Maintenance and Operation of the Facilities Sample Clauses

Maintenance and Operation of the Facilities. The Company agrees that during the Loan Term it will keep the Facilities including all appurtenances thereto in good repair and good operating condition at its own cost. The Company has represented in Section 2.3(j) its intention with respect to the operation of the Facilities; provided, however, the Company shall not be under any obligation to operate the Facilities if, in the judgment of the Company, such operation is not in the best interest of the Company. The Company shall have the privilege of remodeling the Facilities or making additions, modifications, substitutions and improvements to the Facilities from time to time as it, in its sole discretion, may deem to be desirable for its uses and purposes, provided that such remodeling, additions, modifications, substitutions and improvements, when constructed do not materially adversely affect the character of the Facilities as an industrial facility, or cause the Facilities to cease to be a "project" within the meaning of the Act, or cause the Facilities to constitute a prohibited facility with the meaning of Section 103(b) of the Code. The cost of such remodeling, additions, modifications, substitutions and improvements shall be paid by the Company or, to the extent permitted by this Agreement and the Indenture, from the Construction Fund. The Company may remove and dispose of any items included as Facilities which the Company determines have become inadequate, obsolete, worn out, unsuitable, undesirable or unnecessary, provided that any such removal will not materially impair the character of the Facilities as an industrial facility, or cause the Facilities to cease to be a "project" within the meaning of the Act, or cause the Facilities to constitute a prohibited facility within the meaning of Section 103(b) of the Code. In the event any such removal causes damage to the remaining Facilities, the Company shall restore the same or repair such damage. The Company may from time to time, in its sole discretion, and at its own expense, install additional property in conjunction with the Facilities. Such property may be modified or removed at any time, provided that such modification or removal will not materially adversely affect the character of the Facilities as an industrial facility, or cause the Facilities to cease to be a "project" within the meaning of the Act, or cause the Facilities to constitute a prohibited facility with the meaning of Section 103(b) of the Code.
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Maintenance and Operation of the Facilities. The Corporation shall operate and maintain the Facilities in accordance with all governmental laws, ordinances, approvals, rules, regulations and requirements including, without limitation, such zoning, sanitary, pollution and safety ordinances and laws and such rules and regulations thereunder as may be binding upon the Corporation. The Corporation shall maintain and operate the Facilities and all engines, boilers, pumps, machinery, apparatus, fixtures, fittings and equipment of any kind in or that shall be placed in any building or structure now or hereafter at any time constituting part of the Facilities in good repair, working order and condition, and the Corporation shall from time to time make or cause to be made all needful and proper replacements, repairs, renewals and improvements; in each case to the extent necessary so that the efficiency and value of the Facilities shall not be impaired.
Sample 1
Maintenance and Operation of the Facilities. The Company agrees that it will commence operation of the Facilities as portions thereof become available for utilization, and during the Loan Term it will keep the Facilities including all appurtenances thereto in good repair and good operating condition at its own cost. The Company shall have the privilege of remodeling the Facilities or making additions, modifications, substitutions and improvements to the Facilities from time to time as it, in its sole discretion, may deem to be desirable for its uses and purposes, provided that such remodeling, additions, modifications, substitutions and improvements, when constructed do not materially impair the character of the Facilities as an industrial facility. The cost of such remodeling, additions, modifications, substitutions and improvements shall be paid by the Company or, to the extent permitted by this Agreement and the Indenture, from the Construction Fund or from the proceeds of Additional Bonds. 31 The Company may remove and dispose of any items included as Facilities which the Company determines have become inadequate, obsolete, worn out, unsuitable, undesirable or unnecessary, provided that any such removal will not materially impair the character of the Facilities as an industrial facility. In the event any such removal causes damage to the remaining Facilities, the Company shall restore the same or repair such damage. The Company may from time to time, in its sole discretion, and at its own expense, install additional property in conjunction with the Facilities. Such property may be modified or removed at any time provided that such modification or removal will not materially adversely affect the character of the Facilities as an industrial facility.
Sample 1
Maintenance and Operation of the Facilities. ‌ (a) The Corporation covenants and agrees that it will operate and maintain the Facilities in accordance with all governmental laws, ordinances, approvals, rules, regulations and requirements including, without limitation, such zoning, sanitary, pollution and safety ordinances and laws and such rules and regulations thereunder as may be binding upon the Corporation. The Corporation further covenants and agrees that it will maintain and operate the Facilities as an institution for higher education and will maintain and operate the same, and all engines, boilers, pumps, machinery, apparatus, fixtures, fittings and equipment of any kind in or that shall be placed in any building or structure now or hereafter at any time constituting part of the Facilities, in good repair, working order and condition, and that it will from time to time make or cause to be made all needful and proper replacements, repairs, renewals and improvements so that the efficiency and value of the Facilities shall not be impaired. (b) Except as otherwise provided in this Loan Agreement, the Issuer reserves no power or authority with respect to the operation of the Project or the Facilities and all activities incident or related thereto, it being the specific intention of the parties hereto that, so long as no Event of Default has occurred and is continuing hereunder, the Corporation shall manage, administer and govern the Project or the Facilities and all other properties, assets and operations of the Corporation in all its activities and affairs on a continuing day-to-day basis.
Sample 1

Related to Maintenance and Operation of the Facilities

  • Maintenance and Operation Member-Generator agrees to maintain their system and facilities in accordance with applicable manufacturer's recommended maintenance schedule and standard prudent engineering practices. Member-Generator covenants and agrees to operate their system, facilities and equipment so as to minimize the likelihood for a malfunction or other disturbance, damaging or otherwise affecting or impairing Cooperative’s electrical system. Member-Generator shall comply with all applicable laws, regulations, zoning, building codes, safety rules and other environmental regulations or restrictions applicable to the design, installation, operation and maintenance of the Member-Generator's System.

  • Use and Operation 3.1 Permitted Use ......................................................................................................

  • Application and Operation Subject Matter No. Clause PART 1 - APPLICATION AND OPERATION Title 1.1 Arrangement 1.2 Objectives 1.3 Commencement date 1.4 Coverage 1.5 Exemptions from coverage 1.6 Relationship with other Industrial instruments 1.7 Definitions 1.8 Commitment of parties 1.9 Transitional arrangements 1.10 PART 2 - TRAINING CONDITIONS Training conditions 2.1 PART 3 - EMPLOYMENT CONDITIONS General 3.1 Part-time apprentices or trainees 3.2 School-based apprentices or trainees 3.3 Alternative employment arrangements 3.4 PART 4 - WAGES AND RELATED MATTERS General 4.1 Entry wage level 4.2 Wage progressions 4.3 Completion of apprenticeship or traineeship 4.4 Part-time apprentices or trainees 4.5 School-based apprentices or trainees 4.6 Areas of employment not covered by an Industrial instrument 4.7 Existing employees 4.8 Adult apprentices and trainees 4.9 Pre-employment, pre-trade, pre-apprenticeship, pre-vocational and other full-time institutional training 4.10 Apprentices and trainees with a disability 4.11 Payment for supervised training 4.12 Supply of tools 4.13 PART 5 -DISPUTE RESOLUTION AND INDUSTRIAL RELATIONS MATTERS Grievance and dispute settlement procedures 5.1 Industrial relations 5.2 SCHEDULES Generic Wage Progression Arrangements for Apprentices and Trainees Schedule Community Services and Health Industries Schedule

  • Management and Operation of Business Section 7.1 Management 47 Section 7.2 Certificate of Limited Partnership 48 Section 7.3 Restrictions on Managing General Partner’s Authority 49 Section 7.4 Reimbursement of the Managing General Partner 49 Section 7.5 Outside Activities 50 Section 7.6 Loans from the Managing General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the Managing General Partner 51 Section 7.7 Indemnification 53 Section 7.8 Liability of Indemnitees 54 Section 7.9 Resolution of Conflicts of Interest 55 Section 7.10 Other Matters Concerning the Managing General Partner 57 Section 7.11 Purchase or Sale of Partnership Securities 57 Section 7.12 Registration Rights of the Managing General Partner and its Affiliates 57 Section 7.13 Reliance by Third Parties 59

  • Management and Operations of Business Except as otherwise expressly provided in this Agreement, all powers to control and manage the business and affairs of the Partnership shall be vested exclusively in the General Partner; the Limited Partner shall not have any power to control or manage the Partnership.

  • Management and Operation 6.01 Management of Partnership Affairs 16 6.02 Duties and Obligations of General Partner 17 6.03 Release and Indemnification 17 6.04 Power of Attorney 18

  • Management and Operations Promotes the learning and growth of all students and the success of all staff by ensuring a safe, efficient, and effective learning environment, using resources to implement appropriate curriculum, staffing, and scheduling

  • Application and Operation of Agreement Table Of Contents

  • Business and Operations Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.

  • Preservation, Maintenance, and Protection of the Property Inspections. Borrower will not destroy, damage, or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower must maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless Lender determines pursuant to Section 5 that repair or restoration is not economically feasible, Borrower will promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid to Lender in connection with damage to, or the taking of, the Property, Borrower will be responsible for repairing or restoring the Property only if Xxxxxx has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed, depending on the size of the repair or restoration, the terms of the repair agreement, and whether Borrower is in Default on the Loan. Lender may make such disbursements directly to Borrower, to the person repairing or restoring the Property, or payable jointly to both. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower remains obligated to complete such repair or restoration. Lender may make reasonable entries upon and inspections of the Property. If Lender has reasonable cause, Xxxxxx may inspect the interior of the improvements on the Property. Lender will give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause.

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