Operations of Borrower. (a) Without limitation of any other provisions of this Agreement or any other Loan Document, Borrower hereby represents, warrants, covenants and agrees that it has not and shall not:
Operations of Borrower. Any breach of the provisions of Section 4.03 hereof shall occur which is not cured by Borrower within twenty (20) days after Lender gives Borrower notice thereof;
Operations of Borrower. All operations of Borrower have been carried on in ---------------------- accordance with all applicable laws, statutes, ordinances, rules and regulations, including, but not limited to, those relating to degradation of the environment. No investigation by any governmental authority, federal, state or local, is pending or threatened against Borrower.
Operations of Borrower. Borrower shall not make any material change in the scope or nature of its business objectives, purposes or operations, or undertake or participate in activities other than its present business and activities related or incidental thereto.
Operations of Borrower. Each Borrower has no employees and operates its business solely through services provided by Great American.
Operations of Borrower. Take any action, or omit to take any action, that would cause such Borrower not to be a Single Asset Entity.
Operations of Borrower. Without the prior written consent of Lender, Borrower shall not directly or indirectly, (a) sell, exchange, transfer or otherwise dispose of any of Borrower's property, except in the ordinary course of business; (b) buy, rent, lease or acquire, directly or indirectly, property from any Related Party or in which a Related Party has an interest, except in the ordinary course of business or as disclosed in the Financial Information as of date hereof; (c) sell, exchange, transfer, lease or otherwise dispose of all or any substantial part of its capital assets; (d) make any payments upon or transfer any assets in satisfaction, in whole or in part, of any indebtedness subordinated to the Indebtedness or any other indebtedness owing to Lender; (e) make or have outstanding any loan or advance to any individual or entity, including without limitation any Related Party, except as disclosed in the Financial Information as of the date hereof; or (f) purchase any security of any corporation or invest in the obligations of any individual or entity.
Operations of Borrower. Borrower has never been an employer (for the purposes of sections 38 – 51 of the Pensions Xxx 0000 (UK) or otherwise) of an occupational pension scheme which is not a money purchase scheme (as defined in the Pensions Schemes Act 1993 (UK)) or otherwise and has never been ‘connected’ with or an ‘associate’ (as those terms are used in the Pensions Xxx 0000 (UK)) or otherwise of such an employer.
Operations of Borrower. Borrower has not been affected by any fire, explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance), materially and adversely affecting such Collateral or the business or operations of Borrower.
Operations of Borrower. Take any action, or omit to take any action, that would cause such Borrower not to be a Special Purpose Entity.
