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 Coverage 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 Details. (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) Getting so long as Bank is interested inside or lien into the people Security, Borrower commonly hold otherwise reason enough to be held all the relevant Information within the believe getting Financial.

Borrower should continue or reason enough to be kept in sensible outline guides and you will suggestions out-of membership of their property and you will company and shall demonstrably reflect therein the new vow of Security to help you Lender

(c) On realistic improve observe off Lender, Borrower will (x) make any and all such Facts offered to Financial to look at any such Details, often of the its very own officers otherwise personnel, or because of the representatives otherwise designers, otherwise each other, and also make duplicates of all the or one portion thereof, and (y) enable Bank or its subscribed agents to discuss brand new factors, funds and you can membership out of Borrower featuring its master functioning administrator and head economic manager in order to talk about the points, finances and you can account of Borrower using its separate certified societal accounting firms.

Section 6.16 Appropriate 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.

Debtor will alert, or reason enough to be notified, any kind of group holding these Details of your passions and you can liens in support of Bank provided hereby

Section 6.18 Chief executive Office; Legislation regarding 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 loans Madison.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.