BORROWING BASE CERTIFICATE DELIVERED IN EACH FISCAL YEAR, A
CURRENT ACCOUNT DEBTOR NAME AND ADDRESS LIST;
51
(L)
SUCH OTHER INFORMATION WITH RESPECT TO THE FINANCIAL CONDITION,
BUSINESS, PROPERTY, ASSETS, REVENUES AND OPERATIONS OF EACH BORROWER OR ANY
SUBSIDIARY AS ANY LENDER MAY FROM TIME TO TIME REASONABLY REQUEST.
SECTION 6.1.2
MAINTENANCE OF CORPORATE EXISTENCE, ETC.
EXCEPT AS PERMITTED
BY SECTION 6.2.10, THE BORROWERS WILL CAUSE TO BE DONE AT ALL TIMES ALL THINGS
NECESSARY TO MAINTAIN AND PRESERVE THE CORPORATE EXISTENCES OF EACH BORROWER AND
EACH SUBSIDIARY.
SECTION 6.1.3
FOREIGN QUALIFICATION.
THE BORROWERS WILL, AND WILL CAUSE
EACH SUBSIDIARY TO, CAUSE TO BE DONE AT ALL TIMES ALL THINGS NECESSARY TO BE
DULY QUALIFIED TO DO BUSINESS AND BE IN GOOD STANDING AS A FOREIGN CORPORATION
IN EACH JURISDICTION WHERE THE FAILURE TO SO QUALIFY COULD RESULT IN A MATERIAL
ADVERSE CHANGE.
SECTION 6.1.4
PAYMENT OF TAXES, ETC.
THE BORROWERS WILL, AND WILL CAUSE
EACH SUBSIDIARY TO, PAY AND DISCHARGE, AS THE SAME BECOME DUE AND PAYABLE,
(A) ALL CHARGES AGAINST IT OR ON ANY OF ITS PROPERTY, AS WELL AS CLAIMS OF ANY
KIND WHICH, IF UNPAID, COULD REASONABLY BE EXPECTED TO BECOME A LIEN UPON ANY
ONE OF ITS PROPERTIES, AND (B) ALL LAWFUL CLAIMS FOR LABOR, MATERIALS, SUPPLIES,
SERVICES OR OTHERWISE BEFORE ANY THEREOF BECOME A DEFAULT; PROVIDED, HOWEVER,
THAT THE FOREGOING SHALL NOT REQUIRE ANY BORROWER OR ANY SUCH SUBSIDIARY TO PAY
OR DISCHARGE ANY SUCH CHARGE OR CLAIM SO LONG AS IT SHALL BE DILIGENTLY
CONTESTING THE VALIDITY THEREOF IN GOOD FAITH BY APPROPRIATE PROCEEDINGS AND
SHALL HAVE SET ASIDE ON ITS BOOKS ADEQUATE RESERVES IN ACCORDANCE WITH GAAP WITH
RESPECT THERETO.
SECTION 6.1.5
INSURANCE.
IN ADDITION TO ANY INSURANCE REQUIRED TO BE
MAINTAINED PURSUANT TO ANY OTHER LOAN DOCUMENT, THE BORROWERS WILL, AND WILL
CAUSE EACH SUBSIDIARY TO, MAINTAIN OR CAUSE TO BE MAINTAINED (A) INSURANCE WITH
RESPECT TO ITS PROPERTIES AND BUSINESS AGAINST SUCH CASUALTIES, CONTINGENCIES
AND LIABILITIES AND OF SUCH TYPES AND IN SUCH AMOUNTS AS IS ACCEPTABLE TO THE
AGENT AND THE LENDERS AND WILL FURNISH TO THE AGENT, ANNUALLY AT THE POLICY
RENEWAL DATE, A CERTIFICATE OF AN AUTHORIZED OFFICER SETTING FORTH THE NATURE
AND EXTENT OF ALL INSURANCE MAINTAINED BY THE BORROWERS AND THEIR SUBSIDIARIES
IN ACCORDANCE WITH THIS SECTION 6.1.5, AND (B) THE POLICIES REFERRED TO IN
SECTION 4.1.12.
EACH SUCH POLICY SHALL BE ISSUED BY AN INSURANCE COMPANY WITH A
BEST'S RATING OF "A" OR BETTER ("B+" OR BETTER, IN THE CASE OF LUMBERMEN'S
UNDERWRITING ALLIANCE) AND A FINANCIAL SIZE CATEGORY OF NOT LESS THAN XII, SHALL
BE IN EFFECT ON THE CLOSING DATE, AND THE PREMIUMS FOR EACH SUCH POLICY SHALL BE
PAID AS SUCH PREMIUMS SHALL COME DUE.
ALL POLICIES OF CASUALTY INSURANCE SHALL
CONTAIN AN ENDORSEMENT, IN THE FORM SUBMITTED TO THE BORROWERS' REPRESENTATIVE
BY THE AGENT, SHOWING LOSS PAYABLE TO THE AGENT FOR ITS BENEFIT AND THE RATABLE
INTERESTS OF THE LENDERS, AS THEIR INTERESTS MAY APPEAR.
ALL POLICIES OF
LIABILITY