Common use of Covenants Relating to Collateral Clause in Contracts

Covenants Relating to Collateral. Company hereby agrees (a) to perform all acts that may be necessary to maintain, preserve, protect and perfect the Collateral, the Lien granted to the Secured Parties therein and the perfection and priority of such Lien, subject to Permitted Liens; (b) not to use or permit any Collateral to be used (i) in violation in any material respect of any applicable law, rule or regulation, or (ii) in violation in any material respect of any policy of insurance covering the Collateral; (c) to pay promptly when due all material taxes and other governmental charges and all other material charges now or hereafter imposed upon or affecting any Collateral; and (d) without written notice to the Secured Parties, (i) without 30 days prior notice to the Secured Parties, not to change Company's name or place of business (or, if Company has more than one place of business, its chief executive office), or the office in which Company's records relating to accounts receivable and payment intangibles are kept, or (ii) without 30 days prior notice to the Secured Parties, not to change Company’s state of formation. Notwithstanding anything in this Agreement to the contrary, Company shall not be required to take any actions to perfect the Secured Parties’ security interest in the Collateral other than the filing of a financing statement under the Uniform Commercial Code.

Covenants Relating to Collateral. (a) Company hereby agrees (a) to perform all acts that may be necessary to maintain, preserve, protect and perfect the Collateral, the Lien granted to the Secured Parties Lender therein and the perfection and priority of such Lien, subject to except for Permitted Liens; (b) not to have any other Liens, except Permitted Liens, placed on the Collateral; (c) not to use or permit any Collateral to be used (i) in violation in any material respect of any applicable law, rule or regulation, or (ii) in violation in any material respect of any policy of insurance covering the Collateral; (cd) to pay promptly when due all material taxes and other governmental charges charges, all Liens and all other material charges now or hereafter imposed upon or affecting any Collateral; and (de) without 30 days’ written notice to the Secured PartiesCollateral Agent, (i) without 30 days prior notice to the Secured Parties, not to change Company's ’s name or place of business (or, if Company has more than one place of business, its chief executive office), or the office in which Company's ’s records relating to accounts receivable and payment intangibles are kept, or (ii) without 30 days prior notice to the Secured Parties, not to change Company’s state of formation. Notwithstanding anything in this Agreement incorporation, or (f) to procure, execute and deliver from time to time any endorsements, assignments, financing statements and other writings reasonably deemed necessary or appropriate by Lender to perfect, maintain and protect its Lien hereunder and the contrary, Company shall not be required priority thereof and to take any actions to perfect deliver promptly upon the Secured Parties’ security interest in the request of Lender all originals of Collateral other than the filing consisting of a financing statement under the Uniform Commercial Codeinstruments.