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Bank Loan Documents, the City Loan documents (the "City Loan <br /> Documents"), the County Loan documents (the "County Loan <br /> Documents") and the Microloan loan documents (the "Microloan <br /> Documents"). <br /> (d) Insurance. During the term of the this Agreement, Borrower shall procure <br /> and maintain or cause to be procured and maintained at its sole expense, <br /> casualty insurance, public liability insurance and such other types of <br /> insurance as are reasonably required by Lender from time to time, <br /> including, without limitation, the coverages expressly required of Entity <br /> Guarantor by the Mortgage, insuring Lender and Borrower with <br /> coverages, in amounts and with companies satisfactory to Lender. The <br /> policy or policies or duly executed certificate or certificates for such <br /> insurance and renewals or replacements thereof shall be deposited with <br /> Lender. <br /> (e) Pay Charges. Immediately pay: (i) One percent (1%) processing fee (if <br /> not already paid); (ii) all of Lender's attorneys' fees; and (iii) all loan <br /> charges including, but not limited to, recording fees and Mortgage <br /> Registration Taxes for the Mortgage and any other instruments required <br /> under this Agreement, except to the extent otherwise payable by Lender. <br /> (f) Continual Operation. At all times while any portion of the Loan remains <br /> outstanding, Borrower will: (i) maintain its status as a for profit entity; <br /> (ii) maintain a positive net worth; and (iii) will operate its business from <br /> the Loan Property in a first class manner (from and after issuance of the <br /> Certificate of Occupancy for the Loan Property). <br /> (h) Default Notices. Provide Lender with a copy of any default notice <br /> received pursuant to the Bank Loan Documents, the City Loan <br /> Documents, the County Loan Documents and the Microloan Loan <br /> Documents (to the extent that such notice is send by a party other than <br /> Lender) or any governmental authority, promptly after receipt of the same. <br /> (i) Title to Equipment. Borrower owns or will own all of the Equipment "free <br /> and clear," that Lender will have a "first priority" lien in the Equipment <br /> pursuant to the Security Agreement and that no other party has any right, <br /> title or interest in the Equipment, other than any subordinate security interest <br /> in the Equipment that might be granted pursuant to the Bank Loan <br /> Documents,the City Loan Documents, the County Loan Documents. <br /> (j) Positive Net Worth. On the Commencement Date and each anniversary <br /> thereof, Borrower shall provide interim financial statements (to date) of <br /> Borrower consisting of at least statements of income, cash flow, and a <br /> balance sheet such year to date, setting forth in each case in comparative <br /> form corresponding figures from the previous fiscal year, which <br /> -9- <br />