Operations During the Interim Period Sample Clauses

Operations During the Interim Period. (a) During the Interim Period, Seller shall use its, and shall cause GMMV, KUC and WCRC to use their respective, commercially reasonable efforts to maintain the Project in care and maintenance in all material respects in the Ordinary Course of Business and in accordance with Environmental Law, and to otherwise conduct the Companies’ and GMMV’s affairs in the Ordinary Course of Business and in accordance with Environmental Law. During the Interim Period, Seller shall use its, and shall cause GMMV, ▇▇▇ and WCRC to use their respective, commercially reasonable efforts to: (i) maintain the Improvements and Tangible Personal Property generally in the condition in which they exist on the Effective Date, subject to ordinary wear, tear and deterioration; it being understood that the facilities known as the “Sweetwater Mill” shall be maintained consistent with past practices as of the Effective Date; (ii) preserve and maintain the Permits (including the Radioactive Materials License) and financial sureties necessary to carry on the business or for the ownership and use of the assets and Mineral and Real Properties of the Companies and GMMV, subject to any amendments made in consultation with Buyer by providing information reasonably requested by Buyer in connection with such amendments (for the avoidance of doubt, such consultation right shall not give Buyer any consent or similar right, and Seller shall not be required to accept any such comments of Buyer with respect to such amendments and such rejection of comments shall not be deemed a breach of this provision), and comply with the terms and conditions of such Permits; (iii) diligently pursue the renewal of the Radioactive Materials License and Seller shall consult with ▇▇▇▇▇ and shall consider any comments proposed by or on behalf of Buyer in good faith in connection with the renewal of the Radioactive Materials License, provided that in no event shall Seller be obligated to accept any such comments of Buyer; (iv) comply with the terms of all Material Contracts in all material aspects; (v) with respect to the assets comprising the Water Rights and the Mineral and Real Properties, (i) maintain title to such assets; (ii) perform all obligations and make all payments required to maintain the title to such assets in good standing, including the payment of all Taxes, rents, royalties and other obligations; (iii) maintain the condition of the assets as they were in on the Effective Date, and (iv) make all necessary ...
View Source
Operations During the Interim Period. Except as otherwise provided for in this Agreement, during the Interim Period, Seller shall, and shall cause its Affiliates (including the Companies) to, use Commercially Reasonable Efforts to maintain the operations of the Business, in each case in the Ordinary Course of Business, at Seller’s cost and to Seller’s benefit.
View Source
Operations During the Interim Period. During the Interim Period (and absent a Fundamental Change, in which case Seller’s obligation under this Section 5.17 shall terminate), the parties shall use commercially reasonable efforts to: (a) promptly inform each of other of efforts and communications with the U.S. government regarding the novation of the USG Contracts and the transfer of Seller’s CAGE code; and (b) with respect to Seller, forward to Purchaser all requests, inquiries and communications (including, without limitation, invitations to bid) received which reasonably relate to the Acquired Assets and with respect to Purchaser, forward to Seller all requests, inquiries and communications (including, without limitation, invitations to bid) received which do not reasonably relate to the Acquired Assets; and (c) coordinate efforts to permit Purchaser to use Seller’s CAGE code to bid on U.S. government contracts (with any such use of Seller’s CAGE code being agreed to in advance by the parties); provided that such efforts by Seller and any use by Purchaser of the CAGE code shall in no way obligate or require Seller to incur any liability for purchase orders, contracts or agreements entered into on or after the Closing Date or incur overtime or other unusual expenses.
View Source
Operations During the Interim Period 
View SourceView Similar (2)

Related to Operations During the Interim Period

  • Allocations During the Revolving Period During the Revolving Period (A) an amount equal to the product of (I) the sum of the Class B Principal Percentage and the Collateral Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 2025-3 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 2025-3 Certificateholders and retained in the Collection Account until applied as provided herein and (B) an amount equal to the product of (I) the Class A Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 2025-3 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date shall be allocated to the Series 2025-3 Certificateholders and first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates; provided, however, that such amount to be paid to the Holders of the Transferor Certificates on any Deposit Date shall be paid to such Holders only if the Transferor Amount on such Deposit Date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Allocations During the Early Amortization Period During the Early Amortization Period, an amount equal to the product of (A) the Principal Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that after the date on which an amount of such Collections equal to the Adjusted Invested Amount has been deposited into the Collection Account and allocated to the Series 1997-1 Certificateholders, such amount shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Allocations During the Controlled Accumulation Period During the Controlled Accumulation Period (A) an amount equal to the product of (I) the sum of the Class B Principal Percentage and the Collateral Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 1997-1 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein and (B) an amount equal to the product of (I) the Class A Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 1997-1 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date (such product for any such date, a "Percentage Allocation") shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that if the sum of such Percentage Allocation and all preceding Percentage Allocations with respect to the same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall not be treated as a Percentage Allocation and shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such Deposit Date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Withdrawals during Concession Period 27.3.1 The Concessionaire shall, at the time of opening the Escrow Account, give irrevocable instructions, by way of an Escrow Agreement, to the Escrow Bank instructing, inter alia, that deposits in the Escrow Account shall be appropriated in the following order every month, or at shorter intervals as necessary, and if not due in a month then appropriated proportionately in such month and retained in the Escrow Account and paid out therefrom in the month when due: (a) all taxes due and payable by the Concessionaire for and in respect of the Project; (b) all payments relating to construction of the Project, subject to and in accordance with the conditions, if any, set forth in the Financing Agreements; (c) O&M Expenses, subject to the ceiling, if any, set forth in the Financing Agreements; (d) O&M Expenses and other costs and expenses incurred by the Authority in accordance with the provisions of this Agreement, and certified by the Authority as due and payable to it; (e) Concession Fee or Annual Concession Fee, as the case may be, due and payable to the Authority; (f) monthly proportionate provision of Debt Service due in an Accounting Year; (g) all payments and Damages certified by the Authority as due and payable to it by the Concessionaire; (h) monthly proportionate provision of debt service payments due in an Accounting Year in respect of Subordinated Debt; (i) any reserve requirements set forth in the Financing Agreements; and (j) balance, if any, in accordance with the instructions of the Concessionaire. 27.3.2 The Concessionaire shall not in any manner modify the order of payment specified in Clause 27.3.1, except with the prior written approval of the Authority.

  • Maintenance during Construction Period (i) During the Construction Period, the Contractor shall maintain, at its cost, the existing lane(s) of the Project Highway so that the traffic worthiness and safety thereof are at no time materially inferior as compared to their condition on Appointed Date, and shall undertake the necessary repair and maintenance works for this purpose; provided that the Contractor may, at its cost, interrupt and divert the flow of traffic if such interruption and diversion is necessary for the efficient progress of Works and conforms to Good Industry Practice; provided further that such interruption and diversion shall be undertaken by the Contractor only with the prior written approval of the Authority’s Engineer which approval shall not be unreasonably withheld. For the avoidance of doubt, it is agreed that the Contractor shall at all times be responsible for ensuring safe operation of the Project Highway. It is further agreed that in the event the Project includes construction of a bypass or tunnel and realignment of the existing carriageway, the Contractor shall maintain the existing highway in such sections until the new Works are open to traffic. (ii) Notwithstanding anything to the contrary contained in this Agreement, in the event of default by the Contractor in discharging the obligations specified in Clause 10.4 (i) above, the Authority shall get these maintenance works completed in the manner recommended by the Authority’s Engineer to avoid public inconvenience at the risk and cost of the Contractor in order to keep the road in traffic worthy condition.