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 Safeguards 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 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) To possess for as long as Lender has an interest when you look at the or lien for the any Security, Debtor have a tendency to keep or reason to be kept every relevant Info from inside the trust having Lender.
Debtor will remain otherwise cause to be kept in sensible outline courses and you will info off membership of the property and you will providers and you will shall demonstrably echo therein the brand new promise out-of Security so you’re able to Financial
(c) Abreast of realistic progress find of Bank, Borrower should (x) make and all of for example Records open to Financial to examine these Details, possibly from the its very own officers or teams, or from the agents otherwise designers, or each other, and make copies of all otherwise any bit thereof, and you can (y) allow Financial or its registered agencies to go over the latest facts, profit and you can levels from Debtor having its chief working manager and you can head financial administrator and also to discuss the things, funds and you may membership out-of Borrower having its independent specialized public accounting firms.
Section 6.16 Relevant Law. Borrower shall comply with the requirements of all applicable laws, rules, regulations and orders of any Governmental Authority.
Section 6.17 Existence. Borrower shall preserve and maintain its legal existence and all of its material rights, privileges, material licenses and franchises.
Borrower will notify, otherwise reason to be informed, virtually any group carrying such Details of the welfare and you may liens in favor of Financial granted hereby
Section 6.18 Chief executive Office; Jurisdiction out 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 americash loans locations in Jackson payment of which is being contested in good faith and by proper proceedings and against which adequate reserves are being maintained.