Current Operations. To the best knowledge of the Company, there is no existing fact or circumstance that may have a material adverse effect on the ability of any Group Member to conduct its business as currently conducted or contemplated to be conducted.
Current Operations. 4.1. From the Effective Date until the Closing or earlier termination of this Agreement Seller shall not (i) enter into, modify, or terminate any lease, agreement and/or contract affecting the Property, or (ii) permit any Lease to terminate or be terminated, without Purchaser’s consent, which consent may be granted or denied in Purchaser’s sole discretion. No rents or deposits with respect to the Property are or on the Closing date will be held by Seller, except security deposits and prepaid rents for the current month. Seller represents and warrants that no commissions or other fees are payable to any person or entity on the rentals collected or to be collected under the Leases.
Current Operations. Other than with respect to either Environmental Legacy Liabilities or exceptions that could not reasonably be expected to either (x) result in liability in excess of $20,000,000 or (y) individually or in the aggregate, have a Material Adverse Effect:
Current Operations. To the best knowledge of Issuer Parties, there is no existing fact or circumstance that may have a material adverse effect on the ability of any Group Member to conduct its business as currently conducted or contemplated to be conducted.
Current Operations. Seller has all requisite power and authority and all agreements, contracts, commitments, leases, certificates, licenses, permits, regulatory authorizations and other instruments required to conduct the business of the System as it has been and is now being conducted and to own and operate the System.
Current Operations. After Buyer's right to terminate under Paragraph 8 expires, Seller may not enter into, amend, or terminate any other contract that affects the operations of the Property without Buyer's prior written approval. Seller will continue to operate the Property in its normal course of business, including routine maintenance, payment of insurance premiums, and other day-to-day obligations.
Current Operations. Spectral is a technology company that currently operates a number of Internet based media search engines. While Spectral believes it can acquire the necessary management expertise to develop the Mineral Properties, it does not currently have such expertise. Spectral is not currently deriving enough revenue from its internet search engines to be able to provide any financing for the Mineral Properties.
Current Operations. If Buyer has timely delivered to Seller its Notice of Approval under Section 7.3, Seller may not thereafter enter into, amend, or terminate any lease or other agreement that affects the operations of the Property without Buyer's prior written approval. Seller will continue to operate the Property in its normal course of business, including routine maintenance, payment of insurance premiums, and other day-to-day obligations.
Current Operations. Each of the Companies has since July 1st, 1998, been managed in the ordinary course of business and "en bon pere de famille" and none of the Companies has made any material change in the conduct of its business or operations, nor entered into any transaction other than in the ordinary course of business consistent with past practices. Except as set forth in Schedule 5.6 hereto, since July 1st, 1998 each of the Companies have fully respected the covenants set forth in Section 4.1, as if Section 4.1 applied as from July 1, 1998.
