RIVER VIEW GOLF COMPANY - CONCESSION 1974

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• • In addition to all other remedies available to RIVE' VIE`vd upon the occurrence of any default hereunder, RIVER VIEI^7 shall have file right to exercise an_y ar_d all remedies available to it by lace, in equity, or pursuant to the provisions of the Uniform Commercial Code then in effect at any time during the term here- of, including without limitation those set forth in Ser_tions 9501 through 9507 thereof; provided, hoti,~ever, that nothing con- tained herein shall be deemed to impair any ownership or other right, title or interest of RIVER VIETYd in and to any of the real property improvements or fixtures described hereinabove, and the provisions or this Paragraph are to be deemed supplemental and additional to all other rights, privileges and remedies avail- able to RIVER VIEW under the terms of this Agreement. It is understood that CONCESSIONAIRE or CONCESSIONAIRE's general partr_er, or both of them, intend to finance all or part of the equipment and trade fixtures herein described, and to give a first security interest in connection with any such financing therein, and the security interest hereby granted to RIVER VIEW will constitute a security interest second only to t:ie purchase money security in- terest for said equipment and trade fixtures. 15, DEFAULT Each and all of the following shall constitute an evert of default by CONCESSIONAIRE: (a) Assignment or hypothecation. of this Agreement or any interest herein or any interest in anjT of the equipment or trade fixtures hereunder without the written consent of RIVEP, VIEti^J first obtained, including without limitation any assignment by operation of law. In the event of any such assignment by operation of law or otherwise, this Agreement shall, at the option of RIVER VIETr', be deemed terminated on the day immediately preceding the erfective date of any such assignment; -11-