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 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 Facts. (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 no credit check loans in Phoenix AZ, 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 Financial has an interest during the or lien to the people Equity, Debtor usually hold otherwise reason enough to be stored all relevant Information in trust for Lender.
Borrower will keep otherwise reason to be kept in practical outline instructions and records out-of account of the assets and you may providers and you may will clearly mirror therein the fresh new hope of Equity in order to Lender
(c) Abreast of reasonable get better notice out of Bank, Borrower should (x) make any and all of such as for instance Suggestions available to Lender to examine such Ideas, either of the its officials or group, or of the representatives otherwise contractors, otherwise each other, while making duplicates of all or one piece thereof, and you will (y) enable Lender otherwise their licensed representatives to discuss the brand new circumstances, cash and you can membership out-of Debtor having its chief doing work manager and you can master financial administrator also to discuss the affairs, earnings and you can levels out-of Borrower featuring its independent specialized social 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 Lives. Borrower shall preserve and maintain its legal existence and all of its material rights, privileges, material licenses and franchises.
Debtor shall notify, otherwise reason to be informed, virtually any people holding such Information of your hobbies and liens in favor of Financial offered hereby
Section 6.18 Leader 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 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.