General Operating Covenants Sample Clauses

General Operating Covenants. During the Term, Tenant shall continuously use and occupy the Hotel as a hotel which meets or exceeds the Operational Standards. Tenant shall operate the Hotel under the name “Cherry Tree Inn,” or such other name as Landlord may approve from time to time, and shall maintain the Hotel in compliance with all applicable Laws, the Operational Standards and all Mortgages. Tenant shall proceed with diligence and exercise reasonable good faith efforts to obtain and maintain all approvals necessary to operate and use the Hotel for its intended purpose under all applicable Laws. Tenant shall use reasonable good faith efforts to promote the maximum possible amount of trade, commerce and business for the Hotel. Tenant shall not hold itself out as the agent of Landlord. Upon written request from Tenant, which request shall not be delivered more frequently than quarterly, Landlord shall perform an inspection of the Leased Property, and, promptly following such inspection, confirm that Tenant is in compliance with this Section 4.1, or, if Tenant is not in compliance with this Section 4.1, specify any violations of this Section 4.1.
Sample 1
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General Operating Covenants. As further consideration to Licensor to enter into this License, Licensee covenants and agrees as follows: (i) Licensee shall not conduct or permit to be conducted on the Child Care Improvements any sale by auction, or any fire, distress or bankruptcy sale; (ii) Licensee shall not place or install on the Child Care Improvements or permit the use on the Child Care Improvements of any video games, pinball machines, vending machines, newspaper racks, cigarette vending machines or other coin-operated devices; (iii) Licensee shall not store any items outside the boundaries of the Premises, nor shall Licensee place or permit portable signs or any other objects or devices to be stored or to remain outside such boundaries; (iv) the visual appearance of the interior of the Premises from the surrounding exterior area shall be clean, visually attractive and open, and in keeping with operation of a first-class child care establishment; and (v) Licensee shall conduct its business to minimize noise in and about the Child Care Improvements. In addition, Licensee shall not operate or license (or permit to be operated or licensed) any portion of the Child Care Improvements for adult entertainment or the sale of alcoholic beverages, firearms, adult books or adult videos. Licensee shall not do or permit to be done in, on or about the Child Care Improvements, nor bring or keep or permit to be brought or kept therein, anything which is prohibited by or will in any way conflict with any law, ordinance, rule, regulation or order now in force or which may hereafter be enacted, or which is prohibited by any insurance policy carried by Licensor for the Building or the Development, or which will in any way increase the existing rate of, or cause a cancellation of, or affect any insurance for the Building or the Development. Licensee shall comply with all applicable federal, state and local reporting and disclosure requirements applicable to its operations on the Child Care Improvements. Licensee shall not do or permit anything to be done in or about the Child Care Improvements which will in any way obstruct or interfere with the rights of Licensor or other authorized occupants of the Development, or injure or annoy them. Licensee shall not cause, maintain or permit any nuisance in, on or about the Child Care Improvements or commit or suffer to be committed any waste in, on or about the Child Care Improvements.
Sample 1
General Operating Covenants. From the date hereof until the earlier of the Closing and the termination of this Agreement, except as (i) Buyer otherwise consents in writing (which consent may be provided by email and may not be unreasonably withheld, delayed or conditioned; provided that if Buyer does not respond within 72 hours of Seller’s first written request (email being sufficient) for consent in respect of any specific matter, Seller may provide a second written request (email being sufficient) for consent, and thereafter such consent of Buyer shall be deemed to have been provided with respect to such matter unless Buyer responds within 24 hours after Seller’s second written request for consent) or Buyer requests in writing (email being sufficient) (including in connection with the Financing), (ii) (A) required or contemplated by this Agreement or applicable Law or (B) to effectuate the Pre-Closing Reorganization or (iii) set forth on Schedule 6.1(a), Seller shall, and shall cause the Company to, use reasonable best efforts to operate the Company Group’s business in the ordinary course of business consistent (to the extent applicable) in all material respects with past practice, including in respect of managing working capital of the Company Group, making capital expenditures, maintaining the material business relationships of the Company Group and keeping available the services of key employees of the Company Group; provided that, nothing contained in this Agreement shall: (i) give Buyer the right to control or direct in any manner the operations of the Company Group; (ii) prohibit or restrict the Company Group’s ability to borrow funds or make prepayments under any current credit facility; (iii) restrict the ability of the Company Group to pay (or make provision for payment in respect of) any expenses or other liabilities, in each case, in the ordinary course of business consistent (to the extent applicable) in all material respects with past practice and prior to the Adjustment Time; or (iv) prohibit or restrict the Company Group’s ability to take or omit to take any reasonable action in response to COVID-19.
Sample 1

Related to General Operating Covenants

  • Operating Covenants The Issuer covenants with the Indenture Trustee as follows, provided that any of the following covenants with respect to the Portfolio Railcars shall not be deemed to have been breached by virtue of any act or omission of a Lessee or sub-lessee, or of any Person which has possession of a Portfolio Railcar for the purpose of repairs, maintenance, modification or storage, or by virtue of any requisition, seizure, or confiscation of a Portfolio Railcar (other than seizure or confiscation arising from a breach by the Issuer of such covenant) (each, a “Third Party Event”), so long as (i) none of the Issuer, the Servicer or the Administrator has consented to such Third Party Event; and (ii) the Issuer (or the Servicer on its behalf) as the Lessor of such Portfolio Railcar promptly and diligently takes such commercially reasonable actions as a leading railcar operating lessor would reasonably take in respect of such Third Party Event, including, as deemed appropriate (taking into account, among other things, the laws of the jurisdiction in which such Portfolio Railcar is located or operated), seeking to compel such Lessee or other relevant Person to remedy such Third Party Event or seeking to repossess the relevant Portfolio Railcar:

  • Interim Operating Covenants Seller covenants to Purchaser that Seller will:

  • General Covenants The Corporation covenants with the Warrant Agent that so long as any Warrants remain outstanding:

  • Joint Covenants Buyer and Seller hereby covenant and agree that between the date hereof and Closing:

  • Interim Covenants During the period from the date of this Agreement and continuing until the Closing, the Seller and the Stockholders each agree (except as expressly contemplated by this Agreement or to the extent that Buyer shall otherwise consents in writing) that:

  • TENANT COVENANTS The Tenant covenants during the Term and for such further time as the Tenant occupies any part of the Premises:

  • COMPLIANCE WITH COVENANTS, RESTRICTIONS AND BUILDING CODE Lessor warrants that any improvements (other than those constructed by Lessee or at Lessee's direction) on or in the Premises which have been constructed or installed by Lessor or with Lessor's consent or at Lessor's direction shall comply with all applicable covenants or restrictions of record and applicable building codes, regulations and ordinances in effect on the Commencement Date. Lessor further warrants to Lessee that Lessor has no knowledge of any claim having been made by any governmental agency that a violation or violations of applicable building codes, regulations, or ordinances exist with regard to the Premises as of the Commencement Date. Said warranties shall not apply to any Alterations or Utility Installations (defined in Paragraph 7.3(a)) made or to be made by Lessee. If the Premises do not comply with said warranties, Lessor shall, except as otherwise provided in this Lease, promptly after receipt of written notice from Lessee given within six (6) months following the Commencement Date and setting forth with specificity the nature and extent of such non-compliance, take such action, at Lessor's expense, as may be reasonable or appropriate to rectify the non-compliance. Lessor makes no warranty that the Permitted Use in Paragraph 1.8 is permitted for the Premises under Applicable Laws (as defined in Paragraph 2.4).

  • Ship Covenants The undertakings in this Clause 21 remain in force throughout the Security Period.

  • REPORTING COVENANTS The Borrower agrees with the Lenders, the Issuers and the Administrative Agent to each of the following, as long as any Obligation or any Revolving Credit Commitment remains outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing:

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