ALL TIMES, AND (C)
WILL CONTINUE TO ENGAGE PRIMARILY IN THE BUSINESSES NOW CONDUCTED BY IT AND IN
RELATED BUSINESSES.
§7.7.
INSURANCE.
WITH RESPECT TO THE REAL ESTATE ASSETS
AND OTHER PROPERTIES AND BUSINESSES OF BORROWER, THE GUARANTORS AND THE RELATED
COMPANIES, THE BORROWER WILL MAINTAIN OR CAUSE TO BE MAINTAINED INSURANCE WITH
FINANCIALLY SOUND AND REPUTABLE INSURERS AGAINST SUCH CASUALTIES AND
CONTINGENCIES AS SHALL BE IN ACCORDANCE WITH THE GENERAL PRACTICES OF BUSINESSES
ENGAGED IN SIMILAR ACTIVITIES IN SIMILAR GEOGRAPHIC AREAS AND IN AMOUNTS,
CONTAINING SUCH TERMS, IN SUCH FORMS AND FOR SUCH PERIODS AS MAY BE REASONABLE
AND PRUDENT.
COMMERCIAL GENERAL LIABILITY INSURANCE SHALL INCLUDE AN EXCESS
LIABILITY POLICY WITH LIMITS OF AT LEAST $50,000,000.
§7.8.
TAXES.
THE BORROWER WILL PAY OR WILL CAUSE TO BE
PAID REAL ESTATE TAXES, OTHER TAXES, ASSESSMENTS AND OTHER GOVERNMENTAL CHARGES
AGAINST THE REAL ESTATE ASSETS AND THE STRUCTURED FINANCE COLLATERAL ASSETS (BUT
SHALL HAVE NO OBLIGATION BY REASON OF THIS SECTION 7.8 TO PAY ANY TAXES ON REAL
PROPERTY OTHER THAN PROPERTIES OWNED BY THE BORROWER OR ANY RELATED COMPANY)
BEFORE THE SAME BECOME DELINQUENT, AND WILL DULY PAY AND DISCHARGE, OR CAUSE TO
BE PAID AND DISCHARGED, BEFORE THE SAME SHALL BECOME OVERDUE, ALL TAXES,
ASSESSMENTS AND OTHER GOVERNMENTAL CHARGES IMPOSED UPON IT AND ITS OTHER
PROPERTIES, SALES AND ACTIVITIES, OR ANY PART THEREOF, OR UPON THE INCOME OR
PROFITS THEREFROM, AS WELL AS ALL CLAIMS FOR LABOR, MATERIALS, OR SUPPLIES THAT
IF UNPAID MIGHT BY LAW BECOME A LIEN OR CHARGE UPON ANY OF ITS PROPERTIES;
PROVIDED THAT ANY SUCH TAX, ASSESSMENT, CHARGE, LEVY OR CLAIM NEED NOT BE PAID
IF THE VALIDITY OR AMOUNT THEREOF SHALL CURRENTLY BE CONTESTED IN GOOD FAITH BY
APPROPRIATE PROCEEDINGS AND IF THE BORROWER SHALL HAVE SET ASIDE ON ITS BOOKS
ADEQUATE RESERVES WITH RESPECT THERETO; AND PROVIDED FURTHER THAT THE BORROWER
WILL PAY ALL SUCH TAXES, ASSESSMENTS, CHARGES, LEVIES OR CLAIMS FORTHWITH UPON
THE COMMENCEMENT OF PROCEEDINGS TO FORECLOSE ANY LIEN THAT MAY HAVE ATTACHED AS
SECURITY THEREFOR.
§7.9.
INSPECTION OF PROPERTIES AND BOOKS.
THE BORROWER
SHALL PERMIT THE LENDERS, THROUGH THE AGENT OR ANY OF THE LENDERS' OTHER
DESIGNATED REPRESENTATIVES, TO EXAMINE AND REVIEW ANY OF THE DOCUMENTATION
RELATED TO ANY OF THE STRUCTURED FINANCE COLLATERAL ASSETS, TO EXAMINE THE BOOKS
OF ACCOUNT OF THE BORROWER, THE COMPANY, THE OTHER GUARANTORS AND THE RELATED
COMPANIES (AND TO MAKE COPIES THEREOF AND EXTRACTS THEREFROM) AND TO DISCUSS THE
AFFAIRS, FINANCES AND ACCOUNTS OF THE BORROWER WITH, AND TO BE ADVISED AS TO THE
SAME BY, ITS OFFICERS, ALL AT SUCH REASONABLE TIMES AND INTERVALS AS THE AGENT
OR ANY LENDER MAY REASONABLY REQUEST.
§7.10.
COMPLIANCE WITH LAWS, CONTRACTS, LICENSES, AND PERMITS.
THE BORROWER AND THE COMPANY WILL COMPLY, AND WILL CAUSE EACH GUARANTOR AND ALL
RELATED COMPANIES TO COMPLY, WITH (A) ALL APPLICABLE LAWS AND REGULATIONS NOW OR
HEREAFTER IN EFFECT WHEREVER ITS BUSINESS IS CONDUCTED, INCLUDING ALL
ENVIRONMENTAL LAWS, (B) THE PROVISIONS OF ALL APPLICABLE PARTNERSHIP AGREEMENTS,
CHARTER DOCUMENTS AND BY-LAWS,