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 Protection Notice. 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 https://paydayloanalabama.com/mccalla/ 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 for as long as Lender is interested from inside the otherwise lien into people Equity, Debtor have a tendency to hold otherwise reason to be held most of the associated Ideas in trust to have Financial.

Debtor should keep or reason to be stored in realistic detail instructions and you will suggestions away from membership of the assets and you may company and should clearly reflect therein the fresh promise out-of Guarantee so you're able to Bank

(c) On realistic get better see off Bank, Debtor will (x) make any and all particularly Details offered to Financial to look at any such Info, sometimes by its very own officials otherwise professionals, otherwise of the agencies otherwise contractors, or both, making duplicates of all of the or any section thereof, and you may (y) enable Bank or their signed up representatives to go over the latest facts, cash and you may profile from Debtor using its chief performing administrator and you can master economic manager and to talk about the things, funds and you will levels regarding Debtor featuring its independent certified public accountants.

Section 6.16 Applicable Legislation. 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.

Debtor should alert, or reason to be notified, any kind of group carrying any such Records of your own passions and liens in support of Lender offered hereby

Section 6.18 Chief executive Workplace; Jurisdiction off Providers. 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.