Common use of Books and Records; Maintenance of Properties Clause in Contracts

Books and Records; Maintenance of Properties. Each Borrower will keep and maintain satisfactory and adequate books and records of account in accordance with GAAP. Each Borrower will also keep, maintain and preserve all of its property and assets in good order and repair (ordinary wear and tear excepted).

Appears in 6 contracts

Samples: Credit Agreement (Hearx LTD), Credit Facility Agreement (MCG Finance Corp), Credit Facility Agreement (Talk Com)

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Books and Records; Maintenance of Properties. Each Borrower and each of its Subsidiaries will keep and maintain satisfactory and adequate books and records of account in accordance with GAAP. Each Borrower and each of its Subsidiaries will also keep, maintain and preserve all of its property and assets in good order and repair (ordinary wear and tear excepted).

Appears in 2 contracts

Samples: Credit Agreement (Integrity Inc), Credit Agreement (Integrity Media Inc)

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Books and Records; Maintenance of Properties. Each Borrower will keep and maintain satisfactory and adequate books and records of account account, which (to the extent applicable) shall be maintained in accordance with GAAP. Each Borrower will also keep, maintain and preserve all of its property and assets in good order and repair (ordinary wear and tear exceptedexcepted and except to the extent such property has become obsolete and has been replaced).

Appears in 1 contract

Samples: Credit Facility Agreement (Talk Com)

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