Agenda - 06-24-1986 - Laserfiche WebLink

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case may be, shall notify the Company in writing of any such ad- vance within 30 days of the date thereof; provided, however , that the failure to so notify shall not impair any rights of the Sec- ured Party or other holders of the Note under this Security Agreement . The Secured Party or other holders of the Note may grant any extension, forbearance or other indulgence, may release any part of the Collateral from the lien hereof and may release any person from liability without affecting the personal liability of any person for payment of indebtedness secured hereby or the lien hereof. Section 11. Miscellaneous. • (a) Notices. All notices, approvals, consents, requests and other communications hereunder shall be in writing and, un- less otherwise provided herein, shall be deemed to have been given when delivered by hand or on the third day following the day on which the same has been mailed by registered or certified mail, return receipt requested, postage prepaid, addressed (a) if to the Company, at Isotechnologies, Inc. , P.O. Box 640, 501 S. Greensboro Street, Building B, Carrboro, North Carolina 27510, Attention: President, or (b) if to the Secured Party, at ( i) The Orange County Industrial Facilities and Pollution Control Financ- ing Authority, 110 North Churton Street, Hillsborough, North Carolina 27278, Attention: County Attorney, and (ii) NCNB National Bank of North Carolina, P.O. Box 570, Chapel Hill, North Carolina 27514, Attention: Mr . Randy Dickerson. The Company and the Secured Party may, by notice given here- under, designate any further or different addresses to which sub- sequent notices, approvals, consents, requests or other communi- cations shall be sent or persons to whose attention the same shall be directed. (b) Successors and Assigns. This Security Agreement shall be binding upon, inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns. (c) Amendments and Supplements. This Security Agreement may be amended and supplemented only as provided in the Bond Pur- chase Agreement. (d) Applicable Law. This Security Agreement shall be gov- erned by and construed in accordance with the laws of the State of North Carolina. (e) Execution in Counterparts. This Security Agreement may be executed in several counterparts, each of which shall be an 10 .