Operating Covenants Generally Sample Clauses

Operating Covenants Generally. After the date of this Agreement and prior to Closing, except as required by applicable Law (including the Bankruptcy Code), as consented to in writing by Purchaser (which consent shall not be unreasonably withheld, conditioned or delayed) or as required by any Order of the Bankruptcy Court, Seller shall continue to operate the Building and its business in accordance with its past practices and in accordance with sound principles of management so as to maintain the Property in the same condition as of the date of this Agreement, ordinary wear and tear, casualty and Condemnation excepted. From and after the Effective Date, Seller shall not, except as required by applicable Law (including the Bankruptcy Code) or as required by any Order of the Bankruptcy Court, without Purchaser’s prior written consent, which may be withheld in Purchaser’s sole discretion, (i) alter or permit waste upon the Land or Building, (ii) grant any easements or rights-of-way affecting the Property, (iii) convey any estate or interest in the Property, (iv) further encumber the Property, or (v) move or demolish any existing buildings or other structures located on the Land. It is understood and agreed that on or after the date of this Agreement the business operations and activities conducted at the Property will cease and that no employees of Seller or its subsidiaries will be employed at the Property, and that Purchaser will need to restart such operations and rehire such employees (to the extent Purchaser intends to continue such operations with some or all of such employees) upon its acquisition of the Property at the Closing.
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Operating Covenants Generally. After the date of this Agreement and prior to Closing, except as required by applicable Law (including the Bankruptcy Code), as consented to in writing by Purchaser (which consent shall not be unreasonably withheld, conditioned or delayed) or as required by any Order of the Bankruptcy Court, Seller shall continue to operate the Building and its business in accordance with its past practices and in accordance with sound principles of management so as to maintain the Property in the same condition as of the date of this Agreement, ordinary wear and tear, casualty and Condemnation excepted. From and after the Effective Date, Seller shall not, except as required by applicable Law (including the Bankruptcy Code) or as required by any Order of the Bankruptcy Court, without Purchaser’s prior written consent, which may be withheld in Purchaser’s sole discretion,
Sample 1

Related to Operating Covenants Generally

  • Records Generally Xxxxxx agrees to keep and to have in its possession complete and accurate books and records showing the production and disposition of any and all substances produced on the leased land and to permit Lessor, at all reasonable hours, to examine the same, or to furnish copies of same to Lessor upon request along with purchaser's support documentation. Lessor will not be unreasonable with requests. All said books and records shall be retained by Xxxxxx and made available in Colorado to Lessor for a period of not less than five (5) years.

  • CONTINUING COVENANTS The Competitive Supplier agrees and covenants to perform each of the following obligations during the term of this ESA.

  • Compliance with Laws Generally Contractor complies in all material respects with all laws, rules, and regulations applicable to Contractor’s business and services.

  • Effect of Force Majeure Event on the Concession 34.6.1 Upon the occurrence of any Force Majeure Event prior to the Appointed Date, the period set forth in Clause 24.1.1 for achieving Financial Close shall be extended by a period equal in length to the duration of the Force Majeure Event.

  • Payments Generally (a) All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Pro Rata Share (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue.

  • Survival of Covenants, Etc All covenants, agreements, representations and warranties made herein, in the Notes, in any of the other Loan Documents or in any documents or other papers delivered by or on behalf of the Borrower or the Guarantors or any of their respective Subsidiaries pursuant hereto or thereto shall be deemed to have been relied upon by the Lenders and the Agent, notwithstanding any investigation heretofore or hereafter made by any of them, and shall survive the making by the Lenders of any of the Loans, as herein contemplated, and shall continue in full force and effect so long as any amount due under this Agreement or the Notes or any of the other Loan Documents remains outstanding or any Letters of Credit remain outstanding or any Lender has any obligation to make any Loans or issue any Letters of Credit. The indemnification obligations of the Borrower provided herein and in the other Loan Documents shall survive the full repayment of amounts due and the termination of the obligations of the Lenders hereunder and thereunder to the extent provided herein and therein. All statements contained in any certificate delivered to any Lender or the Agent at any time by or on behalf of the Borrower, any Guarantor or any of their respective Subsidiaries pursuant hereto or in connection with the transactions contemplated hereby shall constitute representations and warranties by such Person hereunder.

  • Adverse Operating Effects The NYISO or Connecting Transmission Owner shall notify the Interconnection Customer as soon as practicable if, based on Good Utility Practice, operation of the Small Generating Facility may cause disruption or deterioration of service to other customers served from the same electric system, or if operating the Small Generating Facility could cause damage to the New York State Transmission System, the Distribution System or Affected Systems, or if disconnection is otherwise required under Applicable Reliability Standards or the ISO OATT. Supporting documentation used to reach the decision to disconnect shall be provided to the Interconnection Customer upon request. If, after notice, the Interconnection Customer fails to remedy the adverse operating effect within a reasonable time, the NYISO or Connecting Transmission Owner may disconnect the Small Generating Facility. The NYISO or Connecting Transmission Owner shall provide the Interconnection Customer with five Business Day notice of such disconnection, unless the provisions of article 3.4.1 apply.

  • Termination of Covenants The covenants set forth in this Section 5 shall terminate and be of no further force or effect (i) immediately before the consummation of the IPO, (ii) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act, or (iii) upon a Liquidity Event, as such term is defined in the Restated Certificate, whichever event occurs first.

  • Specific Covenants The Borrower fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.10, 6.11 or 6.12 or Article VII; or

  • Services Generally Throughout the Term of this Agreement, the Contractor shall provide the Services in the Service Areas in accordance with the terms and conditions of this Agreement.

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