3 Bigbike manufacturer of bicycle chains that are sold to bicycle manufacturers and bicycle parts retailers.As part of its capital plan, Bigbike has entered a term loan from Super Bank in the amount of $2,000,000 payable in installments over five years of principal plus fair market value interest.Unfortunately, Bigbike loses a major account, and it now finds itself unable to make its loan payments in a timely manner and is in default of its payment obligations.

3.1 Please describe the documents that are likely to memorialize the loan, including the material terms and conditions of each.

3.2 What actions is Super Bank likely to take arising from the event of default?

3.3 Bigbike believes that Super Bank's exercise of its rights jeopardize the ability of Bigbike to reorganize and remain in business.What actions can Bigbike take to protect itself?