Covenants and Agreements of Debtor. Debtor covenants and agrees with Secured Party that from the date hereof and until payment and satisfaction in full of each and all of the Obligations, unless Secured Party shall otherwise consent in writing, Debtor will:
(a) Duly observe and perform each and every term and condition of any and all agreements, instruments and documents relating to the Collateral, and diligently protect and enforce its rights under all such agreements.
(b) Give Secured Party ten (10) days prior written notice before changing its principal residence or place of business or moving its books and records to a location other than that set forth in Section 17 hereof.
(c) Not sell, lease, assign, transfer, convey, pledge, hypothecate, mortgage or further encumber any of the Collateral, provided that Debtor may sell Inventory in the ordinary course of business.
(d) Promptly pay or otherwise cause to be discharged any lien, charge, security interest or other encumbrance that may attach to the Collateral, or any portion thereof, other than pursuant to this Agreement.
(e) Promptly notify Secured Party of any attachment or other legal process levied against any of the Collateral and any information received by Debtor relating to the Collateral, or to other persons obligated in connection therewith, and of any threatened or filed claims or proceedings, that might in any way affect or impair Secured Party’s security interest in the Collateral or the rights and remedies of Secured Party with respect thereto.
(f) Defend the Collateral against all claims, liens, security interests, demands and other encumbrances of third parties at any time claiming an interest in the Collateral that is adverse to Secured Party’s interest in the Collateral hereunder.
(g) Notify Secured Party in the event of any occurrence that may materially or adversely affect the security interest of Secured Party in the Collateral.
(h) At the request of Secured Party, execute and permit to be filed one or more financing statements, and amendments thereto, under the California Uniform Commercial Code and any other applicable state’s Uniform Commercial Code naming Debtor as debtor and Secured Party as secured party and indicating therein the types or describing the Collateral.
(i) Not, without the prior written consent of Secured Party, execute, file or authorize or permit to be filed in any jurisdiction or with any governmental authority any financing or similar statement relating to the Collateral, or any portion thereof...
Covenants and Agreements of Debtor. In addition to all covenants and agreements of Debtor set forth in the Credit Documents, which are incorporated herein by this reference, Debtor hereby agrees:
Covenants and Agreements of Debtor. In addition to all covenants and ---------------------------------- agreements of Debtor set forth in any other agreement with the Secured Party, which are incorporated herein by this reference, Debtor hereby agrees:
Covenants and Agreements of Debtor. Debtor covenants and agrees as follows:
Covenants and Agreements of Debtor. Debtor hereby ---------------------------------- covenants and agrees:
(a) to promptly pay all taxes and assessments of every nature which may be levied or assessed against the Collateral.
(b) to maintain and preserve ownership of the Collateral.
(c) to not transfer or attempt to transfer any interest in such Collateral.
(d) from time to time to execute such additional documents and take such other action as Secured Party may deem necessary to effectuate, maintain and preserve its security interest in the Collateral and the perfection of the same and shall indemnify Secured Party from and against all reasonable costs and expenses incurred in connection therewith, including reasonable attorneys' fees. Without limitation on the generality of the foregoing, to the extent any of the Collateral or proceeds therefrom constitutes cash or other property for which a security interest under the Colorado Uniform Commercial Code may be perfected only by possession, upon written request from Secured Party, Debtor shall forthwith deliver the same to Secured Party upon Debtor's receipt thereof.
Covenants and Agreements of Debtor. To further secure the payment of the Indebtedness and the performance and satisfaction of the Liabilities, Debtor hereby represents, warrants, covenants, and agrees as follows:
Covenants and Agreements of Debtor. In addition to all covenants and agreements of Debtor set forth in the other Loan Documents, which are incorporated herein by this reference, Debtor hereby agrees, at no cost or expense to the Collateral Agent or any of the Secured Parties:
6(a) To do all acts that may be necessary to maintain, preserve and protect the Collateral and the priority and perfected nature of the security interest of the Collateral Agent for the benefit of the Secured Parties therein;
6(b) With respect to Collateral in possession of a third party, upon the written request of the Collateral Agent, subject to and in accordance with Paragraph 5(b) of the Credit Agreement, to join with the Collateral Agent in notifying the third party of the Secured Parties' security interest and obtain an acknowledgment from the third party that it is holding the Collateral subject to the Lien of the Collateral Agent for the benefit of the Secured Parties;
6(c) Upon the written request of the Collateral Agent, to cooperate with the Collateral Agent in obtaining control agreements in form and substance satisfactory to the Collateral Agent with respect to Collateral consisting of deposit accounts, investment property, letter of credit rights, and electronic chattel paper;
6(d) Not to create any chattel paper without placing a legend on the chattel paper acceptable to the Collateral Agent indicating that the Secured Parties have a security interest in the chattel paper;
6(e) To appear in and defend any action or proceeding which may affect its title to or the Collateral Agent's interest on behalf of the Secured Parties in the Collateral;
Covenants and Agreements of Debtor. 2.1. TRANSACTIONS EFFECTING ORGANIZATION AND GOOD STANDING. Between the date hereof and the time when the Note is fully discharged, the Debtor and LAC shall take all necessary actions to keep in full force and effect the legal existence of the Debtor and LAC.
Covenants and Agreements of Debtor. In addition to all covenants and agreements of Debtor set forth in any other agreement with Secured Party, which are incorporated herein by this reference, Debtor hereby agrees:
Covenants and Agreements of Debtor. (a) Debtor covenants and agrees to promptly pay all taxes and assessments of every nature which may be levied or assessed against the Collateral.
(b) Debtor covenants and agrees not to transfer or attempt to transfer any interest in the Collateral.
(c) Debtor covenants and agrees to keep the Collateral within the State of Louisiana and free and clear of any liens or encumbrances (other than that created by this document).
(d) Debtor covenants and agrees to operate and use the Collateral in compliance with (i) the terms of the Agreement, and (ii) all applicable laws, rules and regulations promulgated by any governmental entity and to maintain and insure the Collateral in accordance with Debtor's standard business practices.
