OTHER TAXES, AND ALL GOVERNMENTAL CHARGES OR LEVIES AGAINST IT, AS
WELL AS CLAIMS OF ANY KIND WHICH, IF UNPAID, COULD BECOME A LIEN ON ANY OF ITS
PROPERTY; PROVIDED THAT THE FOREGOING SHALL NOT REQUIRE THE BORROWER OR ANY
SUBSIDIARY TO PAY ANY SUCH TAX OR CHARGE SO LONG AS IT SHALL CONTEST THE
VALIDITY THEREOF IN GOOD FAITH BY APPROPRIATE PROCEEDINGS AND SHALL SET ASIDE ON
ITS BOOKS ADEQUATE RESERVES WITH RESPECT THERETO IN ACCORDANCE WITH GAAP.
6.4
MAINTAIN PROPERTY.
THE BORROWER SHALL AT ALL TIMES MAINTAIN,
PRESERVE AND KEEP ITS PLANT, PROPERTIES AND EQUIPMENT IN GOOD REPAIR, WORKING
ORDER AND CONDITION, NORMAL WEAR AND TEAR EXCEPTED, AND SHALL FROM TIME TO TIME
MAKE ALL NEEDFUL AND PROPER REPAIRS, RENEWALS, REPLACEMENTS, AND ADDITIONS
THERETO SO THAT AT ALL TIMES THE EFFICIENCY THEREOF SHALL BE FULLY PRESERVED AND
MAINTAINED.
THE BORROWER SHALL PERMIT THE BANK TO EXAMINE AND INSPECT SUCH
PLANT, PROPERTIES AND EQUIPMENT AT ALL REASONABLE TIMES.
6.5
MAINTAIN INSURANCE.
THE BORROWER SHALL AT ALL TIMES MAINTAIN, AND
CAUSE ANY SUBSIDIARY TO MAINTAIN, WITH INSURANCE COMPANIES REASONABLY ACCEPTABLE
TO THE BANK, SUCH INSURANCE COVERAGE AS MAY BE REQUIRED BY ANY LAW OR
GOVERNMENTAL REGULATION OR COURT DECREE OR ORDER APPLICABLE TO IT AND SUCH OTHER
INSURANCE, TO SUCH EXTENT AND AGAINST SUCH HAZARDS AND LIABILITIES, INCLUDING
EMPLOYERS', PUBLIC AND PROFESSIONAL LIABILITY RISKS, AS IS CUSTOMARILY
MAINTAINED BY COMPANIES SIMILARLY SITUATED, AND SHALL HAVE INSURED AMOUNTS NO
LESS THAN, AND DEDUCTIBLES NO HIGHER THAN, ARE REASONABLY ACCEPTABLE TO THE
BANK.
THE BORROWER SHALL FURNISH TO THE BANK A CERTIFICATE SETTING FORTH IN
REASONABLE DETAIL THE NATURE AND EXTENT OF ALL INSURANCE MAINTAINED BY THE
BORROWER, WHICH SHALL BE REASONABLY ACCEPTABLE IN ALL RESPECTS TO THE BANK.
In the event the Borrower either fails to provide the Bank with evidence of the
insurance coverage required by this Section or at any time hereafter shall fail
to obtain or maintain any of the policies of insurance required above, or to pay
any premium in whole or in part relating thereto, then the Bank, without waiving
or releasing any obligation or default by the Borrower hereunder, may at any
time (but shall be under no obligation to so act), obtain and maintain such
policies of insurance and pay such premiums and take any other action with
respect thereto, which the Bank deems advisable.
This insurance coverage
(a) may, but need not, protect the Borrower's interests in such property, and
(b) may not pay any claim made by, or against, the Borrower in connection with
such property.
The Borrower may later cancel any such insurance purchased by
the Bank, but only after providing the Bank with evidence that the Borrower has
obtained the insurance coverage required by this Section.
If the Bank purchases
such insurance, the Borrower will be responsible for the costs of that
insurance, including interest and any other charges that may be imposed with the
placement of the insurance, until the effective date of the cancellation or
expiration of the