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 Cover 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 Information. (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) Having provided Lender is interested when you look at the otherwise lien into people Collateral, Debtor have a tendency to hold or cause to be held all associated Information within the faith for Lender.

Borrower shall keep otherwise reason to be stored in reasonable detail books and you can info off account of the possessions and you will team and will obviously echo therein the newest pledge out of Collateral to help you Lender

(c) On sensible progress find off Financial, Borrower shall (x) make any as well as like Suggestions open to Bank to look at such Details, sometimes by its very own officers otherwise employees, or because of the agents or builders, otherwise one another, and make copies of all otherwise one part thereof, and (y) allow Lender otherwise their authorized agencies to go over the fresh activities, money and profile regarding Debtor using its master functioning administrator and you will chief economic manager and talk about the things, money and levels out of Borrower having its independent formal public accounting firms.

Section 6.16 Applicable Laws. Borrower shall comply with the requirements of all applicable laws, rules, regulations and orders of any Governmental Authority.

Section 6.17 Lifetime. Borrower shall preserve and maintain its legal existence and all of its material rights, privileges, material licenses and franchises.

Debtor will notify, otherwise cause to be informed, all other people carrying these Records of appeal and you may liens in support of Lender provided hereby

Section 6.18 Leader Work environment; Jurisdiction 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 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 loans in Colony reserves are being maintained.