Operation and Maintenance of Property. The Borrower shall, and shall cause each of its Material Subsidiaries to, manage and operate its business or cause its business to be managed and operated (a) 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 (b) 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 where a failure to so manage and operate would not have a Material Adverse Effect.
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Samples: Credit Agreement (Eldorado Gold Corp /Fi), Fifth Amendment Agreement (Eldorado Gold Corp /Fi), Credit Agreement (Eldorado Gold Corp /Fi)
Operation and Maintenance of Property. The Borrower shallwill, and shall will cause each of its Material Subsidiaries Subsidiary to, manage and operate its business or cause its business to be managed and operated (ai) 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 (bii) in compliance with all applicable Laws 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 where a failure to so manage and operate would not have a Material Adverse Effect.
Appears in 2 contracts
Samples: Term Credit Agreement (Teck Cominco LTD), Bridge Credit Agreement (Teck Cominco LTD)
Operation and Maintenance of Property. The Borrower shall, and shall cause each of its Material Subsidiaries other Obligor to, manage and operate its business or cause its business and property to be managed and operated (a) in accordance with prudent mining and industry practice in all material respects and in compliance in all material respects with the terms and provisions of all applicable licenses, leases, contracts Authorizations and agreementsMaterial Contracts, and (b) 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 case, where a failure to so manage and operate would not have a Material Adverse Effect.
Appears in 2 contracts
Samples: Credit Agreement (Pretium Resources Inc.), Credit Agreement (Pretium Resources Inc.)
Operation and Maintenance of Property. The Borrower shallwill, and shall will cause each of its Material Subsidiaries Subsidiary to, manage and operate its business or cause its business to be managed and operated (ai) 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 (bii) in compliance with all applicable Laws 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 where a failure to so manage and operate would not have a Material Adverse Effect.Adverse
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