Common use of Operating Practices Clause in Contracts

Operating Practices. Each Loan Party shall operate its business in a manner that is consistent with the policies and procedures approved by the board of directors of General Partner and in effect on, and delivered to Administrative Agent and Lenders prior to, the date hereof, and revisions thereto referred to in the following sentence. Borrower shall review such policies and procedures at least annually, and shall promptly recommend to the board of directors of General Partner such revisions to such policies and procedures as may be recommended by Loan Parties' or, upon consultation with Borrower and its consultants and at the request of Administrative Agent, Administrative Agent's third party consultants, with respect to adequate internal controls, and Borrower shall promptly provide a report to Lenders regarding such policies and procedures, including such policies and procedures which the board of directors of General Partner could adopt and has adopted.

Operating Practices. Each Loan Party shall operate Operate its business in a manner that is consistent with the policies and procedures approved by the board of directors management committee of General Partner and in effect on, and delivered to Administrative Agent and Lenders prior to, the date hereof, and revisions thereto referred to in the following sentence. The Borrower shall review such policies and procedures at least annually, and shall promptly recommend to the board of directors management committee of General Partner such revisions to such policies and procedures as may be recommended by Loan Parties' ’ or, upon consultation with the Borrower and its their consultants and at the request of Administrative Agent, Administrative Agent's ’s third party consultants, with respect to adequate internal controls, and the Borrower shall promptly provide a report to Lenders regarding such policies and procedures, including any revisions to such policies and procedures which the board of directors have either been adopted by management committee of General Partner could adopt and has or which have been recommended but not adopted.