Maintenance and Conduct of Business. Debtor will (i) keep, maintain and preserve all property (tangible and intangible) material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, (ii) do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges, agreements and franchises material to the conduct of its business, and (iii) engage in an efficient and economical manner in a business of the same general type and within Debtor’s powers under Constituent Documents.
Appears in 8 contracts
Samples: Loan and Security Agreement (Dawson Geophysical Co), Loan and Security Agreement (Legacy Housing Corp), Loan and Security Agreement (Legacy Housing Corp)
Maintenance and Conduct of Business. Debtor will (i) keep, maintain and preserve all property Property (tangible and intangible) material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, (ii) do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges, agreements and franchises material to the conduct of its business, and (iii) engage in an efficient and economical manner in a business of the same general type and within Debtor’s powers under Constituent Documents.
Appears in 2 contracts
Samples: Loan and Security Agreement (Avatar Systems Inc), Loan and Security Agreement (Avatar Systems Inc)
Maintenance and Conduct of Business. Debtor will (i) keep, maintain and preserve all property (tangible and intangible) material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, (ii) do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges, agreements and franchises material to the conduct of its business, and (iii) engage in an efficient and economical manner in a business of the same general type and within Debtor’s 's powers under Constituent Documents.
Appears in 1 contract
Samples: Pledge and Security Agreement (United eSystems, Inc.)