Maintenance of Interests. The Seller shall use their reasonable best efforts from the date of execution of this Agreement until the Closing to maintain and operate the Business and Assets (or cause the Business and Assets to be maintained and operated) in the ordinary course of business consistent with past practice, in a reasonable and prudent manner, in full compliance with Applicable Law, to maintain insurance now in force with respect to the Assets, and, subject to applicable bankruptcy law, to pay when due all costs and expenses coming due and payable in connection with the normal maintenance and operation of the Assets. Without limiting the generality of the foregoing and without the prior written consent of the Buyer, neither Seller shall, except for any of the following, as set forth on Schedule 6.5, being sought pursuant to motions pending with or approved by the Bankruptcy Court as of the date hereof: (a) introduce any materially new or different method of maintenance, operation or accounting with respect to the Business and the Assets, (b) incur any liabilities other than in the ordinary course of business, (c) enter into, amend or terminate any employment, bonus, severance or retirement contract or arrangement, nor increase any salary or other form of compensation payable or to become payable to any executives or employees of the Business (except for the payment of a sale bonus as may be approved pursuant to the motion filed with the Bankruptcy Court), or (d) sell, lease or otherwise dispose of or agree to sell, lease or otherwise dispose of, any of its assets, properties, rights or claims, except for sales of inventory in the ordinary course of business consistent with past practice.
Maintenance of Interests. Seller has maintained and will continue from date of this Agreement until the Closing, to maintain and operate the Subject Property in a reasonable and prudent manner, in full compliance with applicable law and orders of any governmental authority, to maintain insurance and bonds now in force with respect to the Subject Property, to pay when due all costs and expenses coming due and payable in connection with the Subject Property, and to perform all of the covenants and conditions contained in the Leases and all related agreements.
Maintenance of Interests. Seller has maintained and will continue from date of this Agreement until the Closing, to maintain and operate the Brazos Interests, the Galveston Interests, and the High Island Interests in a reasonable and prudent manner, in full compliance with applicable law and orders of any governmental authority, to maintain insurance and bonds now in force with respect to the Brazos Interests, the Galveston Interests, and the High Island Interests to pay when due all costs and expenses coming due and payable in connection with the Brazos Interests, the Galveston Interests, and the High Island Interests, and to perform all of the covenants and conditions contained in the Brazos Interests, the Galveston Interests, and the High Island Interests, and the respective Related Agreements associated therewith.
Maintenance of Interests. PM has maintained, and will continue from date of this Agreement until the Closing maintain, the Assets in a reasonable and prudent manner, in full compliance with applicable law and orders of any governmental authority, and will maintain insurance and bonds now in force with respect to the Assets, to pay when due all costs and expenses coming due and payable in connection with the Asset, and to perform all of the covenants and conditions contained in the Leases, Contracts and all related agreements. The parties understand and acknowledge that the Wells are currently shut for lack of a gas sales contract, and such fact shall not be construed to be a breach of this paragraph or this Agreement.
Maintenance of Interests. NRG has maintained, and will continue from date of this Agreement until the Closing maintain, the Assets in a reasonable and prudent manner, in full compliance with applicable law and orders of any governmental authority, and will maintain insurance and bonds now in force with respect to the Assets, to pay when due all costs and expenses coming due and payable in connection with the Asset, and to perform all of the covenants and conditions contained in the Leases, Contracts and all related agreements.
Maintenance of Interests. It is the intent of the Parties hereto that their respective Interests in the Joint Venture Corporation be maintained at all times, Provided however QES shall be entitled to assign its interest in this Agreement to a third Party.
Maintenance of Interests. Prior to the Effective date, Seller has maintained and operated the Subject Leases in a reasonable and prudent manner, in full compliance with applicable law and orders of any governmental authority, and maintained insurance and bonds now in force with respect to the Subject Leases, paid when due all costs and expenses coming due and payable in connection with the Subject Leases, and has performed all of the covenants and conditions contained in the Subject Leases.
Maintenance of Interests. Cause the Agent to have a first priority perfected security or ownership interest in each of the Receivables Assets, free and clear of any Adverse Claim, whether existing at the time such Receivables Asset arose or at any time thereafter; and cause the Seller to acquire and maintain legal and equitable title to, and ownership of all of the Receivables Assets, free and clear of any Adverse Claim; and cause the Seller to have a first priority perfected security interest in the Pledged Collateral, free and Clear of any Adverse Claim;
Maintenance of Interests. Without the prior written consent of IRC, Bonhomme will not: (i) enter into any new agreements or commitments with respect to the Subject Property; (ii) incur any liabilities other than in the ordinary course of normal operation expenses on the Subject Property; (iii) modify or terminate any of the Leases or related agreements or waive any right thereunder; and (iv) encumber, sell or otherwise dispose of any of the Subject Property other than personal property which is replaced with equivalent property or consumed in the ordinary course of operation of the Subject Property and other than ores, concentrates or minerals sold in the ordinary course of business.
Maintenance of Interests. It is the intent of the Parties hereto that their respective Interests in the Joint Venture be maintained at all times. No change shall be effected without the consent of both Parties.
