Common use of RESTRICTED USE; COMPLIANCE WITH LAWS Clause in Contracts

RESTRICTED USE; COMPLIANCE WITH LAWS. 20.1 So long as no Event of Default shall have occurred and be continuing, the Lessee may use the Property or Equipment in the course of its business for any lawful purpose. Without limitation of any of its other obligations hereunder or under any other Operative Document, the Lessee agrees that the Lessee will not do or permit any act or thing which could reasonably be expected to materially impair the value or utility of any Property or Equipment.

Appears in 2 contracts

Samples: Lease Agreement (Potash Corporation of Saskatchewan Inc), Lease Agreement (Potash Corporation of Saskatchewan Inc)

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RESTRICTED USE; COMPLIANCE WITH LAWS. 20.1 (a) So long as no Event of Default shall have occurred and be continuing, the Lessee may use the Property or Equipment in the course of its business for any lawful purpose. Without limitation of any of its other obligations hereunder or under any other Operative Document, the Lessee agrees that the Lessee will not do or permit any act or thing which could reasonably be expected to materially impair the value or utility of any Property or Equipment.

Appears in 1 contract

Samples: Lease Agreement (Arcadian Corp)

RESTRICTED USE; COMPLIANCE WITH LAWS. 20.1 (a) So long as no Event of Default shall have occurred and be continuing, the Lessee may use the Property or Equipment in the regular course of its business for any lawful purpose. Without limitation of any of its other obligations hereunder or under any other Operative Document, the Lessee agrees that the The Lessee will not do or permit any act or thing which could reasonably be expected to materially impair might impair, other than in the normal use thereof, the value or utility usefulness of any Property or Equipment.

Appears in 1 contract

Samples: Lease Agreement (Seaboard Corp /De/)

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RESTRICTED USE; COMPLIANCE WITH LAWS. 20.1 (a) So long as no Event of Default shall have occurred and be continuing, the Lessee may use the Property or Equipment in the regular course of its business for any lawful purpose. Without limitation of any of its other obligations hereunder or under any other Operative Document, the Lessee agrees that the The Lessee will not do or permit any act or thing which could reasonably be expected to might materially impair impair, other than normal wear and tear arising out of the proper and normal use thereof, the value or utility of any Parcel of Property or Unit of Equipment.

Appears in 1 contract

Samples: Lease Agreement (Travelcenters of America Inc)

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