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z~ <br />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 , 2000." <br />5.2. a 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 t; edies <br />6.1.. Events of lDefa~ ;~~ , 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 />