Maintenance of Projects Sample Clauses

Maintenance of Projects. Maintain, preserve and protect all of their respective Income-Producing Projects in good order and condition, subject to wear and tear in the ordinary course of business, and not permit any waste of their respective Projects.
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Maintenance of Projects. Borrower will maintain the Projects in good condition and repair (ordinary wear and tear excepted).
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Maintenance of Projects. Except for providing initial and annual funding for design, construction and maintenance of the Georgetown Project, ▇▇▇▇▇▇▇▇ Projects, ▇▇▇▇▇▇▇▇▇ Project, and ▇▇▇▇▇▇▇▇▇ Projects, the Diversion Authority will not be responsible for the operation and maintenance of the Georgetown Project, ▇▇▇▇▇▇▇▇ Projects, ▇▇▇▇▇▇▇▇▇ Project, and ▇▇▇▇▇▇▇▇▇ Projects‌
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Maintenance of Projects. (a) Subject to receipt of necessary funds and in accordance with the applicable Work Program and Budget: (i) the Operator covenants to keep acquired Rights and Projects in good standing at all times, including by conducting all required assessment work and making all required tax, expenditures and other maintenance payments, as well as any earn-in or option payments that may be required in respect of Third Party Rights (“Maintenance Payments”) and curing any defects in title that may be revealed; (ii) the Operator covenants to make application for the renewal of (where renewable and required to be renewed), and file any required document for, the Mineral Rights comprising a Project as required in accordance with any timeframe imposed by applicable Law, and shall take all commercially reasonable efforts to pursue and obtain such renewal; (iii) the Operator will be reimbursed for the Maintenance Payments it has properly made through the Budget (which will include Maintenance Payments as Expenditures) if not included in a current Budget. The Operator must provide the Alliance Management Committee with written evidence of the Maintenance Payments, subsequent to payment thereof; (iv) if the Operator or I▇▇▇▇▇▇ fails to take any action required by this subclause 8.5, BHP shall have the right but not the obligation to take any action (in the name of Ivanhoe Parties or any Area of Interest LLC if the effectiveness of such actions require that they be done in the name of Ivanhoe Parties or an Area of Interest LLC), including to: (A) cure any title defects; (B) take all necessary action to bring the Rights and Projects into good standing including making all required Maintenance Payments; and (C) make application for the renewal of, and file any required document for, the Mineral Rights comprising the Projects, and I▇▇▇▇▇▇ Parties shall at BHP’s request take any and all such actions that are reasonably necessary to assist BHP in such efforts. Any costs incurred by BHP in undertaking such curative actions shall be considered Expenditures under the Work Programs and Budgets. (b) Except as contemplated in this Agreement, the Operator covenants to keep the Projects free of all Encumbrances except Permitted Encumbrances.
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Maintenance of Projects. During the term of this Series 2022A Loan Agreement and following completion of the Projects, the Borrower will, at its own expense, cause the Projects to be maintained, preserved, and kept in good repair, working order, and condition and will from time to time cause to be made all proper repairs, renewals, and replacements thereof. Compliance by the Borrower with the provisions of the Master Indenture shall constitute compliance with the preceding sentence of this Section. The Borrower may also, at its own expense, cause to be made from time to time any additions, modifications, or improvements to the Projects provided such additions, modifications, or improvements do not impair the exemption of interest on the Series 2022A Bonds from federal income taxation. The Issuer will not be under any obligation to, and will not, operate, maintain, insure, or repair the Projects. * * *
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Related to Maintenance of Projects

  • Maintenance of Property The Company shall maintain, and shall cause each Subsidiary to maintain, and preserve all its property which is used or useful in its business in good working order and condition, ordinary wear and tear excepted and make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

  • Maintenance of Properties (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of its facilities.

  • Operation and Maintenance of Properties The Borrower will, and will cause each of its Subsidiaries to: (a) operate its Oil and Gas Properties and other material Properties or cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental Requirements, including, without limitation, applicable proration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect. (b) keep and maintain all Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted preserve, maintain and keep in good repair, working order and efficiency (ordinary wear and tear excepted) all of its material Oil and Gas Properties and other material Properties, including, without limitation, all material equipment, machinery and facilities. (c) promptly pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties and will do all other things necessary to keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder. (d) promptly perform or make reasonable and customary efforts to cause to be performed, in accordance with industry standards and in all material respects, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material Properties. (e) to the extent the Borrower or one of its Subsidiaries is not the operator of any Property, the Borrower shall use reasonable efforts to cause the operator to comply with this Section 8.06.

  • Maintenance of Properties, Etc Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its properties that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear excepted.

  • Maintenance of Profitability Seller shall not permit, for any Test Period, Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.