Section 6.08 Project. 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 Attract. 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 Info. (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) Having provided Bank is interested from inside the or lien toward people Guarantee, Borrower tend to hold or reason enough to be held the relevant Details into the believe to have Lender.
Debtor shall remain otherwise reason enough to be kept in practical outline books and you may ideas of membership of the property and you may business and you can shall demonstrably echo therein the newest guarantee out-of Equity so you can Lender
(c) Upon reasonable improve see out-of Bank, Borrower will (x) make and all sorts of such as for example Info accessible to Lender to look at such Facts, often by its officials otherwise team, or by representatives or builders, or both, and work out copies of the many or any piece thereof, and you can (y) permit Lender or its authorized representatives to discuss the fresh new affairs, money and you will profile off Borrower with its master operating officer and you can head financial manager and also to talk about the things, cash and membership regarding Borrower having its independent specialized public accountants.
Section 6.16 Applicable Legislation. 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 reason enough to be notified, various other people holding these Ideas of your own hobbies and you may liens in support of Lender supplied hereby
Section 6.18 Leader Office; Jurisdiction 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 have a peek at this hyperlink.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.