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 Cover 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 Suggestions. (a) Borrower shall collect personal loan Tyler 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) Getting provided Financial is interested into the or lien to the one Equity, Borrower usually hold or cause to be kept every associated Details inside the believe to have Financial.
Debtor shall keep or cause to be kept in reasonable detail books and you can info out of account of its property and you can business and you can will demonstrably mirror therein the newest hope regarding Equity to Financial
(c) Up on practical advance observe out-of Financial, Borrower will (x) make as well as including Ideas offered to Lender to look at these Details, sometimes of the a unique officers or staff, or by the agencies or designers, or one another, and then make copies of all of the otherwise any portion thereof, and you may (y) permit Bank or the authorized agencies to discuss the products, finances and you may account of Borrower with its chief operating officer and you may chief economic officer also to talk about the facts, money and you can profile out-of Borrower along with its separate official social accountants.
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 Life. 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 informed, almost every other class holding such Details of the passion and liens and only Financial offered hereby
Section 6.18 Leader Work environment; Legislation from 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.
