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 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) For for as long as Lender is interested from inside the otherwise lien for the any Collateral, Debtor have a tendency to hold otherwise cause to be held all associated Ideas when you look at the faith to have Financial.
Debtor shall keep or reason enough to be stored in reasonable detail instructions and you can records out-of account of the property and you may providers and you will should obviously reflect therein the fresh new guarantee regarding Collateral to help you Lender
(c) Up on reasonable advance see away from Lender, Debtor will (x) make any as well as such as for example Ideas offered to Financial to look at these Facts, either by a unique officials or teams, otherwise from the representatives or contractors, or both, and then make copies of all of the otherwise any bit thereof, and (y) enable Lender or their authorized agents to talk about brand new affairs, money and you can account off Debtor along with its master performing officer and you can chief financial officer also to talk about the things, cash and you may profile regarding Borrower along with its independent formal social accounting firms.
Section 6.16 Relevant Law. Borrower shall comply with the requirements of all applicable laws, rules, regulations and orders of any Governmental Authority.
Section 6.17 Lifetime. Borrower shall preserve and maintain its legal existence and all of its material rights, privileges, material licenses and franchises.
Borrower should notify, otherwise cause to be informed, any kind of party holding these Ideas of the passions and liens in support of Lender supplied hereby
Section 6.18 Leader Work environment; Legislation away from 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 Taxation. 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.
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