Common use of Operating Covenant Clause in Contracts

Operating Covenant. Tenant will, except when prevented from so doing by Force Majeure or by other causes beyond its reasonable control and subject to the provisions of Article 16 and Article 17 during Tenant’s Operating Period, operate or cause to be operated for the Permitted Use (as defined below) in accordance with the terms of this Article 8 (such covenant being herein called “Tenant’s Operating Covenant”).

Appears in 2 contracts

Sources: Option Agreement (Peak Resorts Inc), Restructure Agreement (Peak Resorts Inc)