Common use of Equipment, Etc Clause in Contracts

Equipment, Etc. Each Grantor will maintain each item of Equipment in the same condition, repair and working order as when acquired, ordinary wear and tear and immaterial impairments of value and damage by the elements excepted, and in accordance with any manufacturer's manual, and will as quickly as practicable provide all maintenance, service and repairs necessary for such purpose and will promptly furnish to the Administrative Agent a statement respecting any material loss or damage to any of the Equipment.

Appears in 2 contracts

Samples: Security Agreement (Acc Corp), Security Agreement (Acc Corp)

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Equipment, Etc. Each Grantor will maintain each material item of Equipment in the same condition, repair and working order as when acquired, ordinary wear and tear and immaterial impairments of value and damage by the elements excepted, and in accordance with any manufacturer's manual, and will as quickly as practicable provide all maintenance, service and repairs necessary for such purpose and will promptly furnish to the Administrative Agent a statement respecting any material loss or damage to any material portion of the Equipment.

Appears in 1 contract

Samples: Credit Agreement (Knology Holdings Inc /Ga)

Equipment, Etc. Each The Grantor will maintain each item of Equipment in the same condition, repair and working order as when acquired, ordinary wear and tear and immaterial impairments of value and damage by the elements excepted, and in accordance with any manufacturer's manual, and will as quickly as practicable provide all maintenance, service and repairs necessary for such purpose and will promptly furnish to the Administrative Agent a statement respecting any material loss or damage to any of the Equipment.

Appears in 1 contract

Samples: Security Agreement (Texfi Industries Inc)

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Equipment, Etc. Each Grantor will maintain each item of Equipment in -------------- the same condition, repair and working order as when acquired, ordinary wear and tear and immaterial impairments of value and damage by the elements excepted, and in accordance with any manufacturer's manual, and will as quickly as practicable provide all maintenance, service and repairs necessary for such purpose and will promptly furnish to the Administrative Agent a statement respecting any material loss or damage to any of the Equipment.

Appears in 1 contract

Samples: Security Agreement (Acc Corp)

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