Common use of Payments and Operation of Business Clause in Contracts

Payments and Operation of Business. (a) It shall duly and punctually pay and perform its indebtedness, liabilities and obligations hereunder and under the other Loan Documents at the times and places and in the manner required by the terms hereof and thereof. (b) It shall (i) maintain its corporate existence or other type of Person existing as at the date of this Agreement, and (ii) operate and carry on and conduct its business and affairs in compliance in all material respects with all applicable Material Contracts and Material Permits, except to the extent that a failure to do so would not, or could not reasonably be expected to, have a Material Adverse Effect. (c) It shall operate its business in a prudent manner and in compliance in all material respects with all Applicable Laws except to the extent that a failure to do so would not, or could not reasonably be expected to, have a Material Adverse Effect. (d) It shall maintain in good standing and shall obtain, as and when required, all Permits and Contracts which may be necessary to permit it to acquire, own, operate and maintain its business and Property, observe and perform all the obligations imposed upon it under or in connection therewith, take any and all commercially reasonable actions necessary to preserve its rights thereunder except to the extent that a failure to do so would not and could not reasonably be expected to have a Material Adverse Effect. (e) It shall maintain in good standing in all material respects all Material Contracts and Material Permits, observe and perform in all material respects all the obligations imposed upon it under or in connection therewith, take any and all commercially reasonable actions necessary to preserve in all material respects its rights thereunder and cooperate with the Agent to the fullest extent possible in pursuing any claim it may have under or in respect thereof. (f) It shall maintain in good standing in all material respects all Operating Agreements and observe and perform in all material respects all the obligations imposed upon it under or in connection therewith, except to the extent that failure to do so would not, or could not reasonably be expected to, have a Material Adverse Effect. (g) In the case of the Borrower, it shall utilize proceeds of Advances under the Credits solely for the applicable purposes set out in Sections 2.3. (h) To the extent practicable and offered on commercially competitive terms, it shall maintain with the Agent all of its bank accounts through which it conducts all of its financial transactions.

Payments and Operation of Business. (a) It shall duly and punctually pay and perform its indebtedness, liabilities and obligations hereunder and under the other Loan Documents at the times and places and in the manner required by the terms hereof and thereof. (b) It shall (i) maintain its corporate existence or other type of Person existing as at the date of this Agreement, and (ii) operate and carry on and conduct its business and affairs in compliance in all material respects with all applicable Material Contracts and Material Permits, except to the extent that a failure to do so would not, or could not reasonably be expected to, have a Material Adverse Effect. (c) It shall operate its business in a prudent manner and in compliance in all material respects with all Applicable Laws except to the extent that a failure to do so would not, or could not reasonably be expected to, have a Material Adverse Effect. (d) It shall maintain in good standing and shall obtain, as and when required, all Permits and Contracts which may be necessary to permit it to acquire, own, operate and maintain its business and Property, observe and perform all the obligations imposed upon it under or in connection therewith, take any and all commercially reasonable actions necessary to preserve its rights thereunder except to the extent that a failure to do so would not and could not reasonably be expected to have a Material Adverse Effect. (e) It shall maintain in good standing in all material respects all Material Contracts and Material PermitsPermits (other than any Material Permit or Material Permit, the loss of which would not, individually or in the aggregate, have a Material Adverse Effect), observe and perform in all material respects all the obligations imposed upon it under or in connection therewith, take any and all commercially reasonable actions necessary to preserve in all material respects its rights thereunder and cooperate with the Agent to the fullest extent possible in pursuing any claim it may have under or in respect thereof. (f) It shall maintain in good standing in all material respects all Operating Agreements and observe and perform in all material respects all the obligations imposed upon it under or in connection therewith, except to the extent that failure to do so would not, or could not reasonably be expected to, have a Material Adverse Effect. (g) In the case of the Borrower, it shall utilize proceeds of Advances under the Credits solely for the applicable purposes set out in Sections 2.3. (h) To the extent practicable and offered on commercially competitive terms, it shall maintain with the Agent all of its bank accounts through which it conducts all of its financial transactions.