Common use of Additional Covenants of Borrowers Clause in Contracts

Additional Covenants of Borrowers. Until all of the Borrower's obligations under this Agreement and the Note (the "Obligations") are satisfied in full, subject to the provisions of Section 5, below, the Borrower agrees that it will do or perform each of the following (except to the extent that any of the following are the responsibility of Lender in its capacity as Manager pursuant to the Management Agreement): (a) furnish or cause to be furnished to the Lender any financial or other information that the Lender may reasonably deem necessary or desirable; (b) duly pay and discharge all taxes, assessments and governmental charges owed by or against the Borrower or any of its subsidiaries or any of their respective properties, prior to the date on which penalty will attach thereto, unless and only to the extent that any such taxes are contested in good faith by appropriate proceedings by the Borrower; (c) take whatever actions are necessary to comply with all statutes and regulations governing the operation of the Borrower's business; (d) promptly cure any defects in the execution and delivery of this Agreement and all other instruments executed in connection with this transaction; (e) execute and deliver or cause to be executed and delivered any other instruments or documents which the Lender may reasonably request; (g) promptly notify the Lender of any Event of Default discovered by the Borrower; and (h) permit the Lender to designate one additional member of the Board of Directors of Borrower.