Operations of the Borrower Sample Clauses

Operations of the Borrower. The Borrower shall not (a) own any assets (other than (i) following the Completion Date in accordance with the TLA Transaction Documents, Capital Stock of the Target, and indirectly, the Subsidiaries of the Target or (ii) cash or Cash Equivalents) or (b) engage in any trade or business (other than the performance of its obligations under the Loan Documents, the management of its Investment in the Target and, indirectly, the Subsidiaries of the Target and matters incidental thereto).
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Operations of the Borrower. Section 3.01(a). The Borrower declares its commitment to the objectives of the Project as set forth in Schedule 2 to this Agreement, and, to this end, shall carry out the Project with due diligence and efficiency and conduct its operations and affairs in accordance with sound financial, economic, and administrative standards with qualified management and personnel, and in accordance with the SIDBI Act.
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Operations of the Borrower. Subject to the rights of the Approved Tenants under their respective Approved Leases, there shall be no material change in the operations or activities conducted on the Property without the Lender’s express prior written consent. The Borrower shall not use or store, and shall not permit any other party to use or store on the Property any hazardous wastes, except for deminimus amounts of hazardous chemical substances and mixtures used in the ordinary course of business and otherwise in compliance with Environmental Laws (as defined below), The Borrower shall not, and shall not permit any other
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Operations of the Borrower. There shall be no material change in the operations or activities conducted on the Property without the Lender’s express prior written consent. The Borrower shall not use or store, and shall not permit any other party to use or store on the Property any hazardous wastes except in compliance with all applicable Environmental Laws (as hereafter defined). The Borrower shall not, and shall not permit any other party to, use or maintain the Property in a manner or conduct any operations or cause any occurrence thereon which would constitute a violation of any applicable laws, statutes, ordinances, regulations or similar standards, including, but not limited to, those relating to environmental protection, pollution control, hazardous wastes and other wastes (collectively referred to as “Environmental Laws”). The Borrower shall not permit any use of the Property or any event or occurrence thereon which could lead to the imposition of a lien or encumbrance against the Property pursuant to any Environmental Laws. If the activities conducted by the Borrower or by any other party on the Property require any permit, license or similar grant of governmental permission or approval (collectively referred to as “Permits”) pursuant to any Environmental Law, the Borrower shall apply for such Permits, or shall cause such. Permits to be applied for in a timely fashion. The Borrower shall take or cause to be taken all necessary actions to cause the timely renewal of all applicable Permits. All operations and activities conducted by the Borrower on the Property and all conditions on the Property shall be in accordance with, shall not exceed any limits or restrictions contained in, and shall not be violative of, any applicable Permit. “Hazardous Wastes” shall be defined as set forth in The Resource Conservation and Recovery Act as amended (42 X.X.X. §0000, et seq.) “Hazardous Substances” shall be defined as any substance which poses a present or potential hazard to human health or the environment when improperly disposed of, treated, stored or managed and shall include, but not be limited to, those substances classified as “hazardous substances”, “hazardous materials”, “hazardous wastes” and “hazardous chemical substances and mixtures” under the Environmental Laws. 17
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Related to Operations of the Borrower

  • Obligations of the Borrower 13 Section 3.01.

  • Operations of the Company Except as set forth on Schedule 3.26, since the Balance Sheet Date the Company has not:

  • Representations of the Borrower The Borrower represents and warrants that:

  • Interim Operations of the Company The Company covenants and agrees as to itself and its Subsidiaries that during the period from the date of this Agreement until the Effective Time or the date, if any, on which this Agreement is earlier terminated pursuant to Section 7.1, except as (w) disclosed in Section 5.1 of the Company Disclosure Letter, (x) expressly contemplated or permitted by this Agreement, (y) required by applicable Law, or (z) agreed to in writing by Parent, after the date of this Agreement and prior to the Effective Time:

  • Reimbursement Obligations of the Borrower The Borrower agrees to pay to the L/C Issuer of any Letter of Credit each L/C Reimbursement Obligation owing with respect to such Letter of Credit no later than the first Business Day after the Borrower receives notice from such L/C Issuer that payment has been made under such Letter of Credit or that such L/C Reimbursement Obligation is otherwise due (the “L/C Reimbursement Date”) with interest thereon computed as set forth in clause (i) below. In the event that any L/C Issuer incurs any L/C Reimbursement Obligation not repaid by the Borrower as provided in this clause (e) (or any such payment by the Borrower is rescinded or set aside for any reason), such L/C Issuer shall promptly notify the Administrative Agent of such failure (and, upon receipt of such notice, the Administrative Agent shall forward a copy to each Revolving Credit Lender) and, irrespective of whether such notice is given, such L/C Reimbursement Obligation shall be payable on demand by the Borrower with interest thereon computed (i) from the date on which such L/C Reimbursement Obligation arose to the L/C Reimbursement Date, at the interest rate applicable during such period to Revolving Loans that are Base Rate Loans and (ii) thereafter until payment in full, at the interest rate applicable during such period to past due Revolving Loans that are Base Rate Loans.

  • Actions of the Bank The Bank shall follow Instructions received regarding assets held in the Accounts. However, until it receives Instructions to the contrary, the Bank will:

  • OBLIGATIONS OF BORROWER Until payment in full of all Loan Facility Obligations and termination of the Loan Documents, Borrower agrees as follows:

  • Management and Operations of Business 30 Section 7.1 Management .............................................................. 30 Section 7.2 Certificate of Limited Partnership ...................................... 34 Section 7.3 Restrictions on General Partner's Authority ............................. 34 (i) 3 Section 7.4 Reimbursement of the Crescent Group ..................................... 35 Section 7.5 Outside Activities of the Crescent Group ................................ 35 Section 7.6 Contracts with Affiliates ............................................... 36 Section 7.7 Indemnification ......................................................... 36 Section 7.8 Liability of the General Partner ........................................ 39 Section 7.9 Other Matters Concerning the General Partner ............................ 39 Section 7.10 Title to Partnership Assets ............................................ 40 Section 7.11 Reliance by Third Parties .............................................. 40 Section 7.12 Limited Partner Representatives ........................................ 41

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