Debtor shall not make topic improvement in the nature from its team as carried on in the go out hereof

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 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 Information. (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 provided Financial has an interest inside the otherwise lien on the one Guarantee, Debtor usually hold otherwise cause to be held the related Facts during the faith to have Bank.

Borrower will remain otherwise cause to be stored in sensible detail guides and suggestions from account of the property and you may team and you will will demonstrably reflect therein the brand new vow away from Equity so you can Financial

(c) Upon practical get better observe off Financial, Borrower should (x) make any and all particularly Facts available to Lender to examine such Facts, either from the its very own officials or staff, otherwise by the representatives or designers, or both, to make duplicates of all of the otherwise people piece thereof, and you can (y) permit Bank or their licensed representatives to go over the newest activities, funds and you will membership of Borrower having its master doing work officer and chief financial manager and talk about the factors, profit and you may levels off Borrower having its separate authoritative societal accountants.

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 Lifetime. Borrower shall preserve and maintain its legal existence and all of its material rights, privileges, material licenses and franchises.

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Borrower shall notify, otherwise reason to be notified, various other team holding such Suggestions of the interests and liens in favor of Bank granted hereby

Section 6.18 Leader Office; Legislation 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 Taxes. 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.