Common use of Business and Operations Clause in Contracts

Business and Operations. Mezzanine Borrower shall continue to and shall cause each Senior Mezzanine Borrower and Mortgage Borrower to continue to engage in the businesses presently conducted by each of them as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property and the Collateral, as applicable. Mezzanine Borrower shall and shall cause each Senior Mezzanine Borrower and Mortgage Borrower to, qualify to do business and shall remain in good standing under the laws of all applicable jurisdictions as and to the extent required for the Mortgage Borrower’s ownership, maintenance, management and operation of the Property and, as applicable, the Mezzanine Borrower’s ownership of the Collateral.

Appears in 6 contracts

Samples: Mezzanine Loan and Security Agreement (Toys R Us Inc), Mezzanine Loan and Security Agreement (Toys R Us Inc), Mezzanine Loan and Security Agreement (Toys R Us Inc)

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Business and Operations. Mezzanine Borrower shall continue to and shall cause each Senior Mezzanine Borrower and Mortgage Borrower to continue to engage in the businesses presently conducted by each of them it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property Property, the Senior Mezzanine Collateral and the Collateral, as applicable. Mezzanine Borrower shall and shall cause each Senior Mezzanine Borrower and Mortgage Borrower to, to qualify to do business and shall remain in good standing under the laws of all applicable jurisdictions as and to the extent required for the Mortgage Borrower’s ownership, maintenance, management and operation of the Property and, as applicableProperty, the Senior Mezzanine Borrower’s ownership of Collateral and the Collateral.

Appears in 2 contracts

Samples: Mezzanine Loan and Security Agreement (Station Casinos Inc), Mezzanine Loan and Security Agreement (Station Casinos Inc)

Business and Operations. Mezzanine Borrower shall continue to and shall cause each Senior Mezzanine Mortgage Borrower and Mortgage Borrower to continue to engage in the businesses presently conducted by each of them it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property Property, the Senior Mezzanine Collateral and the Collateral, as applicable. Mezzanine Borrower shall and shall cause each Senior Mezzanine Borrower and Mortgage Borrower to, to qualify to do business and shall remain in good standing under the laws of all applicable jurisdictions as and to the extent required for the Mortgage Borrower’s ownership, maintenance, management and operation of the Property and, as applicableProperty, the Senior Mezzanine Borrower’s ownership of Collateral and the Collateral.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Station Casinos Inc)

Business and Operations. Mezzanine Borrower shall continue to and shall cause each Senior Mezzanine Borrower and Mortgage Borrower to continue to engage in the businesses presently conducted by each of them it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property Property, the Senior Mezzanine Collateral and the Collateral, as applicable. Mezzanine Borrower shall and shall cause each Senior Mezzanine Borrower and Mortgage Borrower to, to qualify to do business and shall remain in good standing under the laws of all applicable jurisdictions as and to the extent required for the Mortgage Borrower’s ownership, maintenance, management and operation of the Property and, as applicableProperty, the Senior Mezzanine Borrower’s ownership of Collateral and the Collateral.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Station Casinos Inc)

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Business and Operations. Mezzanine Borrower shall continue to and shall cause each Senior Mezzanine Mortgage Borrower and Mortgage Borrower to continue to engage in the businesses presently conducted by each of them it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property Property, the Senior Mezzanine Collateral and the Collateral, as applicable. Mezzanine Borrower shall and shall cause each Senior Mezzanine Borrower and Mortgage Borrower to, to qualify to do business and shall remain in good standing under the laws of all applicable jurisdictions as and to the extent required for the Mortgage Borrower’s ownership, maintenance, management and operation of the Property and, as applicableProperty, the Senior Mezzanine Borrower’s ownership of Collateral and the Collateral.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Station Casinos Inc)

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