Common use of Operations and Properties Clause in Contracts

Operations and Properties. Each Borrower shall act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business, and investments. Each Borrower shall keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties that are necessary to the conduct of its business.

Appears in 2 contracts

Samples: Revolving Credit Agreement (MSD Investment Corp.), Revolving Credit Agreement (MSD Investment Corp.)

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Operations and Properties. Each Such Borrower shall act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business, and investments. Each Such Borrower shall keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties that which are necessary to the conduct of its business.

Appears in 1 contract

Samples: Revolving Credit Agreement (NMF SLF I, Inc.)

Operations and Properties. Each The Borrower shall act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business, business and investments. Each The Borrower shall keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties that which are necessary to the conduct of its business.

Appears in 1 contract

Samples: Credit Agreement (Metro Information Services Inc)

Operations and Properties. Each The Borrower shall act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business, and investments. Each The Borrower shall keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties that are necessary to the conduct of its business.

Appears in 1 contract

Samples: Revolving Credit Agreement (Clarion Partners Real Estate Income Fund Inc.)

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Operations and Properties. Each Borrower shall will act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business, business and investments. Each ; Borrower shall will keep in good working order and condition, ordinary wear and tear excepted, all of its their respective assets and properties that which are necessary to the conduct of its business.

Appears in 1 contract

Samples: Guaranty Agreement (Pier 1 Imports Inc/De)

Operations and Properties. Each Borrower shall will act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business, business and investments. Each Borrower shall will keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties that which are necessary to the conduct of its business, including without limitation all wellx xxx equipment necessary or useful in the operation of the Mineral Interests.

Appears in 1 contract

Samples: Secured Revolving Credit Loan Agreement (Remington Oil & Gas Corp)

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