Project Parties. Each Project Party shall, as required to carry out the Project in accordance with Section 7.01: (a) promptly take all necessary or appropriate action to maintain its corporate existence and to acquire, maintain and renew its rights, properties, powers, privileges and franchises; (b) employ competent and experienced management and personnel; (c) operate, maintain and replace its plant, equipment and other properties; and (d) not sell, lease or otherwise dispose of any of the Project’s assets, except in the normal course of business or as agreed by the Fund.
Appears in 3 contracts
Samples: Financing Agreement, Negotiated Financing Agreement, Financing Agreement
Project Parties. Each Project Party shall, as required to carry out the Project in accordance with Section 7.01:
(a) promptly take all necessary or appropriate action to maintain its corporate existence and to acquire, maintain and renew its rights, properties, powers, privileges and franchises;
(b) employ competent and experienced management and personnel;
(c) operate, maintain and replace its plant, equipment and other properties; and
(d) not sell, lease or otherwise dispose of any of the Project’s 's assets, except in the normal course of business or as agreed by the Fund.
Appears in 2 contracts
Samples: Project Agreement, Financing Agreement
Project Parties. Each Project Party shall, as required to carry out the Project in accordance with Section 7.01:
(a) : promptly take all necessary or appropriate action to maintain its corporate existence and to acquire, maintain and renew its rights, properties, powers, privileges and franchises;
(b) ; employ competent and experienced management and personnel;
(c) ; operate, maintain and replace its plant, equipment and other properties; and
(d) and not sell, lease or otherwise dispose of any of the Project’s 's assets, except in the normal course of business or as agreed by the Fund.
Appears in 1 contract
Samples: Financing Agreement
