Borrower shall maybe not make procedure change in the type off the providers because continuous from the big date hereof

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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 Safety 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 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) Getting as long as Financial is interested for the otherwise lien towards the any Collateral, Debtor usually hold or reason to be kept all of the associated Suggestions from inside the believe getting Bank.

Borrower shall keep otherwise cause to be kept in reasonable outline books and you can information away from account of its possessions and you will organization and should clearly mirror therein the new hope out-of Security to Financial

(c) Up on practical progress find from Lender, Debtor will (x) make as well as such as Details available to Financial to look at such Info, sometimes by the its officials otherwise group, otherwise of the representatives or builders, or both, and then make copies of all of the or any piece thereof, and you may (y) allow Financial otherwise its subscribed representatives to go over the fresh products, finances and profile away from Borrower with its master performing officer and you may captain financial officer and also to talk about the products, funds and you can profile out-of Borrower with its independent formal personal accounting firms.

Section 6.16 Appropriate 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.

Borrower will notify, or reason to be notified, other class holding these Info of your own hobbies and you can liens in favor of Financial supplied hereby

Section 6.18 Chief executive Place of work; Jurisdiction of Company. 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.