Maintenance and Operation of the Facilities Sample Clauses

Maintenance and Operation of the Facilities. The Company agrees that during the Loan Term it will keep the Facilities including all appurtenances thereto in good repair and good operating condition at its own cost. The Company has represented in Section 2.3(j) its intention with respect to the operation of the Facilities; provided, however, the Company shall not be under any obligation to operate the Facilities if, in the judgment of the Company, such operation is not in the best interest of the Company. The Company shall have the privilege of remodeling the Facilities or making additions, modifications, substitutions and improvements to the Facilities from time to time as it, in its sole discretion, may deem to be desirable for its uses and purposes, provided that such remodeling, additions, modifications, substitutions and improvements, when constructed do not materially adversely affect the character of the Facilities as an industrial facility, or cause the Facilities to cease to be a "project" within the meaning of the Act, or cause the Facilities to constitute a prohibited facility with the meaning of Section 103(b) of the Code. The cost of such remodeling, additions, modifications, substitutions and improvements shall be paid by the Company or, to the extent permitted by this Agreement and the Indenture, from the Construction Fund. The Company may remove and dispose of any items included as Facilities which the Company determines have become inadequate, obsolete, worn out, unsuitable, undesirable or unnecessary, provided that any such removal will not materially impair the character of the Facilities as an industrial facility, or cause the Facilities to cease to be a "project" within the meaning of the Act, or cause the Facilities to constitute a prohibited facility within the meaning of Section 103(b) of the Code. In the event any such removal causes damage to the remaining Facilities, the Company shall restore the same or repair such damage. The Company may from time to time, in its sole discretion, and at its own expense, install additional property in conjunction with the Facilities. Such property may be modified or removed at any time, provided that such modification or removal will not materially adversely affect the character of the Facilities as an industrial facility, or cause the Facilities to cease to be a "project" within the meaning of the Act, or cause the Facilities to constitute a prohibited facility with the meaning of Section 103(b) of the Code.
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Maintenance and Operation of the Facilities. The Corporation shall operate and maintain the Facilities in accordance with all governmental laws, ordinances, approvals, rules, regulations and requirements including, without limitation, such zoning, sanitary, pollution and safety ordinances and laws and such rules and regulations thereunder as may be binding upon the Corporation. The Corporation shall maintain and operate the Facilities and all engines, boilers, pumps, machinery, apparatus, fixtures, fittings and equipment of any kind in or that shall be placed in any building or structure now or hereafter at any time constituting part of the Facilities in good repair, working order and condition, and the Corporation shall from time to time make or cause to be made all needful and proper replacements, repairs, renewals and improvements; in each case to the extent necessary so that the efficiency and value of the Facilities shall not be impaired.
Sample 1
Maintenance and Operation of the Facilities. The Company agrees that it will commence operation of the Facilities as portions thereof become available for utilization, and during the Loan Term it will keep the Facilities including all appurtenances thereto in good repair and good operating condition at its own cost. The Company shall have the privilege of remodeling the Facilities or making additions, modifications, substitutions and improvements to the Facilities from time to time as it, in its sole discretion, may deem to be desirable for its uses and purposes, provided that such remodeling, additions, modifications, substitutions and improvements, when constructed do not materially impair the character of the Facilities as an industrial facility. The cost of such remodeling, additions, modifications, substitutions and improvements shall be paid by the Company or, to the extent permitted by this Agreement and the Indenture, from the Construction Fund or from the proceeds of Additional Bonds. 31 The Company may remove and dispose of any items included as Facilities which the Company determines have become inadequate, obsolete, worn out, unsuitable, undesirable or unnecessary, provided that any such removal will not materially impair the character of the Facilities as an industrial facility. In the event any such removal causes damage to the remaining Facilities, the Company shall restore the same or repair such damage. The Company may from time to time, in its sole discretion, and at its own expense, install additional property in conjunction with the Facilities. Such property may be modified or removed at any time provided that such modification or removal will not materially adversely affect the character of the Facilities as an industrial facility.
Sample 1

Related to Maintenance and Operation of the Facilities

  • Maintenance and Operation Member-Generator agrees to maintain their system and facilities in accordance with applicable manufacturer's recommended maintenance schedule and standard prudent engineering practices. Member-Generator covenants and agrees to operate their system, facilities and equipment so as to minimize the likelihood for a malfunction or other disturbance, damaging or otherwise affecting or impairing Cooperative’s electrical system. Member-Generator shall comply with all applicable laws, regulations, zoning, building codes, safety rules and other environmental regulations or restrictions applicable to the design, installation, operation and maintenance of the Member-Generator's System. Member-Generator must, at least once every year, conduct a test to confirm that Member-Generator’s System automatically ceases to energize the output (interconnection equipment output voltage goes to zero) within two (2) seconds of being disconnected from Cooperative’s electrical system. Disconnecting the Member-Generator’s System from Cooperative’s electrical system at the visible disconnect switch and measuring the time required for the unit to cease to energize the output shall satisfy this test. Member-Generator shall maintain a record of the results of these tests and, upon request by Cooperative, shall provide a copy of the test results to Cooperative. If Member-Generator is unable to provide a copy of the test results upon request, Cooperative shall notify Member- Generator by mail that Member-Generator has thirty (30) days from the date Member-Generator receives the request to provide Cooperative with the results of a test. If Member-Generator does not provide Cooperative with the test results within the thirty (30) day time period or if the test results provided to Cooperative show that Member-Generator’s net metering unit is not functioning correctly, Cooperative may immediately disconnect Member-Generator’s System from Cooperative’s electrical system. If Member-Generator’s equipment ever fails this test, Member-Generator shall immediately disconnect Member-Generator’s System from Cooperative's electrical system. Member-Generator’s System shall not be reconnected to Cooperative's electrical system by the Member-Generator until Member-Generator’s System is repaired and operating in a normal and safe manner. Cooperative shall have the right to have a representative present and informed when any such tests are conducted. Cooperative does not warrant the testing procedures or results by the presence of its representative. Member-Generator is responsible for protecting their equipment from transient high voltage spikes caused by lightning and/or transient low voltage conditions caused by faults or short circuits, and from any other causes or events. Therefore, Cooperative shall not be responsible for damage to Member-Generator’s equipment allegedly caused by transient high voltage spikes caused by lightning and/or transient low voltage conditions caused by faults or short circuits or other causes or events. Member-Generator agrees to notify Cooperative no less than thirty (30) days prior to modification of the components or design of the Member-Generator’s System that in any way may degrade or significantly alter the System’s output characteristics. Member-Generator acknowledges that any such modifications will require submission of a new Application and Agreement to Cooperative.

  • Use and Operation 3.1 Permitted Use ......................................................................................................

  • Management and Operation of Business 37 6.1 Management...................................................................................37 6.2 Certificate of Limited Partnership...........................................................38 6.3 Restrictions on General Partner's Authority..................................................38 6.4 Reimbursement of the General Partner.........................................................39 6.5

  • Management and Operations of Business 30 Section 7.1 Management .............................................................. 30 Section 7.2 Certificate of Limited Partnership ...................................... 34 Section 7.3 Restrictions on General Partner's Authority ............................. 34 (i) 3 Section 7.4 Reimbursement of the Crescent Group ..................................... 35 Section 7.5 Outside Activities of the Crescent Group ................................ 35 Section 7.6 Contracts with Affiliates ............................................... 36 Section 7.7 Indemnification ......................................................... 36 Section 7.8 Liability of the General Partner ........................................ 39 Section 7.9 Other Matters Concerning the General Partner ............................ 39 Section 7.10 Title to Partnership Assets ............................................ 40 Section 7.11 Reliance by Third Parties .............................................. 40 Section 7.12 Limited Partner Representatives ........................................ 41

  • Management and Operations 15.1 The Operator shall prepare an annual work programme and budget for each Calendar Year during the term of this Agreement. Each such work programme and budget shall set out in reasonable details, the work to be carried out, facilities to be purchased or created, training and employment programme, establishment, salaries and wages, social welfare schemes to be undertaken, and an estimate of the Expenditure to be incurred. The Operator shall present such work programme and budget to the Government and the Working Interest Owners before the start of each Calendar Year and thereafter provide a quarterly update on the implementation of such work programme and budget.

  • Maintaining Records; Access to Properties and Inspections; Maintenance of Ratings (a) Keep proper books of record and account in which full, true and correct entries in conformity with GAAP and all requirements of law are made of all dealings and transactions in relation to its business and activities. Each Loan Party will, and will cause each of its subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender to visit and inspect the financial records and the properties of such Person at reasonable times and as often as reasonably requested and to make extracts from and copies of such financial records, and permit any representatives designated by the Administrative Agent or any Lender to discuss the affairs, finances and condition of such Person with the officers thereof and independent accountants therefor.

  • Business and Operations Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.

  • Repairs; Maintenance and Compliance Borrower shall at all times maintain, preserve and protect all franchises and trade names, and Borrower shall cause the Property to be maintained in a good and safe condition and repair and shall not remove, demolish or alter the Improvements or Equipment (except for alterations performed in accordance with Section 5.4.2 below and normal replacement of Equipment with Equipment of equivalent value and functionality). Borrower shall promptly comply with all Legal Requirements and immediately cure properly any violation of a Legal Requirement. Borrower shall notify Lender in writing within two (2) Business Days after Borrower first receives notice of any such non-compliance. Borrower shall promptly repair, replace or rebuild any part of the Property that becomes damaged, worn or dilapidated and shall complete and pay for any Improvements at any time in the process of construction or repair.

  • Communications and Operations Management a. Network Penetration Testing - Transfer Agent shall, on approximately an annual basis, contract with an independent third party to conduct a network penetration test on its network having access to or holding or containing Fund Data. Transfer Agent shall have a process to review and evaluate high risk findings resulting from this testing.

  • Working Facilities During the Term of Employment, the Company shall furnish the Executive with an office, secretarial help and such other facilities and services suitable to his position and adequate for the performance of his duties hereunder.

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