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would constitute such an Event of Default and no such event shall occur as a result of such <br />borrowing. <br />Section 4.06 Guaranties /Security <br />Borrower shall provide the following duly executed guaranty and /or security <br />documents) as required by the City: <br />(1) Corporate Guaranty: The Borrower shall provide the City a corporate guaranty with <br />respect to the Secured Promissory Note which shall guarantee the punctual and full <br />payment of the principal and interest on the Loan as well as all other amounts <br />payable by Borrower pursuant to this Loan Agreement, and the prompt observance <br />and performance by the Borrower of all of the covenants, agreements, and other <br />provisions in this Loan Agreement. <br />(2) A Secured Party Interest on Purchased Equipment: Borrower shall enter into a <br />Secured Party Interest Agreement with the City of Lakewood for purchased life <br />safety infrastructure and equipment to be located at 13301 Athens Avenue, <br />Lakewood, Ohio 44107. <br />ARTICLE V - AFFIRMATIVE COVENANTS <br />Borrower shall comply with the following covenants set forth in this article from the <br />Execution Date until the Loan has been fully repaid to the City, including any interest obligation, <br />unless the City otherwise consents in writing. <br />Section 5.01 Re- Payment of Loan <br />Borrower shall pay by the due dates established in the Secured Promissory Note of even <br />date and attached as Exhibit B the principal and interest on the Note and any other amounts <br />that become due and payable to the City pursuant to this Agreement or pursuant to the Loan <br />Documents. <br />Section 5.02 Payment of Other Indebtedness <br />Borrower shall pay punctually the principal and interest and any other amounts due on <br />any other indebtedness now or hereafter owing by Borrower to the City or any other lender. <br />Section 5.03 Maintain and Insure Property <br />Borrower shall maintain during the term of this Agreement the real and personal <br />property provided as security for the Loan, in such condition, maintenance, and repair that the <br />City's security will be adequately protected and that the business carried on in connection <br />therewith may be properly and advantageously carried out at all times. <br />Page 10 of 19 <br />