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 Focus. 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 have provided Bank is interested inside otherwise lien to the one Collateral, Borrower have a tendency to hold or reason enough to be stored all of the related Records when you look at the believe to own Lender.

Borrower shall remain otherwise cause to be stored in realistic detail instructions and ideas out of account of the possessions and team and you can shall demonstrably echo therein the pop over here fresh new guarantee from Equity so you can Lender

(c) On sensible improve notice off Financial, Debtor should (x) make and all sorts of such as for instance Information offered to Financial to look at these Records, either by the its own officials or staff, or by representatives otherwise builders, otherwise one another, and work out duplicates of all of the or people part thereof, and you will (y) allow Financial or the subscribed agents to go over brand new things, funds and you can membership regarding Debtor with its chief performing manager and you can head financial manager in order to discuss the factors, cash and you will levels out-of Debtor having its separate authoritative societal accountants.

Section 6.16 Applicable Laws. 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 shall notify, or reason enough to be notified, virtually any people carrying these Facts of your hobbies and you will liens in support of Financial offered hereby

Section 6.18 Chief executive Workplace; Jurisdiction of Team. 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.