Operations and Properties. Borrower shall, and shall cause each of its Subsidiaries to, act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall, and shall cause each of its Subsidiaries to, keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which are necessary to the conduct of its business.
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Samples: Loan Agreement (Digital Recorders Inc), Convertible Loan Agreement (Obsidian Enterprises Inc), Convertible Loan Agreement (Freepcsquote Com)
Operations and Properties. Borrower shall, and shall cause each of its Subsidiaries tosubsidiaries, if any, to act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall, and shall cause each of its Subsidiaries tosubsidiaries, if any, to keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which are necessary to the conduct of its business.
Appears in 3 contracts
Samples: Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc)
Operations and Properties. The Borrower shall, and shall cause each of its Subsidiaries to, (a) act prudently and in accordance with customary industry standards in managing or and operating its assets, assets and properties, business and investments. Borrower shall, and shall cause each of its Subsidiaries to, (b) keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which are necessary to the conduct of its business.
Appears in 3 contracts
Samples: Credit Agreement (Tandy Brands Accessories Inc), Credit Agreement (Tandy Brands Accessories Inc), Credit Agreement (Tandy Brands Accessories Inc)
Operations and Properties. Borrower shall, and shall cause each of its Subsidiaries to, (a) act prudently and in accordance with customary industry standards in managing or and operating its assets, assets and properties, business and investments. Borrower shall, and shall cause each of its Subsidiaries to, (b) keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which are necessary to the conduct of its business.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Tandy Brands Accessories Inc), Revolving Credit and Term Loan Agreement (Tandy Brands Accessories Inc)
Operations and Properties. (a) Borrower shall, and shall cause each of its Subsidiaries (if any) to, act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall, and shall cause each of its Subsidiaries (if any) to, keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which are necessary to the conduct of its business.
Appears in 1 contract
Samples: Convertible Loan Agreement (Integrated Security Systems Inc)
Operations and Properties. Borrower shall, and shall cause each of its Subsidiaries Subsidiaries, if any to, act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall, shall and shall cause each of its Subsidiaries Subsidiaries, if any, to, keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which are necessary to the conduct of its business.
Appears in 1 contract
Samples: Convertible Debenture Loan Agreement (Packaging Research Corp)
Operations and Properties. Borrower shall, and shall cause each of its Subsidiaries Subsidianes, if any, to, act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall, and shall cause each of its Subsidiaries Subsidiaries, if any, to, keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which are necessary to the conduct of its business.
Appears in 1 contract
Samples: Convertible Debenture Loan Agreement (Contour Medical Inc)
Operations and Properties. Borrower shall, and shall cause each of its Subsidiaries to, act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall, and shall cause each of its Subsidiaries to, keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which are necessary to the conduct of its business.. Agreement (Continued) --------------------------------------------------------------------------------
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Operations and Properties. Borrower shall, and shall cause each of its Subsidiaries (if any) to, act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall, and shall cause each of its Subsidiaries (if any) to, keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which are necessary to the conduct of its business.
Appears in 1 contract
Operations and Properties. (a) Borrower shall, and shall cause each of its Subsidiaries Subsidiaries, if any to, act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall, shall and shall cause each of its Subsidiaries Subsidiaries, if any, to, keep in good working order and condition, ordinary wear and tear excepted, all of its material assets and properties which are necessary to the conduct of its business.
Appears in 1 contract
Operations and Properties. (a) Borrower shall, and shall cause each of its Subsidiaries to, act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall, and shall cause each of its Subsidiaries to, keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which are necessary to the conduct of its business.
(b) Borrower shall diligently pursue the Drilling Program.
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