Sentence:  `` Emory could not continue to <WSD>operate</WSD> according to its present standards as an institution of higher learning , of true university grade , and meet its financial obligations , without the tax-exemption privileges which are available to it only so long as it conforms to the aforementioned constitutional and statutory provisions '' , the statement said . 
Meaning of the word marked with <WSD> tags:  perform as expected when applied