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 Desire. 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 personal loans Tulsa OK no credit check 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 own so long as Financial is interested inside the otherwise lien with the people Guarantee, Borrower will keep otherwise reason enough to be stored every associated Suggestions inside believe to have Lender.
Borrower will keep otherwise cause to be kept in practical detail guides and ideas away from membership of the possessions and business and shall certainly reflect therein the fresh new vow away from Security to help you Financial
(c) Up on sensible improve see off Lender, Borrower shall (x) make any as well as instance Facts accessible to Lender to look at any such Info, both from the a unique officials or teams, otherwise from the agencies or contractors, or both, and also make copies of the many or one part thereof, and you may (y) allow Financial otherwise its licensed agencies to talk about the latest points, funds and membership away from Debtor along with its chief performing administrator and you can captain monetary officer and also to talk about the products, earnings and you may levels away from Debtor featuring its independent authoritative societal accounting firms.
Section 6.16 Relevant Rules. 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.
Debtor will notify, or reason to be informed, another people holding any such Information of the appeal and liens in favor of Bank granted hereby
Section 6.18 Leader Place of work; Legislation 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 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.