Maintenance of Interests Sample Clauses

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.
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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. 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. 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. To Seller's knowledge, the Subject Properties have been maintained and operated by the operator of the Subject Properties in a reasonable and prudent manner, and Seller will use its best efforts to cause such operator from the date of this Agreement until the Closing to maintain and operate the Subject Properties 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, Permits, Deeds, Easements and Contracts and all related agreements.
Maintenance of Interests. PEM 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. Seller has maintained and operated the Units in a reasonable and prudent manner, maintained insurance and bonds now in force with respect to the Units, however, Seller has not paid when due those costs and expenses coming due and payable in connection with the Units, listed on Schedule 5(v).
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Maintenance of Interests. Each Issuer will make, execute or endorse, acknowledge and file or deliver to the Indenture Trustee from time to time such schedules, confirmatory assignments, conveyances, reports and other reassurances or instruments and take such further steps relating to the Leases, Railcars and other Railcar Assets and the rights covered by this Indenture as are necessary to maintain the Indenture Trustee's interests in the Collateral, and as the Indenture Trustee or the Class A Note Insurer may reasonably request.
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. Prior to the Closing, HHOC shall cause those Assets not operated by Buyer to be maintained and operated in a prudent and workmanlike manner, in good condition and working order, shall maintain insurance now in force with respect to the Assets, shall timely pay or cause to be paid all costs and expenses incurred in connection therewith, shall keep the Leases and Material Agreements in full force and effect and shall perform and shall comply with the covenants and conditions contained therein; provided, however, that, except as authorized pursuant to subsection (b) below, HHOC shall not commence or participate in the commencement of operations for the drilling of any new well or the redrilling or completion of an existing well included within the Assets after the date of this Agreement and prior to the Closing without the prior written consent of Buyer.
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