Common use of Condition and Operation Clause in Contracts

Condition and Operation. The Owner and its authorized representatives (the "Inspecting Parties") may inspect, as its own expense, the Facility. After an Event of Default has occurred and is continuing, the Inspecting Parties may also inspect, at their expense, the books and records of the Operator relating to the Facility and make copies and abstracts therefrom. The Operator shall furnish to the Inspecting Parties statements accurate in all material respects regarding the condition and state of repair of the Facility, all at such times and as often as may be reasonably requested. None of the Inspecting Parties shall have any duty to make any such inspection or inquiry. To the extent permissible, the Operator shall prepare and file in timely fashion, or where the Owner shall be required to file, the Operator shall prepare and deliver to the Owner within a reasonable time prior to the date for filing, any reports with respect to the condition or operation of the Facility that shall be required to be filed with any Governmental Authority.

Appears in 1 contract

Samples: Operating Agreement (Ecoscience Corp/De)

AutoNDA by SimpleDocs

Condition and Operation. The Owner Lender and its the Lessor and their authorized representatives (the "Inspecting Parties") may inspect, as its at their own expense, the Facility. After an Event of Default has occurred and is continuing, the Inspecting Parties may also inspect, at their expense, the books and records of the Operator Lessee relating to the Facility and make copies and abstracts therefrom. The Operator Lessee shall furnish to the Inspecting Parties statements accurate in all material respects regarding the condition and state of repair of the Facility, all at such times and as often as may be reasonably requested. None of the Inspecting Parties shall have any duty to make any such inspection or inquiry. To the extent permissible, the Operator Lessee shall prepare and file in timely fashion, or or, where the Owner Lessor shall be required to file, the Operator Lessee shall prepare and deliver to the Owner Lessor within a reasonable time prior to the date for filing, any reports with respect to the condition or operation of the Facility that shall be required to be filed with any Governmental Authority.

Appears in 1 contract

Samples: Lease Agreement (Ecoscience Corp/De)

Condition and Operation. The Owner Lessor and its authorized representatives (the "Inspecting Parties") may inspect, as at its own expense, the Facility. After an Event of Default has occurred and is continuing, the Inspecting Parties may also inspect, at their expense, the books and records of the Operator Lessee relating to the Facility and make copies and abstracts therefrom. The Operator Lessee shall furnish to the Inspecting Parties statements accurate in all material respects regarding the condition and state of repair of the Facility, all at such times and as often as may be reasonably requested. None of the Inspecting Parties shall have any duty to make any such inspection or inquiry. To the extent permissible, the Operator Lessee shall prepare and file in timely fashion, or or, where the Owner Lessor shall be required to file, the Operator Lessee shall prepare and deliver to the Owner Lessor within a reasonable time prior to the date for filing, any reports with respect to the condition or operation of the Facility that shall be required to be filed with any Governmental Authority.

Appears in 1 contract

Samples: Lease Agreement (Ecoscience Corp/De)

Condition and Operation. The Owner and its authorized representatives (the "Inspecting Parties") may inspect, as at its own expense, the Facility. After an Event of Default has occurred and is continuing, the Inspecting Parties may also inspect, at their expense, the books and records of the Operator relating to the Facility and make copies and abstracts therefrom. The Operator shall furnish to the Inspecting Parties statements accurate in all material respects regarding the condition and state of repair of the Facility, all at such times and as often as may be reasonably requested. None of the Inspecting Parties shall have any duty to make any such inspection or inquiry. To the extent permissible, the Operator shall prepare and file in timely fashion, or or, where the Owner shall be required to file, the Operator shall prepare and deliver to the Owner within a reasonable time prior to the date for filing, any reports with respect to the condition or operation of the Facility that shall be required to be filed with any Governmental Authority.

Appears in 1 contract

Samples: Operating Agreement (Cogentrix Energy Inc)

AutoNDA by SimpleDocs

Condition and Operation. The Owner Lessor and its authorized representatives (the "Inspecting Parties") may inspect, as at its own expense, the Facility. After an Event of Default has occurred and is continuing, the Inspecting Parties may also inspect, at their expense, the books and records of the Operator Lessee relating to the Facility and make copies and abstracts therefrom. The Operator Lessee shall furnish to the Inspecting Parties statements accurate in all material respects regarding the condition and state of repair of the Facility, all at such times and as often as may be reasonably requested. None of the Inspecting Parties shall have any duty to make any such inspection or inquiry. To the extent permissible, the Operator Lessee shall prepare and file in timely fashion, or or, where the Owner Lessor shall be required to file, the Operator Lessee shall prepare and deliver to the Owner Lessor within a reasonable time prior to the date for filing, any reports with respect to the condition or operation of the Facility that shall be required to be filed with any Governmental Authority.

Appears in 1 contract

Samples: Lease Agreement (Ripe Touch Greenhouses Inc/)

Time is Money Join Law Insider Premium to draft better contracts faster.