A MATERIAL ADVERSE EFFECT ON THE
VALUE OF SUCH CONTRACTS OR ACCOUNTS WHEN EXAMINED IN THE AGGREGATE OR (III) FAIL
TO DELIVER TO THE SECURED PARTY A COPY OF EACH MATERIAL DEMAND, NOTICE OR
DOCUMENT RECEIVED BY IT RELATING IN ANY WAY TO ANY CONTRACT OR ANY MATERIAL
AGREEMENT GIVING RISE TO AN ACCOUNT.
(K)
MAINTENANCE OF EQUIPMENT.
THE DEBTOR WILL
MAINTAIN EACH ITEM OF EQUIPMENT IN GOOD OPERATING CONDITION, ORDINARY WEAR AND
TEAR AND IMMATERIAL IMPAIRMENTS OF VALUE AND DAMAGE BY THE ELEMENTS EXCEPTED,
AND WILL PROVIDE ALL MAINTENANCE, SERVICE AND REPAIRS NECESSARY FOR SUCH PURPOSE
EXCEPT WHERE THE FAILURE TO MAINTAIN SUCH EQUIPMENT COULD NOT REASONABLY BE
EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT.
(L)
MAINTENANCE OF INSURANCE.
THE DEBTOR
WILL MAINTAIN, WITH FINANCIALLY SOUND AND REPUTABLE COMPANIES, INSURANCE
POLICIES (I) INSURING THE INVENTORY, EQUIPMENT AND VEHICLES AGAINST LOSS BY
FIRE, EXPLOSION, THEFT AND SUCH OTHER CASUALTIES IN AMOUNTS COMPARABLE TO
AMOUNTS OF INSURANCE COVERAGE OBTAINED BY SIMILAR BUSINESSES OF SIMILAR SIZE
ACTING PRUDENTLY AND (II) INSURING THE DEBTOR, THE SECURED PARTY AGAINST
LIABILITY FOR PERSONAL INJURY AND PROPERTY DAMAGE RELATING TO SUCH INVENTORY,
EQUIPMENT AND VEHICLES, SUCH POLICIES TO BE IN SUCH FORM AND AMOUNTS AND HAVING
SUCH COVERAGE AS SHALL BE COMPARABLE TO FORMS, AMOUNTS AND COVERAGE,
RESPECTIVELY, OBTAINED BY SIMILAR BUSINESSES OF SIMILAR SIZE ACTING PRUDENTLY,
WITH LOSSES PAYABLE TO THE DEBTOR, THE SECURED PARTY AS ITS INTERESTS MAY
APPEAR.
ALL SUCH INSURANCE SHALL (I) PROVIDE THAT NO CANCELLATION, MATERIAL
REDUCTION IN AMOUNT OR MATERIAL CHANGE IN COVERAGE THEREOF SHALL BE EFFECTIVE
UNTIL AT LEAST THIRTY (30) DAYS AFTER RECEIPT BY THE SECURED PARTY OF WRITTEN
NOTICE THEREOF, (II) NAME THE SECURED PARTY AS INSURED AND (III) BE REASONABLY
SATISFACTORY IN ALL OTHER RESPECTS TO THE SECURED PARTY.
IF REQUIRED BY THE
SECURED PARTY, THE DEBTOR SHALL DELIVER TO THE SECURED PARTY A REPORT OF A
REPUTABLE INSURANCE BROKER WITH RESPECT TO SUCH INSURANCE AS SET FORTH IN THE
CREDIT AGREEMENT.
(M)
FURTHER IDENTIFICATION OF COLLATERAL.
THE
DEBTOR WILL FURNISH TO THE SECURED PARTY FROM TIME TO TIME STATEMENTS AND
SCHEDULES FURTHER IDENTIFYING AND DESCRIBING THE COLLATERAL AND SUCH OTHER
REPORTS IN CONNECTION WITH THE COLLATERAL AS THE SECURED PARTY MAY REASONABLY
REQUEST, ALL IN REASONABLE DETAIL.
(N)
NOTICES.
THE DEBTOR WILL ADVISE THE SECURED
PARTY PROMPTLY, IN REASONABLE DETAIL, AT ITS ADDRESS SET FORTH IN THE CREDIT
AGREEMENT, (I) OF ANY LIEN (OTHER THAN LIENS CREATED HEREBY OR PERMITTED LIENS)
ON, OR CLAIM ASSERTED AGAINST, ANY OF THE COLLATERAL AND (II) OF THE OCCURRENCE
OF ANY OTHER EVENT WHICH COULD REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE
EFFECT.
9
(O)
CHANGES IN LOCATIONS, NAME, ETC.
THE DEBTOR
WILL NOT (I) CHANGE THE LOCATION OF ITS CHIEF EXECUTIVE OFFICE, CHIEF PLACE OF
BUSINESS OR JURISDICTION OF INCORPORATION OR ORGANIZATION FROM THAT SPECIFIED IN
SCHEDULE 4(F) OR REMOVE ITS BOOKS AND RECORDS FROM THE LOCATION SPECIFIED IN
SCHEDULE 4(C), (II) PERMIT ANY OF THE INVENTORY OR EQUIPMENT TO BE KEPT AT A
LOCATION OTHER