Operation Covenant Sample Clauses

Operation Covenant. Finisar shall operate the Facility in accordance with prudent industry standards and applicable law.
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Operation Covenant. XX Xxxx shall operate the Facility in accordance with prudent industry standards and applicable law.
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Operation Covenant. (a) The Buyer shall within 12 months of the Closing Date (i) form the Engineered Components Division, consisting of the operations of the Seller's Engineered Fasteners Division in its Massillon Facility, Brunswick Facility and Hamixxxx Xxxility, together with the Buyer's operations at The Palnut Company ("Palnut"), under the direction of those senior managers of the Engineered Fasteners Division who execute employment agreements with a Buyer Subsidiary on or prior to the Closing Date and who do not thereafter terminate their respective employment agreements of their own accord at any time after the Closing or are terminated for cause under those agreements (the "Existing Management Team"), and reporting to the President of the Domestic Industrial Products Group of the Buyer and (ii) consolidate the operations of the respective sales offices located in Southfield, Michigan of Palnut and the Engineered Fasteners Division. Thereafter during the period expiring on the third anniversary of the Closing Date, the Buyer shall implement and/or maintain (A) the Engineered Components Division with headquarters at the Brunswick Facility, managed by the Existing Management Team and reporting to the President of the Domestic Industrial Products Group of the Buyer, (B) the consolidated Southfield, Michigan sales office, (C) the consolidation of accounts receivable, customer service, sales and marketing activities for the facilities of the Engineered Fasteners Division and Palnut into the Brunswick Facility, (D) operation of the facilities at the present locations in Massillon, Brunswick and Hamixxxx xxx (E) employment levels substantially consistent with operations as they existed on the Closing Date at the facilities identified in the preceding clause (D).
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Operation Covenant. TI shall operate the Facility in accordance with prudent industry standards and applicable law.
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Operation Covenant. West Xxxxx Solar shall operate the Facility in accordance with prudent industry standards and applicable law.
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Related to Operation Covenant

  • Information Covenants The Borrower will furnish to the Administrative Agent (which shall promptly make such information available to the Lenders in accordance with its customary practice):

  • Financial Condition Covenant Permit the Asset Coverage Ratio to be less than the Minimum Permitted Ratio; or in each case allow Indebtedness of the Borrower to exceed the limits set forth in the Borrower’s Prospectus or registration statement or allow Indebtedness to exceed the requirements of the 1940 Act.

  • Financial Condition Covenants 51 7.2 Indebtedness.................................................... 52 7.3 Liens........................................................... 53 7.4

  • Operating Covenants The Issuer covenants with the Indenture Trustee as follows, provided that any of the following covenants with respect to the Portfolio Railcars shall not be deemed to have been breached by virtue of any act or omission of a Lessee or sub-lessee, or of any Person which has possession of a Portfolio Railcar for the purpose of repairs, maintenance, modification or storage, or by virtue of any requisition, seizure, or confiscation of a Portfolio Railcar (other than seizure or confiscation arising from a breach by the Issuer of such covenant) (each, a “Third Party Event”), so long as (i) none of the Issuer, the Servicer or the Administrator has consented to such Third Party Event; and (ii) the Issuer (or the Servicer on its behalf) as the Lessor of such Portfolio Railcar promptly and diligently takes such commercially reasonable actions as a leading railcar operating lessor would reasonably take in respect of such Third Party Event, including, as deemed appropriate (taking into account, among other things, the laws of the jurisdiction in which such Portfolio Railcar is located or operated), seeking to compel such Lessee or other relevant Person to remedy such Third Party Event or seeking to repossess the relevant Portfolio Railcar:

  • Nonpetition Covenant Each party hereto agrees that, prior to the date which is one year and one day after payment in full of all obligations of each Bankruptcy Remote Party in respect of all securities issued by any Bankruptcy Remote Party (i) such party hereto shall not authorize any Bankruptcy Remote Party to commence a voluntary winding-up or other voluntary case or other Proceeding seeking liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect in any jurisdiction or seeking the appointment of an administrator, a trustee, receiver, liquidator, custodian or other similar official with respect to such Bankruptcy Remote Party or any substantial part of its property or to consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other Proceeding commenced against such Bankruptcy Remote Party, or to make a general assignment for the benefit of its creditors generally, any party hereto or any other creditor of such Bankruptcy Remote Party, and (ii) such party shall not commence, join with any other Person in commencing or institute with any other Person, any Proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or statute now or hereafter in effect in any jurisdiction. This Section shall survive the termination of this Agreement.

  • Noncompetition Covenant (a) The Executive acknowledges and agrees that he will receive significant and substantial benefits from his employment with the Company under this Agreement, including the remuneration, compensation and other consideration inuring to his benefit hereunder, as well as introductions to, personal experience with, training in and knowledge of the Company and its Affiliates, the industries in which they engage, and third parties with whom they conduct business. Accordingly, in consideration of the foregoing, and to induce the Company to employ and continue to employ the Executive hereunder and provide such benefits to the Executive (in each case subject to the terms and conditions of this Agreement and the applicable employment policies of the Company and its Affiliates), the Executive agrees that he will not during the period beginning on the Commencement Date and ending twelve (12) months after the effective date of the termination of the Executive’s employment with the Company and its Affiliates (the “Non-Competition Period”) for any reason:

  • Insurance Covenants Lessee will:

  • Interim Covenants During the period from the date of this Agreement and continuing until the Closing, the Seller and the Stockholders each agree (except as expressly contemplated by this Agreement or to the extent that Buyer shall otherwise consents in writing) that:

  • Interim Operating Covenants Seller covenants to Purchaser that Seller will:

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