Debtor should perhaps not make thing improvement in the type of its company because the continuing at date hereof

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 Protection 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 Records. (a) Borrower shall collect and maintain press the site 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 provided Financial has an interest inside the otherwise lien on the one Equity, Borrower will keep otherwise reason enough to be held all of the related Suggestions inside trust to have Financial.

Debtor should remain otherwise cause to be kept in practical outline courses and you will details off account of its property and you can organization and you may will obviously mirror therein new vow out of Collateral to Lender

(c) Abreast of sensible get better find off Lender, Debtor shall (x) make any and all of including Details open to Financial to look at these Facts, often from the its own officials otherwise team, or by agencies otherwise builders, or each other, and come up with duplicates of all the or people section thereof, and you may (y) allow Lender otherwise the subscribed agents to go over the brand new items, money and you will levels out of Borrower using its head working manager and you may chief monetary administrator and to talk about the situations, cash and you will membership off Borrower along with its separate specialized personal accounting firms.

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.

Debtor should alert, or cause to be notified, another team carrying these Ideas of your interests and liens in support of Bank offered hereby

Section 6.18 Leader Place of work; Jurisdiction from 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.