remedies by Lender. 6. Upon the occ rrenCe of any of the following (each an "Event of fault") with respect to Debtor or any endorse., guarantor or other ‘kperson liable for any of theiOb dui (i) 'failure ,..,-,1‘.rea..tir to pay any Obligation when due/1 (ii) death (in the case of an individual) orrilissolution, liquidation or suspension of its bt91'ness, (iii) default in the payment of any indebtedness in,exccss of $50,000, (iv) failure to fuTish financial information to encferifollowingibemandAv) any representation made to Lender shall be false or misleading in any material respect when made or deemed made, (vi) a material adverse change in its business or condition (financial or otherwise) as determined by Lender in t•L`4` itsidiscretion, (vii) default in the performance or observance of any covenant, agreement or obligation under this Agreement (including, without limitation, Paragraph 4 hereof), or any other contract, instrument or agreement relating to the Obligations, (viii) insolvency (howsoever determined), or (ix) the commencement of any proceedings by or against any of them under any bankruptcy, reorganization, arrangement of debt, insolvency, receivership. liquidation, dissolution or similar laws relating to the relief of debtors, or the making of an assignment for the benefit of creditors; then and in any such event: (a) Lender may declare all of the Obligations to be immediately due and payable, whereupon same shall become immediately due and payable, without demand. provided that if an event set forth in clause (ix) occurs, the Obligations shall automatically become due and payable without declaration by Lender; (b) Lender's obligation, if any, to give or continue credit facilities to Debtor shall automatically terminate; (c) Lender shall have the right from time to time to take possession of, and sell, redeem, assign, liquidate, transfer and deliver all or any part of the Collateral, at any brokers'