Borrower shall maybe not make issue change in the type out-of its providers because the continuous in the 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 Security Attention. 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) To own as long as Lender is interested safe loan register when you look at the otherwise lien towards any Security, Borrower tend to hold or reason enough to be held every relevant Information in believe to possess Lender.
Borrower should continue or cause to be kept in reasonable outline instructions and you will facts regarding membership of the possessions and you can business and shall demonstrably echo therein brand new pledge from Equity to help you Financial
(c) Abreast of realistic progress observe of Financial, Borrower will (x) make and all of like Details offered to Financial to examine such Ideas, both because of the a unique officers or professionals, otherwise by representatives otherwise designers, or each other, to make duplicates of all the or any section thereof, and you can (y) enable Bank or the signed up agents to go over the facts, profit and you can account of Borrower featuring its master functioning manager and you can master monetary officer and discuss the products, cash and you may accounts off Borrower having its independent certified societal accounting firms.
Section 6.16 Relevant Legislation. Borrower shall comply with the requirements of all applicable laws, rules, regulations and orders of any Governmental Authority.
Section 6.17 Lives. Borrower shall preserve and maintain its legal existence and all of its material rights, privileges, material licenses and franchises.
Borrower shall alert, otherwise reason to be notified, every other people holding these Ideas of one’s hobbies and you will liens in favor of Lender offered 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 Fees. 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.
