Common use of Operation and Maintenance of Property Clause in Contracts

Operation and Maintenance of Property. Manage and operate its business or cause its business to be managed and operated (A) in accordance with prudent industry practice in all material respects and in compliance with the terms and provisions of all material permits and licenses, and (B) in compliance with all Applicable Laws of the jurisdiction in which such businesses are carried on, and all Applicable Laws of every other Governmental Authority from time to time constituted to regulate the ownership, management and operation of such businesses.

Appears in 13 contracts

Sources: Subscription Agreement (Polymet Mining Corp), Purchase Agreement (Glencore PLC), Purchase Agreement (Polymet Mining Corp)

Operation and Maintenance of Property. Manage and operate operate, and cause the Company to manage and operate, its business or cause its business to be managed and operated (A) in accordance with prudent industry practice in all material respects and in compliance with the terms and provisions of all material permits and licenses, and (B) in compliance with all Applicable Laws of the jurisdiction in which such businesses are carried on, and all Applicable Laws of every other Governmental Authority from time to time constituted to regulate the ownership, management and operation of such businesses.

Appears in 4 contracts

Sources: Parent Guarantee, Purchase Agreement (Polymet Mining Corp), Parent Guarantee (Polymet Mining Corp)