comply with and use
their respective assets in compliance with, all Requirements of Law except where
the failure of such compliance will not have a material adverse effect on the
Borrower's business or assets.
No Borrower has received any notice of any
violation of any Requirement of Law (other than of a violation which has no
material adverse effect on such Borrower's business or assets), other than any
such violations that have not been cured or otherwise remedied.
4.13
LABOR RELATIONS.
> (A)
NO BORROWER HAS BEEN AND IS PRESENTLY A PARTY TO ANY COLLECTIVE
> BARGAINING OR OTHER LABOR CONTRACT.
>
>
> (B)
THERE IS NOT PRESENTLY PENDING AND, TO THE BORROWERS' KNOWLEDGE, THERE
> IS NOT THREATENED ANY OF THE FOLLOWING:
>
> > (I)
ANY STRIKE, SLOWDOWN, PICKETING, WORK STOPPAGE, OR
> > EMPLOYEE GRIEVANCE PROCESS;
> >
> > (II)
ANY PROCEEDING AGAINST OR AFFECTING ANY BORROWER
> > RELATING TO THE ALLEGED VIOLATION OF ANY REQUIREMENT OF LAW PERTAINING TO
> > LABOR RELATIONS OR NATIONAL LABOR RELATIONS BOARD, THE EQUAL EMPLOYMENT
> > OPPORTUNITY COMMISSION, OR ANY COMPARABLE GOVERNMENTAL BODY, ORGANIZATIONAL
> > ACTIVITY, OR OTHER LABOR OR EMPLOYMENT DISPUTE AGAINST OR AFFECTING ANY
> > BORROWER, WHICH, IF DETERMINED ADVERSELY TO SUCH BORROWER IS REASONABLY
> > LIKELY TO HAVE A MATERIAL ADVERSE EFFECT ON SUCH BORROWER;
> >
> > (III)
ANY LOCKOUT OF ANY EMPLOYEES BY ANY BORROWER, (AND NO
> > SUCH ACTION IS CONTEMPLATED BY ANY BORROWER); OR
> >
> > (IV)
ANY APPLICATION FOR THE CERTIFICATION OF A COLLECTIVE
> > BARGAINING AGENT.
>
>
> (C)
NO EVENT HAS OCCURRED OR CIRCUMSTANCE EXISTS THAT COULD PROVIDE THE
> BASIS FOR ANY WORK STOPPAGE OR OTHER LABOR DISPUTE THAT IS REASONABLY LIKELY
> TO HAVE A MATERIAL ADVERSE EFFECT ON A BORROWER.
>
>
> (D)
EACH BORROWER:
>
> > (I)
HAS COMPLIED IN ALL MATERIAL RESPECTS WITH ALL
> > REQUIREMENTS OF LAW RELATING TO EMPLOYMENT, EQUAL EMPLOYMENT OPPORTUNITY,
> > NONDISCRIMINATION, IMMIGRATION, WAGES, HOURS, BENEFITS, COLLECTIVE
> > BARGAINING, THE PAYMENT OF SOCIAL SECURITY AND SIMILAR TAXES, OCCUPATIONAL
> > SAFETY AND HEALTH, AND PLANT CLOSING EXCEPT WHERE THE FAILURE TO COMPLY WILL
> > NOT HAVE A MATERIAL ADVERSE EFFECT ON SUCH BORROWER'S BUSINESS.
> >
> > (II)
IS NOT LIABLE FOR THE PAYMENT OF ANY AMOUNT OF
> > COMPENSATION, DAMAGES, TAXES, FINES, PENALTIES, OR OTHER AMOUNTS, HOWEVER
> > DESIGNATED, FOR SUCH BORROWER'S FAILURE TO COMPLY WITH ANY REQUIREMENT OF
> > LAW REFERENCED IN SECTION 4.12 EXCEPT WHERE SUCH AMOUNTS WILL NOT HAVE A
> > MATERIAL ADVERSE EFFECT ON SUCH BORROWER'S BUSINESS.
4.14
MAINTAIN PROPERTIES.
Each Borrower shall:
> (A)
KEEP THE COLLATERAL IN GOOD ORDER AND REPAIR (ORDINARY REASONABLE WEAR
> AND TEAR AND INSURED CASUALTY EXCEPTED);
>
>
> (B)
NOT SUFFER OR CAUSE THE WASTE OR DESTRUCTION OF ANY MATERIAL PART OF THE
> COLLATERAL;
>
>
> (C)
NOT USE ANY OF THE