Section 6.08 Assignment. Except as permitted herein, Borrower shall not sell, assign, transfer or otherwise dispose of, or grant any option with respect to, or pledge, hypothecate or grant a security interest in or lien on or otherwise encumber (except pursuant to the Loan Documents), any of the Collateral or any interest therein, provided that this Section 6.08 shall not prevent any transfer of Collateral in accordance with the Loan Documents.
Section 6.09 Cover Appeal. Borrower shall do all things necessary to preserve the Collateral so that they remain subject to a perfected security interest hereunder. Without limiting the foregoing, Borrower will comply with all rules, regulations and other laws of any Governmental Authority and cause the Collateral to comply with all applicable rules, regulations and other laws.
Section 6.10 Information. (a) Borrower shall collect and maintain or cause to be collected and maintained all Records relating to the Collateral in accordance with industry custom and practice for assets similar to the Collateral, including those maintained pursuant to Section 6.11, and all such Records shall be in Borrower’s possession unless Lender otherwise approves. Borrower will not allow any such papers, records or files that are an original or an only copy to leave Borrower’s possession. Borrower will maintain all such Records in good and complete condition in accordance with industry practices for assets similar to the Collateral and preserve them against loss.
(b) To possess for as long as Lender is interested in the or lien towards the any Equity, Debtor usually hold or cause to be held all of the associated Info for the believe to have Financial.
Debtor will keep otherwise reason enough to be kept in sensible detail instructions and info of account of their property and you may providers and you can should obviously reflect therein the fresh new guarantee out of Security so you can Bank
(c) Upon practical advance see out of Financial, Debtor shall (x) make any and all like Info available to Financial to look at any such Details, both from the its very own officials otherwise employees, or because of the representatives or contractors, or both, making copies of all otherwise people portion thereof, and you may (y) allow Bank otherwise its registered agencies to go over the fresh activities, finances and you will profile out of Borrower having its head doing work officer and you can master economic officer and also to talk about the points, finances and you can levels from Debtor having its separate official public accounting firms.
Section 6.16 Applicable Law. Borrower shall comply with the requirements of all applicable laws, rules, regulations and orders of any Governmental Authority.
Section 6.17 Lives. Borrower shall preserve and maintain its legal existence and all of its material rights, privileges, material licenses and franchises.
Borrower shall alert, or cause to be notified, virtually any cluster carrying these Ideas of the passions and liens and only Bank offered hereby
Section 6.18 get more Leader Work environment; Legislation regarding Organization. Borrower shall not move its chief executive office from the address referred to in Section 3.17 or change its jurisdiction of organization from the jurisdiction referred to in Section 3.17 unless it shall have provided Lender 30 days’ prior written notice of such change.
Section 6.19 Taxes. Borrower shall timely file all tax returns that are required to be filed by them and shall timely pay and discharge all taxes, assessments and governmental charges or levies imposed on it or on its income or profits or on any of its property prior to the date on which penalties attach thereto, except for any such tax, assessment, charge or levy the payment of which is being contested in good faith and by proper proceedings and against which adequate reserves are being maintained.
