Common use of Maintenance and Performance of Contracts Clause in Contracts

Maintenance and Performance of Contracts. The Borrower shall at all times maintain and perform all material contracts, licenses, permits, and other agreements applicable to its business and operations and provide timely notice to the Lender of any default by the Borrower or any third party under any of such contracts, licenses, permits or agreements.

Appears in 2 contracts

Samples: Credit Agreement (Pacific Office Properties Trust, Inc.), Credit Agreement (Cyanotech Corp)

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Maintenance and Performance of Contracts. The Borrower shall at all times maintain and perform all material contracts, licenses, permits, and other agreements applicable to its business and operations and provide timely notice to the Lender of the expiration of any such contracts, licenses, permits or agreements, and of any default by the Borrower or any third party under any of such contracts, licenses, permits or agreements.

Appears in 1 contract

Samples: Loan Agreement (U S Restaurant Properties Inc)

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Maintenance and Performance of Contracts. The Borrower shall at all times maintain and perform all material contracts, licenses, permits, and other agreements applicable to its business and operations and provide timely notice to the Lender of the expiration of any such contracts, licenses, permits or agreements applicable to the Mortgaged Property, and of any default by the Borrower or any third party under any of such contracts, licenses, permits or agreementsagreements applicable to the Mortgaged Property.

Appears in 1 contract

Samples: Loan Agreement (Maui Land & Pineapple Co Inc)

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