Common use of Operation and Maintenance of Property Clause in Contracts

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.

Appears in 2 contracts

Samples: Intercreditor Agreement (Eldorado Gold Corp /Fi), Intercreditor Agreement (Eldorado Gold Corp /Fi)

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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: Bridge Credit Agreement (Teck Cominco LTD), Term 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.. Pretium Resources Inc. - Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Pretium Resources Inc.)

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.. Pretium Resources Inc. – Amended and Restated Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Pretium Resources Inc.)

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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

Appears in 1 contract

Samples: Credit Agreement (Fahnestock Viner Holdings Inc)

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