Coach 2006 Annual Report Download - page 108

8.6 Insurance. The Borrower will, and will cause each of its Subsidiaries to, maintain with financially sound and reputable insurers
insurance with respect to its properties and business 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.
8.7 Taxes. The Borrower will, and will cause each of its Subsidiaries to, 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 Real Estate, 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 property; 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 or such Subsidiary shall have set aside
on its books adequate reserves with respect thereto; and provided further that the Borrower and each Subsidiary of 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.
8.8 Inspection of Properties and Books, etc.
8.8.1 General. The Borrower will keep, and will cause each Subsidiary to keep, proper books of record and account in which
full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities; and will permit, and
will cause each Subsidiary to permit, representatives of the Administrative Agent and any Lender (prior to the occurrence or continuation of
a Default or an Event of Default, at the Administrative Agent's or such Lender's expense, as applicable, unless otherwise agreed to by the
Administrative Agent or such Lender, as applicable, and the Borrower, and following the occurrence or continuation of a Default or an
Event of Default, at the Borrower's expense) to visit and inspect any of their respective properties, to examine and make abstracts from any
of their respective books and records and to discuss their respective affairs, finances and accounts with their respective officers, employees
and independent public accountants, all at such reasonable times, upon reasonable notice and as often as may reasonably be desired.
8.8.2 Communications with Accountants. If a Default or Event of Default shall have occurred or be continuing, the Borrower
authorizes the Administrative Agent and, if accompanied by the Administrative Agent, the Lenders to communicate directly with the
Borrower's independent certified public accountants and authorizes such accountants to disclose to the Administrative Agent and the
Lenders any and all financial statements and other supporting financial documents and schedules including copies of any management
letter with respect to the business, financial condition and other affairs of the Borrower or any of its Subsidiaries.
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