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 Security Interest. 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 Facts. (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 Financial has an interest during the otherwise lien into the any Equity, Borrower tend to keep or cause to be held the related Ideas inside the faith getting Lender.
Borrower should keep or reason to be stored in realistic outline guides and you will details of account of their property and you will organization and you will should certainly echo therein the new guarantee away from Collateral to help you Financial
(c) Abreast of practical progress find regarding Lender, Debtor should (x) make any and all of eg Records open to Lender to examine any such Ideas, sometimes by its very own officers or professionals, or by agencies or builders, or one another, and come up with copies of all or people part thereof, and you will (y) allow Financial otherwise the subscribed agents to go over the latest affairs, profit and you can profile regarding Debtor featuring its master functioning administrator and you can master economic administrator and also to discuss the circumstances, funds and you may membership off Borrower along with its separate certified personal accountants.
Section 6.16 Appropriate Laws. 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 money to loan Heath.
Debtor should alert, otherwise reason to be informed, any kind of people holding such Information of interests and you can liens in support of Financial granted hereby
Section 6.18 Chief executive Office; Jurisdiction out-of Business. 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.
