THEREON FROM THE DUE DATE AT THE DEFAULT
RATE AS PROVIDED IN THE CREDIT AGREEMENT.
SECTION 4.9
FINANCING STATEMENT FILINGS; NOTIFICATIONS.
EACH DEBTOR
RECOGNIZES THAT FINANCING STATEMENTS PERTAINING TO THE COLLATERAL WILL BE FILED
WITH THE OFFICE OF THE SECRETARY OF STATE FOR THE STATE IN WHICH EACH DEBTOR IS
ORGANIZED AND A MORTGAGE WILL BE FILED IN EACH COUNTY IN EACH STATE IN WHICH ANY
REAL PROPERTY OF ANY DEBTOR IS LOCATED.
DEBTORS WILL PROMPTLY NOTIFY SECURED
PARTY OF ANY CONDITION OR EVENT THAT MAY CHANGE THE PROPER LOCATION FOR THE
FILING OF ANY FINANCING STATEMENTS OR OTHER PUBLIC NOTICE OR RECORDINGS FOR THE
PURPOSE OF PERFECTING A SECURITY INTEREST IN THE COLLATERAL.
WITHOUT LIMITING
THE GENERALITY OF THE FOREGOING, DEBTORS WILL (A) PROMPTLY NOTIFY SECURED PARTY
OF ANY CHANGE TO A JURISDICTION OTHER THAN AS REPRESENTED IN SECTION 3.5 OR
SECTION 3.6: (I) IN THE LOCATION OF SUCH DEBTOR'S REGISTERED OFFICE; (II) IN THE
LOCATION OF THE INVENTORY (OTHER THAN INVENTORY SOLD OR LEASED IN THE ORDINARY
COURSE OF BUSINESS); (III) IN THE LOCATION WHERE THE EQUIPMENT IS KEPT (OTHER
THAN EQUIPMENT REMOVED IN THE ORDINARY COURSE OF BUSINESS FOR NOT MORE THAN
THIRTY (30) DAYS) OR DISPOSED OF AS PERMITTED BY THE CREDIT AGREEMENT; (IV) IN
THE LOCATION OF THE OFFICE WHERE ANY DEBTOR KEEPS ITS RECORDS CONCERNING THE
ACCOUNTS; OR (V) IN THE "LOCATION" OF ANY DEBTOR WITHIN THE MEANING OF THE CODE;
(B) PRIOR TO ANY OF THE COLLATERAL BECOMING SO RELATED TO ANY PARTICULAR REAL
ESTATE SO AS TO BECOME A FIXTURE ON SUCH REAL ESTATE, NOTIFY SECURED PARTY OF
THE DESCRIPTION OF SUCH REAL ESTATE AND THE NAME OF THE RECORD OWNER THEREOF;
AND (C) PROMPTLY NOTIFY SECURED PARTY OF ANY CHANGE IN ANY DEBTOR'S NAME,
IDENTITY OR ORGANIZATIONAL STRUCTURE.
IN ANY NOTICE FURNISHED PURSUANT TO THIS
SECTION, DEBTORS WILL EXPRESSLY STATE THAT THE NOTICE IS REQUIRED BY THIS
AGREEMENT AND CONTAINS FACTS THAT WILL OR MAY REQUIRE ADDITIONAL FILINGS OF
FINANCING STATEMENTS OR OTHER NOTICES FOR THE PURPOSE OF CONTINUING PERFECTION
OF SECURED PARTY'S SECURITY INTEREST IN THE COLLATERAL.
7
SECTION 4.10
MAINTENANCE OF COLLATERAL GENERALLY.
EXCEPT FOR MATTERS
WHICH COULD NOT REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT,
DEBTORS WILL (A) MAINTAIN ALL THE COLLATERAL IN GOOD CONDITION, REPAIR, AND
WORKING ORDER (ORDINARY WEAR AND TEAR EXCEPTED); (B) NOT MISUSE, ABUSE, WASTE,
DESTROY OR ALLOW THE COLLATERAL TO DETERIORATE, EXCEPT, WITH RESPECT TO THE
EQUIPMENT ONLY, FOR ORDINARY WEAR AND TEAR FROM ITS INTENDED USE; (C) PROMPTLY,
OR IN THE CASE OF ANY LOSS OR DAMAGE TO ANY GOODS INCLUDED IN THE COLLATERAL AS
SOON AS PRACTICABLE, MAKE OR CAUSE TO BE MADE ALL REPAIRS, REPLACEMENTS OR OTHER
IMPROVEMENTS TO THE COLLATERAL AS ARE NECESSARY OR DESIRABLE TO ACCOMPLISH THE
FOREGOING; AND (D) NOT USE ANY COLLATERAL IN VIOLATION OF ANY LAW, STATUTE,
ORDINANCE OR REGULATION OR ALLOW IT TO BE SO USED.
SECTION 4.11
ACCOUNT OBLIGATIONS.
DEBTORS WILL DULY PERFORM OR CAUSE
TO BE PERFORMED ALL MATERIAL