Section 6.08 Task. 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 Security Notice. 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 Details. (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 own for as long as Financial is interested in or lien on the any Guarantee, Debtor usually keep otherwise cause to be held all of the relevant Info from inside the believe for Financial.
Debtor will remain otherwise cause to be stored in sensible outline books and you may facts away from account of the property and you can business and you may will clearly echo therein brand new guarantee out of Collateral so you’re able to Lender
(c) Through to sensible improve see out-of Bank, Debtor will (x) make any and all of such as for instance Ideas accessible to Financial to look at such Records, often because of the its officials otherwise professionals, otherwise by the agencies otherwise contractors, otherwise each other, while making duplicates of all of the otherwise one piece thereof, and you can (y) permit Financial or their signed up representatives to go over the latest things, profit and you may levels of Debtor using its head operating manager and you may captain economic administrator also to discuss the things, finances and you will account out-of Borrower along with its separate certified societal 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 Life. Borrower shall preserve and maintain its legal existence and all of its material rights, privileges, material licenses and franchises.
Debtor shall alert, or reason to be informed, any people carrying any such Details of your interests and you will liens in favor of Financial supplied hereby
Section 6.18 Chief executive Office; Legislation away from 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 Fees. 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.