Common use of Maintenance and Continuity of Business Clause in Contracts

Maintenance and Continuity of Business. The Borrower shall maintain its corporate existence in compliance with all applicable laws. The Borrower shall conduct its business with due diligence and efficiency, in accordance with sound engineering, financial and business practices and in compliance with all applicable laws, including all money laundering laws. The Borrower shall use procurement methods which ensure a sound selection of goods and services at fair market value and that the Borrower is making its capital investments in a cost effective manner.

Appears in 1 contract

Samples: Loan Agreement (Caspian Services Inc)

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Maintenance and Continuity of Business. The Borrower shall maintain its corporate existence in compliance with all applicable laws. The Borrower shall conduct its business with due diligence and efficiency, in accordance with sound engineering, financial and business practices and in compliance with all applicable laws, including all money laundering laundering, environmental, health and safety laws. The Borrower shall use procurement methods and internal control procedures which ensure a sound selection of goods and services at fair market value and that the Borrower is making its capital investments in a cost effective manner.

Appears in 1 contract

Samples: Loan Agreement (Velti PLC)

Maintenance and Continuity of Business. The Borrower shall maintain its corporate existence in compliance with all applicable laws. The Borrower shall conduct its business with due diligence and efficiency, in accordance with sound engineering, financial and business practices and in compliance with all applicable laws, including all money laundering laws. The Borrower shall use procurement methods which ensure a sound selection of goods and services at fair market value and that the Borrower is making its capital investments in a cost effective manner.. EXECUTION COPY

Appears in 1 contract

Samples: Loan Agreement (Caspian Services Inc)

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Maintenance and Continuity of Business. The Borrower shall maintain its corporate existence in compliance with all applicable laws. The Borrower shall conduct its business with due diligence and efficiency, carry out the Project in accordance with sound engineering, financial internationally accepted practices in the oil and business practices gas industry and in compliance with all applicable laws, including all money laundering laws. The Borrower shall use procurement methods which ensure a sound selection of goods and services at fair market value and that the Borrower is making its capital investments in a cost effective manner.

Appears in 1 contract

Samples: Agreement (Harvest Natural Resources Inc)

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