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 Safety Appeal. 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 Information. (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 have provided Bank quick loans Linden has an interest in otherwise lien to your any Equity, Borrower will keep otherwise cause to be held most of the related Suggestions when you look at the believe to have Financial.
Debtor should keep otherwise reason enough to be stored in sensible detail courses and suggestions away from account of their assets and business and shall certainly echo therein the brand new hope of Security to Lender
(c) Abreast of reasonable progress observe out-of Financial, Borrower should (x) make any as well as such as Info available to Lender to look at such Info, possibly because of the a unique officers otherwise group, otherwise because of the agencies or builders, otherwise one another, and work out copies of all of the otherwise any bit thereof, and you will (y) permit Financial or their licensed agencies to discuss the brand new facts, cash and you can membership off Borrower using its chief functioning administrator and you may master financial manager also to talk about the points, money and you can account out-of Debtor having its separate authoritative social accounting firms.
Section 6.16 Relevant Laws. 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 shall alert, or reason enough to be notified, all other party holding any such Details of one's passion and you may liens in favor of Bank offered hereby
Section 6.18 Leader Office; Legislation out of 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 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.
