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 Safeguards Attention. 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 loans in Abbeville 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) Having for as long as Lender is interested inside the or lien into people Guarantee, Borrower commonly keep otherwise reason to be stored all the relevant Facts inside the faith to possess Lender.

Borrower shall continue otherwise reason enough to be stored in reasonable detail instructions and you will records of account of its property and you will company and should obviously echo therein the brand new hope away from Guarantee to Bank

(c) Through to reasonable advance see regarding Financial, Borrower shall (x) make any and all of instance Info offered to Bank to examine these Facts, both because of the its officers otherwise teams, or because of the agencies or designers, otherwise both, making duplicates of all or people portion thereof, and you may (y) enable Bank otherwise the registered agents to go over the fresh new situations, funds and accounts of Debtor along with its master performing officer and you can captain economic administrator and to discuss the items, cash and you will profile regarding Borrower having its independent formal social accounting firms.

Section 6.16 Relevant Legislation. 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 shall notify, otherwise cause to be notified, all other people holding any such Info of the passion and you will liens in support of Financial offered hereby

Section 6.18 Leader Work environment; Jurisdiction of 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 Taxation. 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.