REASONABLY REQUIRE FROM TIME TO
TIME IN ORDER TO CARRY OUT MORE EFFECTIVELY THE PURPOSES OF EACH LOAN DOCUMENT.
WITHOUT LIMITING THE FOREGOING, EACH CREDIT PARTY SHALL (A) AUTHORIZE
ADMINISTRATIVE AGENT TO FILE UCC-1 FINANCING STATEMENTS IN ALL JURISDICTIONS
DEEMED NECESSARY OR DESIRABLE BY ADMINISTRATIVE AGENT, AND (B) TAKE SUCH ACTION
FROM TIME TO TIME (INCLUDING, WITHOUT LIMITATION, FILING, EXECUTING AND
DELIVERING SUCH ASSIGNMENTS, SECURITY AGREEMENT AND OTHER INSTRUMENTS) AS SHALL
BE REASONABLY REQUESTED BY ADMINISTRATIVE AGENT TO CREATE, IN FAVOR OF THE
LENDERS, TO THE EXTENT REQUIRED UNDER THE RESPECTIVE SECURITY DOCUMENTATION AND
TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW, A FIRST-PRIORITY PERFECTED
LIEN IN ALL OF THE COLLATERAL (SUBJECT TO PERMITTED LIENS).
SECTION 5.7.
[RESERVED].
SECTION 5.8.
INSURANCE.
EACH CREDIT PARTY SHALL
MAINTAIN AND/OR SHALL CAUSE EACH OF ITS SUBSIDIARIES TO MAINTAIN, AT ITS
RESPECTIVE EXPENSE, AND KEEP IN EFFECT WITH RESPONSIBLE INSURANCE COMPANIES,
SUCH LIABILITY INSURANCE FOR BODILY INJURY AND THIRD-PARTY PROPERTY DAMAGE AS IS
CUSTOMARY IN THE CASE OF COMPANIES ENGAGED IN THE SAME OR SIMILAR BUSINESS OR
HAVING SIMILAR PROPERTIES, SIMILARLY SITUATED.
EACH CREDIT PARTY SHALL, AND
SHALL CAUSE EACH OF ITS SUBSIDIARIES TO, KEEP AND MAINTAIN, AT ITS EXPENSE, ITS
MATERIAL REAL AND PERSONAL PROPERTY INSURED AGAINST LOSS OR DAMAGE BY FIRE,
THEFT, EXPLOSION, SPOILAGE AND ALL OTHER RISKS ORDINARILY INSURED AGAINST BY
OTHER OWNERS OR USERS OF SUCH PROPERTIES IN SIMILAR BUSINESSES IN AN AMOUNT
EQUAL TO THE FULL REPLACEMENT OR CASH VALUE THEREOF, SUBJECT TO DEDUCTIBLE
AMOUNTS WHICH THE BORROWER, IN ITS REASONABLE JUDGMENT, DEEMS PRUDENT.
EACH
SUCH POLICY OF INSURANCE SHALL (I) NAME ADMINISTRATIVE AGENT, ON BEHALF OF
SECURED PARTIES AS AN ADDITIONAL INSURED THEREUNDER AS ITS INTERESTS MAY APPEAR,
AND (II) IN THE CASE OF EACH CASUALTY INSURANCE POLICY, CONTAIN A LOSS PAYABLE
CLAUSE OR ENDORSEMENT, REASONABLY SATISFACTORY IN FORM AND SUBSTANCE TO
ADMINISTRATIVE AGENT, THAT NAMES ADMINISTRATIVE AGENT, ON BEHALF OF SECURED
PARTIES AS THE LOSS PAYEE THEREUNDER AND PROVIDES FOR AT LEAST THIRTY DAYS'
PRIOR WRITTEN NOTICE TO ADMINISTRATIVE AGENT OF ANY MODIFICATION OR CANCELLATION
OF SUCH POLICY.
SECTION 5.9.
INFORMATION REGARDING COLLATERAL.
THE BORROWER WILL FURNISH TO ADMINISTRATIVE AGENT PROMPT WRITTEN NOTICE OF ANY
CHANGE IN (I) ANY CREDIT PARTY'S CORPORATE NAME OR ANY TRADE NAME USED TO
IDENTIFY IT IN THE CONDUCT OF ITS BUSINESS OR ANY CREDIT PARTY'S CHIEF EXECUTIVE
OFFICE, ITS PRINCIPAL PLACE OF BUSINESS OR ITS JURISDICTION OF ORGANIZATION, OR
(II) ANY CREDIT PARTY'S FEDERAL TAXPAYER IDENTIFICATION NUMBER.
THE BORROWER
WILL NOT EFFECT OR PERMIT
53
ANY CHANGE REFERRED TO IN THE PRECEDING SENTENCE UNLESS ALL FILINGS HAVE BEEN
MADE UNDER THE UCC AND ALL OTHER ACTIONS HAVE BEEN TAKEN THAT ARE REQUIRED SO
THAT SUCH CHANGE WILL NOT AT ANY TIME ADVERSELY AFFECT THE VALIDITY, PERFECTION
OR PRIORITY OF ANY LIEN ESTABLISHED UNDER ANY LOAN DOCUMENT ON THE COLLATERAL.
SECTION 5.10.
EXISTENCE; CONDUCT OF BUSINESS.
EACH
CREDIT PARTY WILL DO OR CAUSE TO BE DONE ALL THINGS NECESSARY TO PRESERVE, RENEW
AND KEEP IN FULL FORCE AND EFFECT ITS LEGAL