Maintenance of the Business. (a) Borrower will pay or discharge when due all taxes, including without limitation: (i) any taxes levied upon its revenues, profits or property, (ii) all federal, state and local taxes required to be withheld, and (iii) any lawful claims for labor, materials or supplies, which, if not paid, might by law become a lien against Borrower or its assets; (b) Borrower will obtain, if necessary, and maintain insurance with reputable insurers, in such amounts and against such risks as is usually carried by companies engaged in business similar to the business of Borrower; and (c) Borrower will preserve and maintain its corporate existence in the state where it is formed and obtain, if necessary, qualification in any other jurisdiction where the nature or character of Borrower’s activities require such qualification.
Maintenance of the Business. Buyer represents and warrants that from and after the execution of the letter of intent on August 4, 1999 to the present, the Buyer and each of its subsidiaries have operated their respective businesses consistently and substantially in accordance with the operation thereof prior to such date and from August 4, 1999 to the present there have been no material changes thereto.
Maintenance of the Business. Seller shall conduct the Business and use the Assets only in the ordinary course of business, consistent with past practices, which shall include compliance in all respects with all Laws, regulations and administrative orders of any federal, state or local governmental authority that are applicable to Seller with respect to the Assets or Business, with the intent of preserving the ongoing operations of the Assets and Business and which shall also include, without limitation, not selling, transferring or disposing of any assets or properties currently owned by Seller, as applicable, nor making any distributions of cash or other property to shareholders or incurring any indebtedness for borrowed money without Netplex's consent, other than accounts payable consistent with past practices.
Maintenance of the Business. The business of it and its Subsidiaries shall be conducted in the ordinary and usual course and, to the extent consistent therewith, it and its Subsidiaries shall use their respective commercially reasonable efforts to preserve its business organization intact and maintain its existing relations and goodwill with customers, suppliers, distributors, creditors, lessors, unions, employees and business associates in all material respects;
Maintenance of the Business. 9.1 You agree that the Business and all leasehold improvements, equipment, fixtures and furnishings within or attached to the exterior thereof shall be maintained in accordance with the Standards. Without limiting the generality of the foregoing, You shall at our direction replace or refurbish individual items of leasehold improvements, equipment, fixtures and furnishings in accordance with Oxbridge then-current designs and specifications; and shall maintain the Business and all of such property within or attached to the exterior thereof and any adjacent sidewalks in the highest degree of safety, cleanliness, orderliness and sanitation. You acknowledge and agree that the requirements of this Section are both reasonable and necessary to insure continued public acceptance and patronage of the System and to avoid deterioration or obsolescence of the Business.
Maintenance of the Business. The businesses of the Companies shall be conducted only in the Ordinary Course of Business and, to the extent consistent therewith, each Company shall use its commercially reasonable efforts to (i) preserve its business organization intact and maintain its material existing relations and goodwill with regulators, customers, suppliers, distributors, creditors, lessors, unions, employees and business associates (subject to prudent management of workforce needs and ongoing programs in effect on the date hereof); (ii) maintain and keep material properties and assets in substantially as good repair and condition as those properties and assets are in as of the date hereof (subject to ordinary wear and tear); (iii) maintain its existing cash management policies and manage its working capital in the Ordinary Course of Business and (iv) maintain in effect all existing governmental permits pursuant to which it operates, to the extent such permits continue to be necessary for the conduct of its business as presently conducted.
Maintenance of the Business. Except as otherwise agreed to in writing by the holders of a majority of the shares of Series B Stock, the Company shall (a) maintain its corporate existence; (b) maintain all of its assets in good condition in accordance with prudent business practices, ordinary wear and tear excepted; (c) hold Board of Directors meetings at least quarterly, either by telephone or in person; and (d) submit an annual operating plan to its Board of Directors for its approval at least one month prior to the beginning of each fiscal year.
Maintenance of the Business. During the period from the Agreement Date and continuing until the earlier of the termination of this Agreement or the Closing, the Company shall (except to the extent that Buyer shall otherwise consent in writing) operate the Business in a manner consistent with its present practice, shall pay its debts and Taxes when due and payable (subject to good faith disputes over such debts or Taxes), shall pay or perform other obligations when due and, to the extent consistent with such Business, use reasonable efforts consistent with its present practices and
Maintenance of the Business. From the Effective Date until the Closing, except as otherwise provided in this Agreement or consented to in writing by Buyer (which consent shall not be unreasonably withheld, conditioned or delayed), Seller shall (x) conduct the Business in the ordinary course of business consistent with past practice; and (y) use reasonable best efforts to maintain and preserve intact its current Business organization, operations and franchise and to preserve the rights, franchises, goodwill and relationships of its employees, customers, lenders, suppliers, regulators and others having relationships with the Business.
Maintenance of the Business. Prior to the Closing Date, Seller shall cause the Company and the Company Subsidiary to use commercially reasonable efforts to carry on their business, keep available the services of their respective officers and employees and preserve their existing relationships with Clients and Customers, service providers, suppliers, licensors, licensees and others having business relationships with the Company or the Company Subsidiary.
