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 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) For as long as Financial has an interest inside or lien toward any Equity, Debtor often keep or reason to be stored all the relevant Records into the trust getting Bank.

Borrower shall continue otherwise cause to be kept in realistic outline guides and suggestions from account of the possessions and you will team and you can should clearly reflect therein the fresh guarantee out of Security so you’re able to Financial

(c) Through to realistic advance see from Bank, Debtor should (x) make and all particularly Information accessible to Lender to examine such Facts, either of the a unique officers or personnel, or by agents otherwise builders, otherwise both, while making copies cash loan Malcolm of all of the or one bit thereof, and you can (y) allow Financial otherwise the registered agents to discuss the new things, earnings and levels out-of Debtor along with its master doing work manager and you will head monetary manager in order to talk about the affairs, cash and membership out of Debtor featuring its independent formal societal accounting firms.

Section 6.16 Relevant Law. 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, or reason enough to be notified, almost every other team holding these Ideas of your hobbies and you may liens and only Financial supplied hereby

Section 6.18 Leader Work environment; Jurisdiction out-of Company. 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.