Common use of Operation and Maintenance of Property Clause in Contracts

Operation and Maintenance of Property. The Borrower will, and will cause each other Credit Party to, manage and operate its business or cause its business to be managed and operated (i) in accordance with prudent industry practice in all material respects and in compliance in all material respects with the terms and provisions of all applicable licenses, leases, contracts and agreements, and (ii) in compliance with all Applicable Laws of the jurisdiction in which such businesses are carried on, and all Applicable Laws of every other Governmental Authority from time to time constituted to regulate the ownership, management and operation of such businesses, except in each instance where a failure to so manage and operate would not have a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (Mercer International Inc.), Credit Agreement (Mercer International Inc.), Credit Agreement (Mercer International Inc.)

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Operation and Maintenance of Property. The Borrower willshall, and will shall cause each other Credit Party to, manage and operate its business or cause its business and property to be managed and operated (ia) in accordance with prudent industry practice in all material respects and in compliance in all material respects with the terms and provisions of all applicable licenses, leases, contracts and agreements, and (iib) in compliance with all Applicable applicable Laws of the jurisdiction in which such businesses are carried on, and all Applicable applicable Laws of every other Governmental Authority from time to time constituted to regulate the ownership, management and operation of such businesses, except except, in each instance case, where a failure to so manage and operate would not have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Tahoe Resources Inc.), Credit Agreement (Tahoe Resources Inc.), Credit Agreement (Tahoe Resources Inc.)

Operation and Maintenance of Property. The Parent and the Borrower will, and will cause each other Credit Party to, manage and operate its business or cause its business to be managed and operated (i) in accordance with prudent industry practice in all material respects and in compliance in all material respects with the terms and provisions of all applicable licenses, leases, contracts and agreements, and (ii) in compliance with all Applicable applicable Laws of the jurisdiction in which such businesses are carried on, and all Applicable applicable Laws of every other Governmental Authority from time to time constituted to regulate the ownership, management and operation of such businesses, except in each instance where a failure to so manage and operate would could not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Microcell Telecommunications Inc), Credit Agreement (Microcell Telecommunications Inc), Exit Facility Agreement (Microcell Telecommunications Inc)

Operation and Maintenance of Property. The Borrower willshall, and will shall cause each other Credit Party to, manage and operate its business or cause its business to be managed and operated (ia) in accordance with prudent industry practice in all material respects and in compliance in all material respects with the terms and provisions of all applicable licenses, leases, contracts and agreements, and (iib) in compliance with all Applicable applicable Laws of the jurisdiction in which such businesses are carried on, and 22725645.15 SSRI Credit Agreement all Applicable applicable Laws of every other Governmental Authority from time to time constituted to regulate the ownership, management and operation of such businesses, except in each instance where a failure to so manage and operate would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Royalty Agreement (SSR Mining Inc.)

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Operation and Maintenance of Property. The Borrower willshall, and will shall cause each other Credit Party to, manage and operate its business or cause its business to be managed and operated (ia) in accordance with prudent industry practice in all material respects and in compliance in all material respects with the terms and provisions of all applicable material licenses, leases, contracts and agreements, and (iib) in compliance with all Applicable applicable Laws of the jurisdiction in which such businesses are carried on, and all Applicable applicable Laws of every other Governmental Authority from time to time constituted to regulate the ownership, management and operation of such businesses, except in each instance where a failure to so manage and operate would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (SSR Mining Inc.)

Operation and Maintenance of Property. The Borrower will, and will cause each other Credit Party to, manage and operate its business or cause its business to be managed and operated (i) in accordance with prudent industry practice in all material respects and in compliance in all material respects with the terms and provisions of all applicable licenses, leases, contracts and agreements, and (ii) in compliance with all Applicable Laws of the jurisdiction in which such businesses are carried on, and all Applicable Laws of every other Governmental Authority from time to time constituted to regulate the ownership, management and operation of such businesses, except in each instance where a failure to so manage and operate would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Universal Security Instruments Inc)

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