Maintain Properties. The City will maintain and preserve all of its properties that are material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, it being understood that this paragraph relates only to the good working order and condition of such properties and shall not be construed as a covenant not to encumber or dispose of such properties by sale, lease, transfer or otherwise in the ordinary course of business or within the provisions of the ordinances authorizing the Subordinate ▇▇▇▇ ▇▇▇▇▇ or
Appears in 6 contracts
Sources: Note Purchase Agreement, Revolving Credit Agreement, Revolving Credit Agreement
Maintain Properties. The City will maintain and preserve all of its properties that are material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, it being understood that this paragraph relates only to the good working order and condition of such properties and shall not be construed as a covenant not to encumber or dispose of such properties by sale, lease, transfer or otherwise in the ordinary course of business or within the provisions of the ordinances authorizing the Subordinate ▇▇▇▇ ▇▇▇▇▇ orPriority Lien Obligations.
Appears in 2 contracts
Sources: Note Purchase Agreement, Revolving Credit Agreement
Maintain Properties. The City will maintain and preserve all of its properties related to the Systems that are material to the conduct of its utility business in good working order and condition, ordinary wear and tear excepted, it being understood that this paragraph relates only to the good working order and condition of such properties and shall not be construed as a covenant not to encumber or dispose of such properties by sale, lease, transfer or otherwise in the ordinary course of business or within the provisions of the ordinances authorizing the Subordinate ▇▇▇▇ ▇▇▇▇▇ oror Separate Lien Obligations.
Appears in 1 contract
Sources: Revolving Credit Agreement
Maintain Properties. The City will maintain and preserve all of its properties that are material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, it being understood that this paragraph relates only to the good working order and condition of such properties and shall not be construed as a covenant not to encumber or dispose of such properties by sale, lease, transfer or otherwise in the ordinary course of business or within the provisions of the ordinances authorizing the Subordinate ▇▇▇▇ ▇▇▇▇▇ ororder
Appears in 1 contract
Sources: Revolving Credit Agreement