Borrower Operations. (a) The Borrower shall duly and punctually perform its obligations under this Agreement, the Notes, and each of the other Transaction Documents to which it is a party. The Borrower shall conduct its operations on the basis of customary commercial practice and arm’s-length arrangements, with due diligence and efficiency and under the supervision of qualified and experienced management. The Borrower shall repair, replace, and protect each of its assets so that its business can be conducted properly at all times.
Borrower Operations. Borrower does not own any assets other (i) property, plant and equipment related to its communications operations, (ii) the Equity Interests in the Loan Parties, and (iii) assets incidental to its communications operations and direct ownership of the Loan Parties, and Borrower does not conduct, transact or engage in any business or operations other than those incidental to its direct ownership and operation of such assets, provided, that the foregoing does not apply to (i) the maintenance of its corporate existence, (ii) performance of its obligations hereunder and under the Loan Documents to which it is a party, (iii) Equity Issuances of Borrower and the maintenance and investment of any proceeds thereof, (iv) receiving and distributing dividends, distributions and payments permitted to be made hereunder, and (v) any other activity of Borrower incidental to the activities listed above or that Borrower is permitted to perform hereunder or any other Loan Document.
Borrower Operations. 35 Section 9.03. Maintenance of Rights and Compliance with Laws . . . . . . . . . . . . . . . . . . . . . . . . 35 Section 9.04. Government Approvals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Section 9.05. Insurance .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Section 9.06. Accounting and Financial Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Section 9.07. Financial Statements and Other Information . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Section 9.08. Access to Records; Inspection; Meetings . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Section 9.09. Notice of Default and Other Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Section 9.10. Security Documents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Section 9.11. Funding of the Loan; Funding Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Section 9.12. Project Monitoring . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Section 9.13. Cure of Defaults Under JOA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Section 9.14. Compliance with Environmental Standards . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Section 9.15. Engineer's Reports; Present Value Ratio Calculations . . . . . . . . . . . . . . . . . . . . . 42
