BUSINESSES OF
SIMILAR SIZE ACTING PRUDENTLY AND (II) INSURING EACH GRANTOR AND THE SECURED
PARTY AGAINST LIABILITY FOR PERSONAL INJURY AND PROPERTY DAMAGE RELATING TO SUCH
INVENTORY AND EQUIPMENT, SUCH POLICIES TO BE IN SUCH FORM AND AMOUNTS AND HAVING
SUCH COVERAGE AS SHALL BE COMPARABLE TO FORMS, AMOUNTS AND COVERAGE,
RESPECTIVELY, OBTAINED BY SIMILAR BUSINESSES OF SIMILAR SIZE ACTING PRUDENTLY,
WITH LOSSES PAYABLE TO ANY GRANTOR AND THE SECURED PARTY AS ITS INTEREST MAY
APPEAR OR, IN THE CASE OF LIABILITY INSURANCE, SHOWING THE SECURED PARTY AS
ADDITIONAL INSURED PARTIES.
EACH GRANTOR SHALL DELIVER TO THE SECURED PARTY A
REPORT OF A REPUTABLE INSURANCE BROKER WITH RESPECT TO SUCH INSURANCE AT THE
BEGINNING OF EACH CALENDAR YEAR AND SUCH SUPPLEMENTAL REPORTS WITH RESPECT
THERETO AS THE SECURED PARTY MAY FROM TIME TO TIME REASONABLY REQUEST.
9
(N)
FURTHER IDENTIFICATION OF COLLATERAL.
EACH GRANTOR WILL FURNISH
TO THE SECURED PARTY FROM TIME TO TIME STATEMENTS AND SCHEDULES FURTHER
IDENTIFYING AND DESCRIBING THE COLLATERAL AND SUCH OTHER REPORTS IN CONNECTION
WITH THE COLLATERAL AS THE SECURED PARTY MAY REASONABLY REQUEST, ALL IN
REASONABLE DETAIL.
(O)
NOTICES.
EACH GRANTOR WILL ADVISE THE SECURED PARTY PROMPTLY, IN
REASONABLE DETAIL, AT ITS ADDRESS SET FORTH IN THE LOAN AGREEMENT, (I) OF ANY
LIEN (OTHER THAN LIENS CREATED HEREBY OR PERMITTED UNDER THE LOAN AGREEMENT) ON,
OR CLAIM ASSERTED AGAINST, ANY OF THE COLLATERAL AND (II) OF THE OCCURRENCE OF
ANY OTHER EVENT WHICH COULD REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE
EFFECT ON THE AGGREGATE VALUE OF THE COLLATERAL OR ON THE LIENS CREATED
HEREUNDER.
(P)
CHANGES IN LOCATIONS, NAME, ETC.
NO GRANTOR WILL, WITHOUT GIVING
THE SECURED PARTY REASONABLE ADVANCE NOTICE OF THE SAME, (I) CHANGE THE LOCATION
OF ITS JURISDICTION OF ORGANIZATION, AS DEFINED IN THE UNIFORM COMMERCIAL CODE
OF ANY RELEVANT JURISDICTION FROM THAT SPECIFIED IN SECTION 4(F) OR REMOVE ITS
BOOKS AND RECORDS CONCERNING THE RECEIVABLES FROM THE LOCATION SPECIFIED IN
SECTION 4(C), (II) PERMIT ANY OF THE INVENTORY OR EQUIPMENT TO BE KEPT AT A
LOCATION OTHER THAN THOSE LISTED ON SCHEDULE IV HERETO, (III) CHANGE ITS NAME,
IDENTITY OR CORPORATE OR LIMITED LIABILITY COMPANY STRUCTURE OR (IV) REORGANIZE
UNDER THE LAWS OF ANOTHER JURISDICTION OR AS A DIFFERENT TYPE OF ENTITY.
(Q)
PATENTS, TRADEMARKS AND COPYRIGHTS.
(I)
EACH GRANTOR (EITHER ITSELF OR THROUGH LICENSEES) WILL (I)
CONTINUE TO USE EACH IN A MANNER SUFFICIENT TO MAINTAIN SUCH TRADEMARK IN FULL
FORCE FREE FROM ANY CLAIM OF ABANDONMENT FOR NON-USE, (II) MAINTAIN AS IN THE
PAST THE QUALITY OF PRODUCTS AND SERVICES OFFERED UNDER SUCH TRADEMARK, (III)
EMPLOY SUCH TRADEMARK WITH THE APPROPRIATE NOTICE OF REGISTRATION, (IV) NOT
ADOPT OR USE ANY MARK WHICH IS CONFUSINGLY SIMILAR OR A COLORABLE IMITATION OF
SUCH TRADEMARK UNLESS THE SECURED PARTY, SHALL OBTAIN A PERFECTED SECURITY
INTEREST IN SUCH MARK PURSUANT TO THIS AGREEMENT, AND (V) NOT (AND NOT PERMIT
ANY LICENSEE OR SUBLICENSEE THEREOF TO) DO ANY ACT OR KNOWINGLY OMIT TO DO ANY
ACT WHEREBY ANY TRADEMARK MAY