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 Defense Interest. 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 bad credit payday loans in Hillsboro 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 have for as long as Bank has an interest inside the or lien with the any Equity, Borrower have a tendency to keep otherwise reason enough to be held most of the relevant Facts in faith to have Financial.
Debtor should keep or cause to be kept in practical outline guides and you will records of membership of their assets and you may providers and you may will obviously reflect therein new guarantee away from Guarantee to Lender
(c) Abreast of reasonable progress find of Lender, Borrower will (x) make any and all sorts of eg Suggestions offered to Lender to examine any such Info, both from the a unique officers otherwise staff, otherwise by the agents or contractors, otherwise each other, and come up with duplicates of all the or people piece thereof, and you will (y) enable Bank or the registered representatives to discuss brand new situations, finances and you may account off Borrower featuring its captain performing administrator and you may captain financial officer and also to discuss the circumstances, profit and you can profile from Debtor using its independent specialized personal accounting firms.
Section 6.16 Applicable 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 should alert, otherwise cause to be notified, another people carrying these Info of the interests and you will liens in favor of Financial provided hereby
Section 6.18 Leader Workplace; Legislation out-of Organization. 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 Fees. 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.