Maintenance of Rights and Compliance with Laws. The Borrower shall, and shall cause IL to (i) whenever in its power to do so, acquire, maintain, and renew all rights, contracts, powers, privileges, leases, lands, sanctions, and franchises necessary for the conduct of its business and the performance of its obligations hereunder and under the other Financing Documents; (ii) conduct its business in compliance with all applicable laws and directives of Governmental Authorities having force of law, including applicable environmental standards and Corrupt Practices Laws; and (iii) duly pay before they become overdue all Taxes, assessments and other government charges levied or imposed in any jurisdiction upon its property, earnings or business that, if not paid, could have a Material Adverse Effect, except amounts being contested in good faith by appropriate proceedings diligently pursued for which adequate reserves shall have been established.
Maintenance of Rights and Compliance with Laws. The Borrower shall: (a) obtain, maintain in full force and effect, and renew or cause to be obtained, maintained and renewed all Consents, leases and other rights in land, and franchises necessary for the conduct of its business and the performance of its obligations hereunder and under the other Transaction Documents as of such time as they are needed for the then-current stage of the Project or Borrower’s operations; (b) conduct its business in compliance with all Environmental Laws, Corrupt Practices Laws, Worker Rights Requirements, Consents and with its Charter Documents and with all other Applicable Laws and Consents; and (c) duly pay before they become overdue all Taxes levied or imposed in any jurisdiction upon its property, earnings, or business that, if not paid, could be a Material Adverse Effect, and all Indebtedness and other liabilities in a timely manner in accordance with normal business practices and with the terms governing the same, except amounts being contested in good faith by appropriate proceedings diligently pursued for which adequate reserves shall have been set aside in accordance with Accounting Standards. The Borrower shall promptly deliver to OPIC a Certified copy of any other Consent obtained after the date of first Disbursement.
Maintenance of Rights and Compliance with Laws. The Borrower shall (i) whenever in its power to do so, acquire, maintain and if necessary renew all rights, contracts, powers, privileges, leases, lands, sanctions and franchises necessary for the conduct of its business and the performance of its obligations hereunder and under the other Financing Documents; (ii) conduct its business in compliance in all material respects with all applicable laws and directives of governmental authorities having force of law, including applicable environmental, health and safety standards; and (iii) duly pay before they become overdue all Taxes, assessments and other government charges levied or imposed in any jurisdiction upon its property, earnings or business, except amounts being contested in good faith by appropriate 40 proceedings diligently pursued for which adequate reserves in accordance with GAAP shall have been established.
Maintenance of Rights and Compliance with Laws. The Company shall: (i) whenever advisable for the Company to do so, in accordance with customary practice for companies in businesses similar to that of the Company, acquire, maintain and renew all rights, contracts, powers, privileges, leases, lands, sanctions and franchises necessary for the conduct of its business and the performance of its obligations hereunder and under the other Financing Documents; (ii) conduct its business in compliance in all material respects with all applicable laws and directives of governmental authorities having force of law, including applicable environmental standards; and (iii) duly pay before they become overdue all Taxes, assessments and other government charges levied or imposed in any jurisdiction upon its property, earnings or business, that if not paid could have a Material Adverse Effect, except amounts being contested in good faith by appropriate proceedings diligently pursued for which adequate reserves shall have been established.
Maintenance of Rights and Compliance with Laws. (a) Each of the Financing Credit Parties shall: (i) maintain its status as a duly formed and/or organized limited partnership, limited liability company, corporation, or other legal entity, as applicable, under the laws of a jurisdiction permitted in accordance with this Agreement or otherwise approved by OPIC and its right to carry on its operations; (ii) whenever in its power to do so, acquire, maintain, exercise and renew all rights, contracts, powers, privileges, leases, and franchises necessary for the conduct of its business and the performance of its obligations hereunder and under the other Financing Documents; (iii) conduct its business, and use reasonable efforts to cause each Portfolio Company it does not control to conduct its business, in compliance in all material respects with all applicable laws, regulations and directives of Governmental Authorities having force of law, including applicable environmental standards; and (iv) duly pay or provide for payment before they become overdue all Taxes, assessments and other government charges levied or imposed in any jurisdiction upon its property, earnings or business, or the property, earnings or business of any Portfolio Holding Company or Portfolio Company, that if not paid would reasonably be expected to have a Fundamental Material Adverse Effect, except amounts being contested in good faith by appropriate proceedings diligently pursued and for which adequate reserves have been established.
(b) Each Financing Credit Party shall cause all transactions, negotiations and agreements between a Financing Credit Party, the Managing Member or the Fund Manager (if any), on the one hand, and any foreign or domestic Person, on the other hand, to be made in compliance with applicable Corrupt Practices Laws. Each Financing Credit Party shall use reasonable efforts to cause all transactions, negotiations and agreements between each Portfolio Company it does not control, on the one hand, and any foreign or domestic Person, on the other hand, to be made in compliance with applicable Corrupt Practices Laws.
Maintenance of Rights and Compliance with Laws. The Company shall (i) maintain its corporate existence and its right to carry on its operations;
Maintenance of Rights and Compliance with Laws. Each of the Borrowers shall, and shall cause the Subsidiaries to, (a) whenever in its power to do so, obtain, maintain in full force and effect, and renew all Consents, leases and other rights in land, and franchises necessary for the conduct of its business and the performance of its obligations hereunder and under the other Financing Documents; (b) conduct its business in compliance with all applicable laws and directives of governmental authorities having force of law, including Corrupt Practices Laws; and (c) duly pay before they become overdue all Taxes levied or imposed in any jurisdiction upon its property, earnings, or business that, if not paid, could have a Material Adverse Effect, and all Indebtedness and other liabilities in a timely manner in accordance with normal business practices and with the terms governing the same, except amounts being contested in good faith by appropriate proceedings diligently pursued for which adequate reserves shall have been set aside in accordance with GAAP.
Maintenance of Rights and Compliance with Laws. The Company shall (i) whenever in its power to do so, acquire, maintain and renew all rights, contracts, powers, privileges, leases, lands, sanctions and franchises necessary for the conduct of its business and the performance of its Obligations hereunder and under the other Financing Documents; (ii) conduct its business in compliance in all material respects with all applicable laws and directives of governmental authorities having force of law, including applicable environmental standards; and (iii) duly pay before they become overdue all Taxes, assessments and other government charges levied or imposed in any jurisdiction upon its property, earnings or business, that if not paid is reasonably likely to have a Material Adverse Effect, except amounts being contested in good faith by appropriate proceedings diligently pursued for which adequate reserves shall have been established.
Maintenance of Rights and Compliance with Laws. The Company shall (i) whenever in its power to do so, acquire, maintain, and renew all rights, contracts, powers, privileges, leases, lands, sanctions, and franchises necessary for the conduct of its business and the performance of its obligations hereunder and under the other Financing Documents; (ii) conduct its business in compliance with all applicable Corrupt Practices Laws and in compliance in all material respects with all other applicable laws and directives of governmental authorities having force of law, including applicable environmental standards; and (iii) duly pay before they become overdue all Taxes, assessments and other government charges levied or imposed in any jurisdiction upon its property, earnings or business that, if not paid, could have a Material Adverse Effect, except amounts being contested in good faith by appropriate proceedings diligently pursued for which adequate reserves shall have been established.
Maintenance of Rights and Compliance with Laws. Each Borrower shall (a) obtain, maintain in full force and effect, and renew all Consents and franchises necessary for the conduct of its business and the performance of its obligations hereunder and under the other Transaction Documents; (b) conduct its business in compliance with all Applicable Laws, Consents and its Charter Documents; and (c) duly pay before they become overdue all Taxes levied or imposed in any jurisdiction upon its property, earnings, or business that, if not paid, could be a Material Adverse Effect, and all Indebtedness and other liabilities in a timely manner in accordance with normal business practices and with the terms governing the same, except amounts being contested in good faith by appropriate proceedings diligently pursued for which adequate reserves shall have been set aside in accordance with GAAP. To the extent that any Consent was not obtained by the Borrowers prior to the first Disbursement, in accordance with Schedule 4.04, the Borrowers shall promptly deliver to OPIC a Certified copy of any Consent obtained after the first Disbursement.
