Condition of Equipment. The Equipment is in satisfactory operating condition and repair, and all necessary replacements and repairs have been made so that the value and operating efficiency of the Equipment is preserved at all times, reasonable wear, tear, casualty and condemnation excepted.
Appears in 5 contracts
Samples: Term Loan and Security Agreement (Commercial Vehicle Group, Inc.), Loan and Security Agreement (Commercial Vehicle Group, Inc.), Loan and Security Agreement (Commercial Vehicle Group, Inc.)
Condition of Equipment. The material Equipment is in satisfactory good operating condition and repair, and all necessary replacements and repairs have been made so that the value and operating efficiency of the material Equipment is preserved at all times, reasonable wear, tear, casualty wear and condemnation tear excepted.
Appears in 3 contracts
Samples: Loan, Security and Guaranty Agreement (Quintana Energy Services Inc.), Loan, Security and Guaranty Agreement (Quintana Energy Services Inc.), Loan, Security and Guaranty Agreement (Quintana Energy Services Inc.)
Condition of Equipment. The Equipment is in satisfactory good operating condition and repair, and all necessary replacements and repairs have been made so that the its value and operating efficiency of the Equipment is are preserved at all times, reasonable wear, tear, wear and tear and casualty and condemnation excepted.
Appears in 3 contracts
Samples: Loan Agreement (Conns Inc), Loan Agreement (Conns Inc), Loan and Security Agreement (Conns Inc)
Condition of Equipment. The With respect to the Obligors’ obligations in connection with the operation of their business, the Equipment is in satisfactory good operating condition and repair, and all necessary replacements and repairs have been made so that the value and operating efficiency of the such Equipment is preserved at all times, reasonable wear, tear, casualty wear and condemnation tear excepted.
Appears in 2 contracts
Samples: Loan and Security Agreement (Par Pacific Holdings, Inc.), Loan and Security Agreement (Par Pacific Holdings, Inc.)
Condition of Equipment. The Equipment is in satisfactory good operating condition and repair, and all necessary replacements of and repairs have been thereto shall be made so that the value and operating efficiency of the Equipment is preserved at all timesshall be maintained and preserved, reasonable wear, tear, casualty wear and condemnation tear excepted.
Appears in 2 contracts
Samples: Loan and Security Agreement (Pameco Corp), Loan and Security Agreement (Amerigroup Corp)
Condition of Equipment. The Equipment is in satisfactory good operating condition and repair, and all necessary replacements and repairs have been made so that the value and operating efficiency of the Equipment is preserved at all times, reasonable wearwear and tear excepted. Each Obligor shall ensure that the Equipment is mechanically and structurally sound, tearand capable of performing the functions for which it was designed, casualty and condemnation exceptedin accordance with manufacturer specifications.
Appears in 1 contract
Samples: Loan and Security Agreement (Spectrum Brands, Inc.)
Condition of Equipment. The Equipment is in satisfactory operating condition and repair, and all necessary replacements and repairs have been made so that the value and operating efficiency of the Equipment is preserved at all times, reasonable wear, tear, casualty and condemnation excepted. 8.5.
Appears in 1 contract
Samples: Loan and Security Agreement (Commercial Vehicle Group, Inc.)
Condition of Equipment. The Equipment is in satisfactory good operating condition and repair, and all necessary replacements and repairs have been made so that the value marketability and operating efficiency of the Equipment (other than Equipment that is worn, damaged or obsolete) is preserved at all times, reasonable wearwear and tear excepted. Each Obligor shall ensure that the Equipment is mechanically and structurally sound, tearand capable of performing the functions for which it was designed, casualty and condemnation exceptedin accordance with manufacturer specifications.
Appears in 1 contract
Samples: Loan, Guaranty and Security Agreement (Trident Microsystems Inc)
Condition of Equipment. The Equipment is in satisfactory good operating condition and repairrepair in all material respects, and all necessary replacements and repairs have been made so that the value and operating efficiency of the Equipment is preserved in all material respects at all times, reasonable wearwear and tear excepted. Each Obligor shall ensure that the Equipment is mechanically and structurally sound in all material respects, tearand capable of performing the functions for which it was designed, casualty and condemnation exceptedin accordance with manufacturer specifications.
Appears in 1 contract
