Common use of Operations and Properties Clause in Contracts

Operations and Properties. Borrowers will act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments; Borrowers will keep in good working order and condition, ordinary wear and tear excepted, all of their respective assets and properties which are necessary to the conduct of its business except for worn out or obsolete assets which have been replaced.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Americredit Corp), Revolving Credit Agreement (Americredit Corp), Revolving Credit Agreement (Americredit Corp)

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

Appears in 3 contracts

Samples: Convertible Loan Agreement (Caminosoft Corp), Convertible Loan Agreement (Caminosoft Corp), Loan and Security Agreement (King Pharmaceuticals Inc)

Operations and Properties. Borrowers The Borrower will act prudently and in accordance with customary industry standards in managing or operating its the assets, properties, business and investments; Borrowers investments of the Borrower. The Borrower will keep in good working order and condition, ordinary wear and tear excepted, all of their respective its assets and properties which are necessary to the conduct of its business except for worn out or obsolete assets which have been replacedbusiness.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Heico Corp)

Operations and Properties. Borrowers The Borrower will act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments; Borrowers Borrower will keep in good working order and condition, ordinary wear and tear excepted, all of their respective its assets and properties which are necessary to the conduct of its business except for worn out or obsolete assets which have been replacedbusiness.

Appears in 1 contract

Samples: Loan Agreement (U S Global Investors Inc)

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Operations and Properties. Borrowers Borrower will act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business business, and investmentsinvestments so as not to incur a Material Adverse Effect; Borrowers Borrower will keep in good working order and condition, ordinary wear and tear excepted, all of their respective its assets and properties which are necessary to the conduct of its their business except for worn out or obsolete assets which have been replacedso as not to incur a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Municipal Mortgage & Equity LLC)

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