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�j'� ,� I►{ � <br /> , � <br /> , ' <br /> . <br /> -23- <br /> (a) Nonpayment. Nonpayment when the same becomes due, <br /> whether by acceleration or otherwise, of principal of, or <br /> interest on, the Note, or of any fee or premium provided for <br /> hereunder. <br /> (b) Negative Covenants. Default in the observance of any <br /> of the covenants or agreements of Cardwell contained in Section <br /> 5. 1 or Article VI of this Agreement. <br /> (c) Other Covenants. Default in the observance of any of <br /> the other covenants or agreements of Cardwell contained in this <br /> Agreement, other than Section 5. 1 or Article VI, or in any other <br /> agreement with Decatur, which is not remedied within 30 days <br /> after written notice given by Decatur to Cardwell. <br /> (d) Insolvencv Proceedings. (i) The filing by or against <br /> Cardwell of a petition for liquidation, reorganization, <br /> arrangement, adjudication as a bankrupt, relief as a debtor or <br /> similar relief under the bankruptcy, insolvency or similar laws <br /> of the United States or any state or territory thereof or any <br /> foreign jurisdiction, now or hereafter in effect and, as to a <br /> petition filed against Cardwell, failure to have such petition <br /> set aside within 30 days of its filing; (ii) the making of any <br /> general assignment by Cardwell for the benefit of creditors; <br /> (iii) the appointment of a receiver or trustee for Cardwell or <br /> for the assets of Cardwell, including, without limitation, the <br /> appointment of or taking possession by a "custodian" as defined <br /> in the Federal Bankruptcy Code; (iv) the making by Cardwell of <br />