Operation of Collateral. Operate, utilize, recondition and/or refurbish (at the Secured Party's sole option and discretion and in any manner) any of the Collateral which is Equipment, for the purpose of enhancing or preserving the value thereof or the value of any other Collateral.
Operation of Collateral. Hold, lease, develop, manage, operate or otherwise use the Collateral upon such terms and conditions as Beneficiary may deem reasonable under the circumstances (including making such repairs, alterations, additions and improvements and taking other actions, from time to time, as Beneficiary deems necessary or desirable), and apply all Rents and other amounts collected by Beneficiary or, as applicable, Trustee in connection therewith in accordance with the provisions of Section 4.7.
Operation of Collateral. The Company will conduct the operation of the Collateral at all times in a prudent manner in compliance with applicable laws and regulations relating thereto and will maintain in effect all material licenses, permits, and certificates necessary for the use and operation of the Collateral.
Operation of Collateral. So long as the Obligations or any part thereof remains unpaid, and whether or not Borrower is the operator of the Collateral, each of Borrower and the Guarantors shall, at their own expense:
Operation of Collateral. Each Borrower will operate the Collateral owned by such Borrower in a commercially reasonable manner and in accordance with all Laws and, subject to Section 2.16 hereof, will pay all fees or charges of any kind in connection therewith. No Borrower will use or occupy or conduct any activity on, or allow the use or occupancy of or the conduct of any activity on, any of such Collateral in any manner which violates any Law or which constitutes a public or private nuisance or which makes void, voidable or cancelable, or increases the premium of, any insurance then in force with respect thereto. No Borrower will initiate or permit any zoning reclassification of such Collateral or seek any variance under existing zoning ordinances applicable to such Collateral or use or permit the use of such Collateral in such a manner which would result in such use becoming a nonconforming use under applicable zoning ordinances or other Laws. Except for the Bxxxx Road Plat when approved by Administrative Agent pursuant to Section 2.30 hereof, no Borrower will impose any easement, restrictive covenant or encumbrance upon the Collateral, execute or file any subdivision plat or condominium declaration affecting such Collateral or consent to the annexation of such Collateral to any municipality, without the prior written consent of Administrative Agent. No Borrower will do or suffer to be done any act whereby the value of any part of the Collateral may be lessened in any material respect. Each Borrower will preserve, protect, renew, extend and retain all material rights and privileges granted for or applicable to such Collateral. Without the prior written consent of Administrative Agent and except for mineral rights or lease interests permitted as part of the Permitted Encumbrances and the Approved O&G Leases, there shall be no drilling or exploration for or extraction, removal or production of any mineral, hydrocarbon, gas, natural element, compound or substance (including sand and gravel) from the surface or subsurface of any Land regardless of the depth thereof or the method of mining or extraction thereof. Each Borrower will cause all debts and liabilities of any character (including without limitation all debts and liabilities for labor, material and equipment (including software embedded therein) and all debts and charges for utilities servicing the Collateral) incurred in the construction, maintenance, operation and development of such Collateral to be promptly paid, except ...
Operation of Collateral. To the extent permitted by applicable law and subject to Section 3.9(b), hold, lease, develop, manage, operate or otherwise use the Collateral upon such terms and conditions as Agent may deem reasonable under the circumstances (including making such repairs, alterations, additions and improvements and taking other actions, from time to time, as Agent reasonably deems necessary or desirable to preserve the value of the Collateral), and apply all Rents and other amounts collected by Agent in connection therewith in accordance with the provisions of Section 4.7.
Operation of Collateral. The Credit Obligors will conduct the operation of the Collateral at all times in a prudent manner in compliance with applicable laws and regulations relating thereto and will maintain in effect all material licenses, permits, and certificates necessary for the use and operation of the Collateral.
Operation of Collateral. Within Thirty (30) days after the end of each calendar quarter, Debtor will provide to Secured Party the most recent report received by Debtor from each Lessee as to the operation of each Engine.
Operation of Collateral. 32 Section 6.13
Operation of Collateral. The Borrowers will conduct the operation of the Collateral at all times in a prudent manner in compliance with applicable laws and regulations relating thereto and will maintain in effect all material licenses, permits, and certificates necessary for the use and operation of the Collateral.
