Borrower shall not make any material change in the type from the team because proceeded from the day hereof

Section 6 loans Bellamy.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 Coverage 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 Records. (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) Getting so long as Bank has an interest during the otherwise lien toward one Collateral, Borrower will keep otherwise cause to be kept the associated Ideas in trust to possess Financial.

Borrower will continue otherwise reason to be kept in reasonable outline guides and details out of membership of its property and you will organization and you may should certainly reflect therein this new hope of Equity so you can Lender

(c) Upon sensible progress notice of Lender, Borrower shall (x) make and all sorts of such as for example Details accessible to Lender to examine such Information, either by its very own officers otherwise employees, otherwise of the agencies otherwise contractors, otherwise each other, and come up with duplicates of all the or people piece thereof, and you will (y) enable Financial otherwise their licensed representatives to discuss new points, earnings and you will account away from Borrower having its master working manager and you can chief monetary administrator in order to talk about the factors, profit and you may profile from Borrower having its separate specialized social accountants.

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 Existence. Borrower shall preserve and maintain its legal existence and all of its material rights, privileges, material licenses and franchises.

Borrower shall notify, or reason enough to be informed, every other people carrying these Details of the interests and liens and only Lender supplied hereby

Section 6.18 Leader Workplace; Jurisdiction out of Business. 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.