2009. <br /> (b) Endorse, assign, pledge or transfer any notes or other instruments <br /> evidencing the Program Loans, except pursuant to the Security Agreements. <br /> SECTION 6 <br /> Events of Default; Remedies <br /> 6.1. Events of Default; Remedies. Upon the occurrence and continuation of <br /> any of the following events or conditions: <br /> (a) Default by the Company in the payment of principal, interest or any other <br /> amount payable on or with respect to the Loan; <br /> (b) The Company's breach or failure to perform or observe any term, condition <br /> or covenant of this Agreement on its part to be observed or performed, other than as <br /> referred to in subsection (a), for a period of 30 days after written notice specifying such <br /> failure and requesting that it be remedied shall have been given to the Company by any <br /> Bank, unless the Banks, by affirmative vote of at least a majority by Percentage Share, <br /> shall agree in writing to an extension of such time; <br /> (c) The occurrence and continuation of any Event of Default by the Company <br /> or the County under the Support Agreement; or <br /> (d) Any other event or condition specified as an Event of Default under this <br /> Agreement; <br /> then the Banks, by affirmative vote of at least a majority by Percentage Share, at their <br /> option may: <br /> 6 <br />