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 Safeguards 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 Suggestions. (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 press the site 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 Bank is interested inside or lien on people Security, Borrower have a tendency to keep otherwise cause to be held most of the related Details when you look at the faith for Financial.

Borrower will keep otherwise cause to be stored in realistic outline books and you may information of membership of its assets and you will organization and you may shall certainly reflect therein the newest vow off Guarantee in order to Lender

(c) Upon practical progress observe out of Lender, Debtor should (x) make and all particularly Ideas open to Financial to look at these Suggestions, possibly from the its own officials otherwise professionals, otherwise because of the agents otherwise contractors, or both, and then make copies of all otherwise one part thereof, and (y) enable Financial otherwise their signed up agencies to discuss the new things, earnings and profile away from Debtor using its captain functioning officer and you can head monetary manager in order to discuss the points, profit and you may membership away from Debtor having its separate formal social accounting firms.

Section 6.16 Relevant Rules. Borrower shall comply with the requirements of all applicable laws, rules, regulations and orders of any Governmental Authority.

Section 6.17 Lifestyle. Borrower shall preserve and maintain its legal existence and all of its material rights, privileges, material licenses and franchises.

Borrower shall notify, otherwise reason to be notified, other team holding any such Information of interests and you can liens and only Lender granted hereby

Section 6.18 Leader Work environment; Legislation from Providers. 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.