Common use of Condition and Maintenance of Equipment Clause in Contracts

Condition and Maintenance of Equipment. The Equipment of such Grantor is in good repair, working order and condition, reasonable wear and tear excepted. Each Grantor shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable wear and tear excepted, and shall as quickly as commercially practicable make or cause to be made all repairs, replacements and other improvements which are necessary or appropriate in the conduct of such Grantor’s business, except where the failure to make such repairs, replacements or improvements would not have a Collateral Material Adverse Effect.

Appears in 7 contracts

Samples: Pledge Agreement (Crown Holdings Inc), Security Agreement (Constar International Inc), Security Agreement (Crown Holdings Inc)

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Condition and Maintenance of Equipment. The Equipment of such Grantor is in good repair, working order and condition, reasonable wear and tear excepted. Each Grantor shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable wear and tear excepted, and shall as quickly as commercially practicable reasonable make or cause to be made all repairs, replacements and other improvements which are necessary or appropriate in the conduct of such Grantor’s business, except where the failure to make such repairs, replacements or improvements would not have a Collateral Material Adverse Effect.

Appears in 6 contracts

Samples: Security Agreement (Kirkland's, Inc), Security Agreement (Hancock Fabrics Inc), Security Agreement (Abercrombie & Fitch Co /De/)

Condition and Maintenance of Equipment. The Equipment of such Grantor is in good repair, working order and condition, reasonable wear and tear excepted. Each Grantor shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable wear and tear excepted, and shall as quickly as commercially practicable reasonable make or cause to be made all repairs, repairs or replacements and other improvements which are necessary or appropriate in the conduct of such Grantor’s business, except where the failure to make such repairs, replacements or improvements would not have a Collateral Material Adverse Effect.

Appears in 5 contracts

Samples: Security Agreement (Pacific Sunwear of California Inc), Security Agreement (Pacific Sunwear of California Inc), Security Agreement (Pacific Sunwear of California Inc)

Condition and Maintenance of Equipment. The Equipment of such Grantor is in good repair, working order and condition, reasonable wear and tear excepted. Each Grantor shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable wear and tear excepted, and shall as quickly as commercially practicable make or cause to be made all repairs, replacements and other improvements which are reasonably necessary or appropriate in the conduct of such Grantor’s business, except where the failure to make such repairs, replacements or improvements would not have a Collateral Material Adverse Effectbusiness in its business judgment.

Appears in 4 contracts

Samples: Security Agreement (FDO Holdings, Inc.), Security Agreement (FDO Holdings, Inc.), Term Loan Security Agreement (FDO Holdings, Inc.)

Condition and Maintenance of Equipment. The Equipment of such Grantor is in good repair, working order and condition, reasonable wear and tear exceptedexcepted in accordance with such Grantor's past practices. Each Grantor shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable wear and tear excepted, in accordance with such Grantor's past practices, and shall as quickly as commercially practicable make or cause to be made all repairs, replacements and other improvements which are necessary or appropriate in the conduct of such Grantor’s 's business, except where the failure to make such repairs, replacements or improvements would not have a Collateral Material Adverse Effect.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Business Sound Inc), Credit Agreement (Business Sound Inc)

Condition and Maintenance of Equipment. The Equipment of such Grantor is in good repair, working order and condition, reasonable wear and tear excepted. Each Grantor shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable ordinary wear and tear excepted, and shall as quickly as commercially practicable make or cause to be made all repairs, necessary repairs thereto and renewals and replacements and other improvements which are necessary or appropriate in the conduct of such Grantor’s business, thereof except where the failure to make such repairs, replacements or improvements would do so could not reasonably be expected to have a Collateral Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Bluefly Inc)

Condition and Maintenance of Equipment. The Equipment of such the Grantor is in good repair, working order and condition, reasonable wear and tear excepted. Each The Grantor shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable wear and tear excepted, and shall as quickly as commercially practicable reasonable make or cause to be made all repairs, replacements and other improvements which are necessary or appropriate in the conduct of such the Grantor’s business, except where the failure to make such repairs, replacements or improvements would not have a Collateral Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Bluefly Inc)

Condition and Maintenance of Equipment. The Equipment of such Grantor is in good repair, working order and condition, reasonable wear and tear excepted. Each Grantor shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable wear and tear excepted, and shall as quickly as commercially practicable make or cause to be made all repairs, replacements and other improvements which are necessary or appropriate in the conduct of such Grantor’s business, except where the failure to make such repairs, replacements or improvements would not have a Collateral Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Five Below, Inc)

Condition and Maintenance of Equipment. The Equipment of such Grantor is in good repair, working order and condition, reasonable wear and tear excepted. Each Except as determined by such Grantor's commercially reasonable business judgment, each Grantor shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable wear and tear excepted, and shall as quickly as commercially reasonably practicable make or cause to be made all repairs, replacements and other improvements which are necessary or appropriate in the conduct of such Grantor’s 's business, except where the failure to make such repairs, replacements or improvements would not have a Collateral Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Polymer Group Inc)

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Condition and Maintenance of Equipment. The Equipment of such Grantor is in good repair, working order and condition, reasonable wear and tear excepted. Each Grantor shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable wear and tear excepted, and shall as quickly as commercially practicable reasonable make or cause to be made all repairs, replacements and other improvements which are necessary or appropriate in the conduct of such Grantor’s business, except where the failure to make business as determined by such repairs, replacements or improvements would not have a Collateral Material Adverse EffectGrantors.

Appears in 1 contract

Samples: Security Agreement (Kid Brands, Inc)

Condition and Maintenance of Equipment. The Equipment of such Grantor is in good repair, working order and condition, reasonable wear and tear tear, casualty and condemnation excepted. Each Except as determined by such Grantor’s commercially reasonable business judgment, each Grantor shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable wear and tear excepted, and shall as quickly as commercially reasonably practicable make or cause to be made all repairs, replacements and other improvements which are necessary or appropriate in the conduct of such Grantor’s business, except where the failure to make such repairs, replacements or improvements would not have a Collateral Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Polymer Group Inc)

Condition and Maintenance of Equipment. The Equipment of such Grantor is in good repair, working order and condition, reasonable wear and tear excepted. Each Grantor shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable wear and tear excepted, and shall as quickly as commercially practicable make or cause to be made all repairs, replacements and other improvements which are necessary or appropriate in accordance with the conduct provisions of such Grantor’s business, except where the failure to make such repairs, replacements or improvements would not have a Collateral Material Adverse EffectTerm Loan Agreement.

Appears in 1 contract

Samples: Security Agreement (Summer Infant, Inc.)

Condition and Maintenance of Equipment. The Equipment of such Grantor is in good repair, working order and condition, reasonable wear and tear excepted. Each Grantor shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable wear and tear excepted, and shall as quickly as commercially practicable make or cause to be made all repairs, replacements and other improvements which are necessary or appropriate in the conduct of such Grantor’s 's business, except where the failure to make such repairs, replacements or improvements would not have a Collateral Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Crown Holdings Inc)

Condition and Maintenance of Equipment. The Equipment of such Grantor is in good repair, working order and condition, reasonable wear and tear excepted, except to the extent permitted under the Transaction Documents. Each Grantor shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable wear and tear excepted, and shall as quickly as commercially practicable reasonable make or cause to be made all repairs, replacements and other improvements which are necessary or appropriate in the conduct of such Grantor’s business, except where the failure to make such repairs, replacements or improvements would not have a Collateral Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Body Central Corp)

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