Operations and Properties. Borrowers will act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments; Borrowers will keep in good working order and condition, ordinary wear and tear excepted, all of their respective assets and properties which are necessary to the conduct of its business except for worn out or obsolete assets which have been replaced.
Appears in 3 contracts
Sources: Revolving Credit Agreement (Americredit Corp), Revolving Credit Agreement (Americredit Corp), Revolving Credit Agreement (Americredit Corp)
Operations and Properties. Borrowers will Borrower shall act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments; Borrowers will . Borrower shall keep in good working order and condition, ordinary wear and tear excepted, all of their respective its assets and properties which are necessary to the conduct of its business except for worn out or obsolete assets which have been replacedbusiness.
Appears in 3 contracts
Sources: Loan and Security Agreement (King Pharmaceuticals Inc), Convertible Loan Agreement (Caminosoft Corp), Convertible Loan Agreement (Caminosoft Corp)
Operations and Properties. Borrowers The Borrower will act prudently and in accordance with customary industry standards in managing or operating its the assets, properties, business and investments; Borrowers investments of the Borrower. The Borrower will keep in good working order and condition, ordinary wear and tear excepted, all of their respective its assets and properties which are necessary to the conduct of its business except for worn out or obsolete assets which have been replacedbusiness.
Appears in 1 contract
Sources: Letter of Credit and Reimbursement Agreement (Heico Corp)
Operations and Properties. Borrowers Borrower will act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business business, and investmentsinvestments so as not to incur a Material Adverse Effect; Borrowers Borrower will keep in good working order and condition, ordinary wear and tear excepted, all of their respective its assets and properties which are necessary to the conduct of its their business except for worn out or obsolete assets which have been replacedso as not to incur a Material Adverse Effect.
Appears in 1 contract
Sources: Revolving Credit Agreement (Municipal Mortgage & Equity LLC)
Operations and Properties. Borrowers Borrower will act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments; Borrowers . Borrower will keep in good working order and condition, ordinary wear and tear excepted, all of their respective its assets and properties which are necessary to the conduct of its business except for worn out business, including without limitation all well▇ ▇▇▇ equipment necessary or obsolete assets which have been replaceduseful in the operation of the Mineral Interests.
Appears in 1 contract
Sources: Secured Revolving Credit Loan Agreement (Remington Oil & Gas Corp)
Operations and Properties. Borrowers The Borrower will act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments; Borrowers Borrower will keep in good working order and condition, ordinary wear and tear excepted, all of their respective its assets and properties which are necessary to the conduct of its business except for worn out or obsolete assets which have been replacedbusiness.
Appears in 1 contract