Observance of Statutes. Borrower has not violated and will not in the future violate any statute, regulation, or rule of any governmental body, where such violation might materially adversely affect its business operations or financial condition. The Borrower will exercise its best efforts to comply with all federal, state, and local statutes, regulations and rules in all jurisdictions where they do business.
Observance of Statutes. Subject to Section 602 hereof, Tenant shall have the right to use the Airport or its facilities located on the Airport property in common with others authorized to do so; provided, however, that Tenant shall observe and comply with any and all requirements of the constituted public authorities and with all federal, state or local statutes, ordinances, regulations and standards applicable to Tenant for its use of the Airport, including but not limited to, rules and regulations promulgated from time to time by the Airport Director for the general administration of the Airport.
Observance of Statutes. The granting of this Agreement and its acceptance by OPERATOR is conditioned upon OPERATOR observing and complying, and OPERATOR covenants and agrees to observe and comply, with (i) all federal, state or local statutes, ordinances, regulations, and health and safety standards applicable to OPERATOR and the Public Facilities Concession Regulation Act, Act No. 315 of 1978, (ii) with all rules and regulations, promulgated from time to time by OWNER for the administration of the Airport, and/or any governmental agency or body having jurisdiction over the Airport, specifically including, without limitation, OWNER’s Master Security Plan and/or Transportation Security Administration's security regulations, and (iii) all applicable Minimum Standards established by OWNER from time to time.
Observance of Statutes. The granting of this Lease and its acceptance by LESSEE is conditioned upon LESSEE observing and complying, with respect to the Leased Premises, with
Observance of Statutes. Regulations and Orders. Except as disclosed on Schedule 6.4, there are no actions, suits or proceedings pending or, to the knowledge of the Company, threatened, against or affecting the Company or any property of the Company or any of the partners of the Company in any court or before any arbitrator of any kind or before or by any Governmental Body (except actions, suits or proceedings arising in the ordinary course of business which individually or in the aggregate, if adversely determined, would not cause a Material Adverse Effect). Except as set forth on Schedule 6.4, the Company is not in default under any Order of any court, arbitrator or Governmental Body, and is not subject to or a party to any Order of any court or Governmental Body arising out of any action, suit or proceeding under any statute or other law. The Company is not in violation of any statute or other rule or regulation of any Governmental Body, the violation of which could cause a Material Adverse Effect.
Observance of Statutes. Regulations and Orders. There are no actions, suits investigations or proceedings pending or, to the knowledge of the Company, threatened against or affecting the Company or any Subsidiary or any property of the Company or of any Subsidiary in any court or before any arbitrator of any kind or before or by any Governmental Body (except actions, suits or proceedings of the character normally incident to the kind of business conducted by the Company or such Subsidiary which in the aggregate, if adversely determined, would not materially affect adversely the business, operations or properties of the Company, or of the Company and its Subsidiaries taken as a whole, or the ability of the Company to perform its obligations under this Agreement and the Debentures). Neither the Company nor any Subsidiary is in default under any Order of any court, arbitrator or Governmental Body; and neither the Company nor any Subsidiary is subject to or a patty to any Order of any court or Governmental Body arising out of xxx action, suit or proceeding under any statute or other law respecting antitrust, monopoly. restraint of trade, unfair competition or similar matters. Neither the Company nor any Subsidiary is in violation of any statute or other rule or regulation of any Governmental Body. including, without limitation, laws and regulations relating to environmental requirements (such as requirements in respect of air, water and noise pollution) and to employment practices (such as practices in respect to discrimination, health and safety), the violation of which might materially affect adversely the business, operations or properties of the Company, or of the Company and its Subsidiaries taken as a whole, or the ability of the Company to perform its obligations under this Agreement and the Debentures.
Observance of Statutes. Regulations and Orders. Except as disclosed on Schedule 6.4, there are no actions, suits or proceedings pending or, to the knowledge of the Company, threatened, against or affecting the Company or any property of the Company or any of the partners of the Company in any court or before any arbitrator of
Observance of Statutes. Regulations and Orders. The Loan Parties shall remain at all times in material compliance with all statutes or other rules or regulations of any governmental body, including any environmental law, the violation of which might materially affect adversely the business, business prospects, properties, conditions (financial or otherwise) or operations of the Issuers or the ability of the Issuers to perform their respective obligations under this Agreement or the Securities and the Security Documents.
