Common use of Conduct of Business, Maintenance of Existence, Compliance with Laws Clause in Contracts

Conduct of Business, Maintenance of Existence, Compliance with Laws. (a) Engage in business of the same general type as now conducted by it; carry on and conduct its business and operations in a proper, efficient and businesslike manner, in accordance with good business practice and Requirements of Law; preserve, renew and keep in full force and effect its existence; and take all reasonable action to maintain all rights, privileges and franchises necessary in the normal conduct of its business, and (b) comply in all material respects with all Material Agreements, Material Licences and Permitted Encumbrances.

Conduct of Business, Maintenance of Existence, Compliance with Laws. (a) Engage in business of the same general type as now conducted by it; carry Carry on and conduct its business and operations in a proper, efficient and businesslike manner, in accordance with good business practice practice; maintain and Requirements preserve all of Law; preserve, renew and keep in full force and effect its existence; and take all reasonable action to maintain all rights, privileges and franchises Property that is necessary in for the normal conduct of its businessbusiness in good working order and condition, ordinary wear and (b) comply tear excepted, in all material respects accordance with all Material Agreements, Material Licences and Permitted Encumbrances.prudent industry standards;