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 Desire. 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) For so long as Financial has an interest inside the otherwise lien towards one Guarantee, Debtor have a tendency to hold otherwise reason enough to be held all related Information during the trust to have Lender.

Debtor will keep otherwise reason enough to be stored in sensible detail courses and facts away from account of the possessions and business and you can should demonstrably echo therein the brand new hope away from Guarantee to Lender

(c) Upon reasonable improve see out of Bank, Debtor shall (x) make any and all of like Information available to Bank to examine any such Suggestions, both because of the its officials otherwise staff, otherwise because of the agencies or designers, or each other, and work out copies of all of the otherwise one portion thereof, and you may (y) payday loan Orrville permit Lender or the subscribed agencies to discuss brand new things, profit and you may accounts from Borrower along with its master working manager and master economic administrator and discuss the issues, earnings and you will levels away from Debtor using its independent certified societal accounting firms.

Section 6.16 Applicable Law. 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.

Borrower will alert, otherwise reason to be informed, every other people carrying such Records of your own passions and you will liens in favor of Lender offered hereby

Section 6.18 Chief executive Place of work; Legislation 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 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.