Business and Operations Sample Clauses

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.
Business and Operations. Borrower shall and shall cause each other Loan Party to, directly or through the Manager or subcontractors of the Manager (subject to Section 4.2.1), continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, sale, management, leasing and operation of the Properties. Borrower shall and shall cause each other Loan Party to 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 Properties, except to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect. Borrower or a Borrower TRS, as applicable, shall, at all times during the term of the Loan, continue to own or lease all equipment, fixtures and personal property which are necessary to operate the Properties.
Business and Operations. Mezzanine Borrower shall continue to and shall cause each Senior Mezzanine Borrower and Mortgage Borrower to continue to engage in the businesses presently conducted by each of them as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property and the Collateral, as applicable. Mezzanine Borrower shall and shall cause each Senior Mezzanine Borrower and Mortgage Borrower to, qualify to do business and shall remain in good standing under the laws of all applicable jurisdictions as and to the extent required for the Mortgage Borrower’s ownership, maintenance, management and operation of the Property and, as applicable, the Mezzanine Borrower’s ownership of the Collateral.
Business and Operations. Borrower shall 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 each Individual Property. Borrower shall qualify to do business and shall remain in good standing in the jurisdiction in which each Individual Property is located and the jurisdiction of its formation. Borrower shall at all times during the term of the Loan, continue to own all of Equipment, Fixtures and Personal Property which are necessary to operate each Individual Property in the manner required hereunder and in the manner in which it is currently operated.
Business and Operations. Borrower and Leasehold Pledgor will continue (and cause Owner and Operating Lessee to 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 each Individual Property. Borrower and Leasehold Pledgor will, and will cause Owner and Operating Lessee to, qualify to do business and 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 each Individual Property and the Collateral.
Business and Operations. (a) Borrower will qualify to do business and will remain in good standing under the laws of the State as and to the extent the same are required for the ownership, maintenance, management and operation of the Pledged Company Interests and the Collateral. Borrower shall not enter into any line of business other than the ownership of the Pledged Company Interests and the Collateral, or make any material change in the scope or nature of its business objectives, purposes or operations, or undertake or participate in activities other than the continuance of its present business.
Business and Operations. Engage in any (i) business or operations other than the ownership, financing, leasing and sale of Eligible Aircraft and Eligible Engines or the ownership of a Borrower, a Guarantor or Eligible Intermediary engaged in such business or operations, or matters reasonably incidental thereto, or the performance of the Loan Documents, provided, however, that, except as otherwise provided in Section 2.1(a), no Borrower that owns or is the Applicable Borrower with respect to any Aircraft or Engine may own or be the Applicable Borrower with respect to any other Aircraft or Engine and (ii) business in Bermuda or Ireland other than the performance of its obligations under the Loan Documents; and
Business and Operations. Borrowers will continue, and will cause each Loan Party to 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 First Mezzanine Collateral, the Second Mezzanine Collateral, the Collateral, the Properties or the IP, as applicable. Each Borrower will qualify, and will cause each other Loan Party to qualify, to do business and will remain, and will cause each other Loan Party to 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 First Mezzanine Collateral, the Second Mezzanine Collateral, the Collateral, the Properties or the IP, as applicable.
Business and Operations. Its business and operations and locations of its business and operations are accurately described in Schedule C.