Section 6.08 Task. 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 Security 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 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 payday loan companies in Pleasant Groves. 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 provided Financial has an interest inside the or lien with the one Equity, Debtor have a tendency to hold or reason to be stored all of the associated Ideas when you look at the faith for Bank.

Debtor should remain otherwise reason to be stored in realistic detail courses and ideas from membership of the assets and you will providers and shall demonstrably echo therein the fresh guarantee out of Guarantee so you’re able to Bank

(c) Upon practical advance see off Lender, Debtor will (x) make any as well as instance Information open to Financial to examine these Ideas, either of the its own officials or employees, otherwise by the agencies or contractors, or each other, and work out copies of all of the or one section thereof, and (y) enable Financial otherwise its signed up representatives to go over the fresh situations, finances and you can account off Borrower along with its head functioning manager and you may head economic administrator and to discuss the items, cash and accounts off Debtor with its separate formal 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 Lives. Borrower shall preserve and maintain its legal existence and all of its material rights, privileges, material licenses and franchises.

Borrower will alert, or cause to be informed, any people holding any such Records of the welfare and you may liens in support of Lender supplied hereby

Section 6.18 Leader Work environment; 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 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.