Common use of Conduct of Business Relating to the Auctioned Assets Clause in Contracts

Conduct of Business Relating to the Auctioned Assets. (a) Except with the prior written consent of Buyer (such consent not to be unreasonably withheld) or as required to effect the purchase and sale of the Auctioned Assets and related transactions contemplated by this Agreement, during the period from the date of this Agreement to the Closing Date, Seller will operate the Auctioned Assets in the usual, regular and ordinary course and in accordance with good industry practice and applicable legal requirements, and continue to pay accounts payable which relate to the Auctioned Assets in a timely manner, consistent with past practice.

Appears in 5 contracts

Samples: Generating Plant and Gas Turbine Asset Purchase and Sale Agreement (Consolidated Edison Co of New York Inc), Turbine Asset Purchase and Sale Agreement (Consolidated Edison Co of New York Inc), Agreement (Orion Power Holdings Inc)

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Conduct of Business Relating to the Auctioned Assets. (a) Except with the prior written consent of Buyer (such consent not to be unreasonably withheld) or as required to effect the purchase and sale of the Auctioned Assets and related transactions contemplated by this Agreement, during the period from the date of this Agreement to the Closing Date, Seller will operate the Auctioned Assets in the usual, regular and ordinary course and in accordance with good industry practice and applicable legal requirementsGood Utility Practices, and continue to pay accounts payable which relate to the Auctioned Assets in a timely manner, consistent with past practice.

Appears in 2 contracts

Samples: Interconnection Agreement (Potomac Electric Power Co), Interconnection Agreement (Southern Energy Inc)

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