Common use of Operations and Properties Clause in Contracts

Operations and Properties. Borrower shall act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall 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: Convertible Loan Agreement (Caminosoft Corp), Convertible Loan Agreement (Caminosoft Corp), Loan and Security Agreement (King Pharmaceuticals Inc)

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Operations and Properties. Borrower shall Borrowers will act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall ; Borrowers will keep in good working order and condition, ordinary wear and tear excepted, all of its their respective assets and properties which are necessary to the conduct of its businessbusiness except for worn out or obsolete assets which have been replaced.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Americredit Corp), Revolving Credit Agreement (Americredit Corp), Revolving Credit Agreement (Americredit Corp)

Operations and Properties. Each Borrower shall act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business business, and investments. Each Borrower shall keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which that are necessary to the conduct of its business.

Appears in 2 contracts

Samples: Revolving Credit Agreement (MSD Investment Corp.), Revolving Credit Agreement (MSD Investment Corp.)

Operations and Properties. Such Borrower shall act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business business, and investments. Such Borrower shall 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: Revolving Credit Agreement (NMF SLF I, Inc.)

Operations and Properties. The Borrower shall act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business business, and investments. The Borrower shall keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which that are necessary to the conduct of its business.

Appears in 1 contract

Samples: Revolving Credit Agreement (Clarion Partners Real Estate Income Fund Inc.)

Operations and Properties. The Borrower shall will act prudently and in accordance with customary industry standards in managing or operating its the assets, properties, business and investmentsinvestments of the Borrower. The Borrower shall will 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: Credit and Reimbursement Agreement (Heico Corp)

Operations and Properties. The Borrower shall will act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. ; Borrower shall will 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: Loan Agreement (U S Global Investors Inc)

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Operations and Properties. Borrower shall will act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business business, and investments. investments so as not to incur a Material Adverse Effect; Borrower shall will 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 businesstheir business so as not to incur a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Municipal Mortgage & Equity LLC)

Operations and Properties. Borrower shall will act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall will 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, including without limitation all wellx xxx equipment necessary or useful in the operation of the Mineral Interests.

Appears in 1 contract

Samples: Secured Revolving Credit Loan Agreement (Remington Oil & Gas Corp)

Operations and Properties. Borrower shall will act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. ; Borrower shall will keep in good working order and condition, ordinary wear and tear excepted, all of its their respective assets and properties which are necessary to the conduct of its business.

Appears in 1 contract

Samples: Guaranty Agreement (Pier 1 Imports Inc/De)

Operations and Properties. The Borrower shall act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. The Borrower shall 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: Credit Agreement (Metro Information Services Inc)

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