Company Operations. The Company shall duly and punctually perform its obligations under this Agreement, the Notes, and each of the other Financing Documents to which it is a party. The Company shall conduct its operations on the basis of customary commercial practice and arm's-length arrangements, with due diligence and efficiency and under the supervision of qualified and experienced management. The Company shall repair, replace and protect each of its assets to the extent required so that its business can be conducted properly at all times.
Company Operations. Pioneer Omega shall procure:
Company Operations. The Borrower shall duly and punctually perform its obligations under this Agreement, the Notes, and each of the other Financing Documents to which it is a party and shall cause IL to duly and punctually perform its obligations under each of the Financing Documents to which it is a party. The Borrower shall, and shall cause IL to, conduct its operations on the basis of customary commercial practice and arm’s-length arrangements, with due diligence and efficiency and under the supervision of qualified and experienced management. The Borrower shall, and shall cause IL to, repair, and/or replace and protect each of its assets in accordance with prudent industry practice so that its business can be conducted properly at all times.
Company Operations a) All company operations shall be subject to the RDL its laws and regulations, the instructions and directives of the Chief Scientist, programs prepared by him and to all agreements that may be entered into from time to time between the Foundation and the Chief Scientist.
Company Operations. Prior to the Closing, other than as set forth on Schedule 4.10 of the Schedules and other than the Subscription Agreements and the PSA, the Company and its Subsidiaries do not have any assets, liabilities, employees, Benefit Plans, or operating history.
Company Operations. 4 Section 3.04. Insurance, Auditors .........................................4 Section 3.05. Reports .....................................................5 ARTICLE IV ....................................................................6
Company Operations. It is contemplated that the operations of the Company shall be conducted through wholly owned direct or indirect Subsidiaries. However, certain documents executed, or to be executed, in connection with the Closing (including, without limitation, the Stockholders' Agreement, the Network Membership License Agreement, the Roaming Agreement and the Resale Agreement) provide that the Company shall enter into agreements or conduct the Company's operations. Notwithstanding the foregoing, the parties acknowledge and consent that one or more of the Company's Subsidiaries have entered, or may enter, into such agreements or conduct such operations. The parties hereto consent to such Subsidiaries entering into such agreements or conducting such operations on the condition that (i) such Subsidiaries shall at all times be direct or indirect wholly-owned Subsidiaries of the Company, and (ii) the Company shall cause such wholly-owned Subsidiaries to perform the obligations and conduct such operations of the Company or such wholly-owned Subsidiaries, as the case may be, required to be performed or conducted by the Company or such wholly-owned Subsidiaries, as the case may be, under such agreements.
Company Operations. Each Borrower shall duly and punctually perform its obligations under each of the Borrower Documents. Each Borrower shall conduct its operations in accordance with customary commercial practice and on an arm’s-length basis, with due diligence and efficiency and under the supervision of qualified and experienced management.
Company Operations. So long as the Security Interest of Seller remains in effect there shall be no intercompany transfer of assets, liabilities or other obligations without the express written consent of the Board of the Company. There shall be no assessment of the Buyer's corporate overhead or other expenses against the Company during such period. Further, the Company's bonding, customer deposits and loan agreements impose fiduciary obligations on the Company to maintain adequate cash and other working capital to meet the obligations of the Company. Buyer will respect these fiduciary obligations and not seek to transfer cash and other liquid assets out of the Company to the extent that these obligations are breached or the working capital needs of the Company are impaired.
