Audiovox 2012 Annual Report Download - page 259

(c) Maintain with financially sound and reputable insurance companies liability, casualty, property and business
interruption insurance (including, without limitation, insurance with respect to its tangible Collateral) in at least such amounts
and against at least such risks as are usually insured against in the same general area by companies engaged in the same or a
similar business; and furnish to the Administrative Agent, upon the reasonable request of the Administrative Agent, full
information as to the insurance carried. The Administrative Agent shall be named (i) as lenders' loss payee, as its interest may
appear with respect to any property insurance, and (ii) as additional insured, as its interest may appear, with respect to any such
liability insurance, and each provider of any such insurance shall agree, by endorsement upon the policy or policies issued by it
or by independent instruments to be furnished to the Administrative Agent, that it will give the Administrative Agent thirty (30)
days prior written notice before any such policy or policies shall be altered or canceled.
(d) In case of any material loss, damage to or destruction of the Collateral of any Credit Party or any part thereof, such
Credit Party shall promptly give written notice thereof to the Administrative Agent generally describing the nature and extent
of such damage or destruction. In case of any such material loss, damage to or destruction of the Collateral of any Credit Party or
any part thereof, if reasonably required by the Administrative Agent or the Required Lenders, such Credit Party (whether or not
the insurance proceeds, if any, received on account of such damage or destruction shall be sufficient for that purpose), at such
Credit Party's cost and expense, will promptly repair or replace the Collateral of such Credit Party so lost, damaged or destroyed.
(e) Obtain and maintain all material government permits, government licenses and consents necessary for the operation
and maintenance of the business of the Credit Parties.
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Keep proper books, records and accounts in which full, true and correct entries in conformity with GAAP and all Requirements
of Law shall be made of all dealings and transactions in relation to its businesses and activities.
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Give notice in writing to the Administrative Agent after any Responsible Officer of any Credit Party has knowledge thereof
(which shall promptly transmit such notice to each Lender):
(a) promptly, but in any event within two (2) Business Days, the occurrence of any Default or Event of Default;
(b) promptly, any default or event of default under any Contractual Obligation of any Credit Party or any of its
Subsidiaries which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect or involve a
monetary claim in excess of $1,000,000;
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