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 Protection 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 Records. (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 so long as Lender is interested into the or lien to your people Guarantee, Debtor usually keep otherwise cause to be held all related Information inside faith for Lender.
Borrower will remain otherwise reason enough to be kept in sensible outline courses and records away from membership of the possessions and you may providers and you can shall certainly mirror therein the fresh hope off Equity in order to Bank
(c) Up on sensible get better observe off Lender, Debtor will (x) make and all sorts of such Info offered to Financial to examine any such Ideas, possibly because of the its own officials otherwise teams, or because of the agents otherwise designers, otherwise each other, to make duplicates of all the otherwise people portion thereof, and you may (y) permit Bank otherwise their signed up representatives to discuss new circumstances, profit and you may membership from Debtor using its master functioning administrator and you can master monetary manager also to talk about the things, finances and account of Borrower with its separate formal societal accountants.
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Section 6.16 Applicable Rules. Borrower shall comply with the requirements of all applicable laws, rules, regulations and orders of any Governmental Authority.
Section 6.17 Existence. Borrower shall preserve and maintain its legal existence and all of its material rights, privileges, material licenses and franchises.
Debtor shall alert, or cause to be informed, any other team holding such Information of one’s passions and you will liens in support of Bank granted hereby
Section 6.18 Leader Place of work; Jurisdiction of 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 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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