Maintenance and Operation of the Project. As long as any portion of the Loan is still outstanding, Borrower shall maintain and operate the Project and use the Loan Proceeds in compliance with the terms of MIF, this Loan Agreement, and all applicable federal, state and local laws, regulations and ordinances, including but not limited to all environmental laws and regulations.
Maintenance and Operation of the Project. (a) Subject to applicable requirements and restrictions imposed, and to the extent permitted, by law, operate or cause to operate the Project in the manner described in the Official Statement.
Maintenance and Operation of the Project. The Borrower shall, at its expense, keep the Project in good repair and operating condition and free and clear of all encumbrances except Permitted Encumbrances, as defined in the Reimbursement Agreement, making from time to time all necessary repairs, renewals and replacements. The Borrower may, at its expense, make any additions, modifications or improvements to the Project that it may deem desirable for the efficient operation of the facility as a manufacturing facility and that do not substantially impair the revenue producing capability of the facility, provided that all such additions, modifications or improvements are located wholly on the Land and comply with all Federal, state and local codes as applied to the Project. All such renewals, replacements, additions, modifications and improvements shall become part of the Project. The Borrower shall (a) use, maintain and operate the Project for manufacturing purposes; (b) comply with all laws, rules and regulations of any governmental body applicable to the condition and operation of the Project, whether existing or later enacted or foreseen or unforeseen and whether involving any change in governmental policy or requiring structural or other changes to the buildings at the facility; (c) neither commit nor suffer others to commit a nuisance in or about the facility site at which the Project is located; and (d) provide at its own cost and expense, to the extent not included at the facility site at which the Project is located, the other personal property required for the proper use, maintenance and operation of the Project in an economical and efficient manner.
Maintenance and Operation of the Project. (a) The Borrower will at all times preserve and protect the Project in good repair, working order and safe condition, and from time to time will make, or will cause to be made, all necessary repairs, renewals, replacements, betterments and improvements thereto including those required after a casualty loss. The Borrower shall pay all operating costs, utility charges and other costs and expenses arising out of ownership, possession, use or operation of the Project. The Authority shall have no obligation and makes no warranties respecting the condition or operation of the Project.
Maintenance and Operation of the Project. 9 Section 5.2 Inspection of Project and Borrower's Books and Records 9
Maintenance and Operation of the Project. Prior to the conveyance of the Project to the County pursuant to Section 2.09, the Authority will operate, maintain, preserve and keep the Project or cause the Project to be maintained, in accordance with the Grand Parkway Agreements.
