Other Covenants of Borrower. Borrower covenants and agrees that from the date hereof and until payment in full of the Obligations and the termination of this Agreement, Borrower and each Subsidiary shall comply with the following additional covenants:
Other Covenants of Borrower. Borrower hereby covenants and agrees with Lender as follows:
Other Covenants of Borrower. Borrower and each Guarantor covenant and agree that from the date hereof and until payment in full of the Indebtedness and the formal termination of this Agreement, Borrower and each Guarantor shall comply with the following additional covenants:
Other Covenants of Borrower. Borrower hereby covenants and agrees with Lender as follows.
Other Covenants of Borrower. Borrower covenants that:
a. It will at all times keep, at its principal place of business in Apollo Beach, Florida, accurate and complete records and accounts concerning all accounts receivable, and will submit to Lender, in the form prescribed by the latter, reconciliations of accounts receivable which set forth the total amount of all of its accounts receivable outstanding as of the date of the report, and which of them are then acceptable accounts receivable.
b. Borrower will promptly advise Lender in writing of its opening of any new places of business, or the closing of any existing places of business.
c. Borrower will sign any financing statement or statements, in form satisfactory to Lender, that Lender at any time may request or wishes to file in order to protect its security interest in any collateral for Loans made hereunder.
d. Borrower will execute and deliver to Lender all instruments, documents, or other writing that Lender deems necessary to carry out the terms hereof and to perfect its security interest in acceptable accounts receivable that are being used as collateral.
e. Lender, or any of its agents shall have the right to, at Borrower's place or places of business and with three (3) business days notice, inspect, audit, check, and make extracts from the books, records, journals, orders, receipts, correspondence, and other data relating to acceptable accounts receivables.
f. Borrower will not grant a security interest in any raw material, goods in process, finished goods, or inventory without Lender's prior permission.
g. The Borrower shall, as its own expense, promptly adjust all disputes with its customers.
Other Covenants of Borrower. 14 8. Default..............................................................16
Other Covenants of Borrower. Section 7 is hereby amended and restated as follows: Capital Expenditures. Borrower shall not during any fiscal year expend on gross fixed assets (including gross leases to be capitalized under GAAP and leasehold improvements), unless approved in writing by Bank, in an amount exceeding $250,000 in the aggregate.
Other Covenants of Borrower. 30 SECTION 3.01 Liens....................................................... 30 SECTION 3.02 Amendments, Supplements, Etc................................ 30 SECTION 3.03 Access to or Furnishing of Information...................... 31 SECTION 3.04
Other Covenants of Borrower
