This excerpt taken from the PCL 8-K filed Oct 7, 2008.
So long as the Secured Obligations remain outstanding, the Pledgor covenants and agrees with the Secured Party as follows:
SECTION 4.1 Restrictions on Sale, Transfer and Encumbrance of Pledged Interest. The Pledgor shall not sell, transfer, convey, encumber or otherwise dispose of, grant any option with respect to, or pledge any interest in, the Pledged Interest.
SECTION 4.2 Defense of Pledged Interest. The Pledgor will maintain the Pledged Interest free and clear of any security interest except the security interests granted hereunder and will defend the Secured Partys right, title and security interest in and to the Pledged Interest against the claims of any Person.
SECTION 4.3 Compliance with Partnership Agreement. The Pledgor will comply with the Partnership Agreement.
SECTION 4.4 Taxes. The Pledgor will pay and discharge all Taxes imposed on it or on its income or profits or on any of its property prior to the date on which interest or penalties attach thereto and all claims, levies or liabilities (including, without limitation, claims for labor, services, materials and supplies) for sums which have become due and payable or, if unpaid, might become a Lien upon any of the Pledged Interest.
SECTION 4.5 Change of Name; Address. The Pledgor shall give the Secured Party 30 days prior written notice of any change of its name, its jurisdiction or form of organization or its Unified Business Identifier number. If requested by the Secured Party, the Pledgor shall file additional UCC financing statements to reflect any such change.
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