Asset Preservation. The Joint Obligors shall maintain and conserve, and shall cause each of their subsidiaries to maintain and preserver, all their assets that are used or that are useful for the development of their activities in good and normal conditions, except for the use and ordinary waste; in the understanding that, such obligation shall not prevent that each Joint Obligor or any of their subsidiaries discontinue the operation and maintenance of any of their assets, such discontinue is desirable in the conduction of its business and such discontinue, individually or jointly, shall not result in a Material Adverse Change.
Appears in 3 contracts
Samples: Revolving Credit Line Agreement, Revolving Credit Line Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Revolving Credit Line Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)
Asset Preservation. The Joint Obligors shall maintain and conserve, and shall cause each of their subsidiaries to maintain and preserver, all their assets that are used or that are useful for the development of their activities in good and normal conditions, except for the use and ordinary waste; in the understanding that, such obligation shall not prevent that each Joint Obligor or any of their subsidiaries discontinue the operation and maintenance of any of their assets, such discontinue discontinuation is desirable in the conduction of its business and such discontinuediscontinuation, individually or jointly, shall not result in a Material Adverse Change.
Appears in 1 contract
Samples: Revolving Credit Line Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)
