Common use of Positive Covenants of the Borrower Clause in Contracts

Positive Covenants of the Borrower. a) Till the Final Settlement Date, the Borrower shall and shall ensure that each Obligor (wherever applicable): (i) conduct its business with honesty, integrity, diligence and efficiency in compliance with applicable laws and regulations and to keep the Lender informed about major business developments as may occur from time to time; (ii) ensure that the value of the Secured Assets does not diminish and shall maintain such value as may provide adequate security cover to the Lender to its satisfaction; (iii) comply at all times with the Applicable Laws; (iv) pay and shall procure that each Obligor shall pay all costs, charges, expenses, taxes and such other charges in accordance with the Applicable Laws; (v) at all times, allow any Person authorized by the Lender to have free access to the office of the Borrower, and, or the Security for the purpose of inspection of its moveable and immoveable properties including the Secured Assets; (vi) promptly give written notice to the Lender of (i) any dispute which might arise between an Obligor and any Person or any governmental body or authority relating to or concerning the business or the Securities; (ii) any distress or execution being levied against the Securities;

Positive Covenants of the Borrower. a) Till the Final Settlement Date, the Borrower shall and shall ensure that each Obligor (wherever applicable): (iI) conduct its business with honesty, integrity, diligence and efficiency in compliance with applicable laws and regulations and to keep the Lender informed about major business developments as may occur from time to time; (iiII) ensure that the value of the Secured Assets does not diminish and shall maintain such value as may provide adequate security cover to the Lender to its satisfaction; (iiiIII) comply at all times with the Applicable Laws; (ivIV) pay and shall procure that each Obligor shall pay all costs, charges, expenses, taxes and such other charges in accordance with the Applicable Laws; (vV) at all times, allow any Person authorized by the Lender to have free access to the office of the Borrower, and, or the Security for the purpose of inspection of its moveable and immoveable properties including the Secured Assets; (viVI) promptly give written notice to the Lender of (i) any dispute which might arise between an Obligor and any Person or any governmental body or authority relating to or concerning the business or the Securities; (ii) any distress or execution being levied against the Securities;