Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, as is customary for such companies under similar circumstances; provided, however, that in any event Borrower shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower and the Lender, be excessive. (b) Cause all properties used or useful in the conduct of each Consolidated Company to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent Borrower from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of Borrower, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 7 contracts
Samples: Term Loan Agreement, Revolving and Term Loan Agreement, Term Loan Agreement (Brown & Brown Inc)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, as is customary for such companies under similar circumstances; provided, however, that in any event Borrower shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower and the LenderAdministrative Agent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent Borrower from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of Borrower, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Hughes Supply Inc), Line of Credit Agreement (Hughes Supply Inc), Revolving Credit and Line of Credit Agreement (Office Depot Inc)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, as is customary for such companies under similar circumstances; provided, however, that in any event Borrower shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower and the LenderAgent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent Borrower from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of Borrower, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 3 contracts
Samples: Revolving Credit and Line of Credit Agreement (Rotech Medical Corp), Revolving Credit and Line of Credit Agreement (Hughes Supply Inc), Revolving Credit and Line of Credit Agreement (Rotech Medical Corp)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, amounts as is are customary for such companies under similar circumstances; provided, however, that in any event Borrower Intermet shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower Intermet and the LenderAdministrative Agent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower Intermet may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section 6.06 shall prevent Borrower Intermet from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of BorrowerIntermet, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 3 contracts
Samples: Term Loan Agreement (Intermet Corp), Credit Agreement (Intermet Corp), Credit Agreement (Intermet Corp)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, amounts as is customary for such companies under similar circumstances; provided, however, that in any event Interface and each other Borrower shall use its their best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower Interface and the LenderCo-Agents, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower Interface may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent Borrower Interface from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of BorrowerInterface, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 2 contracts
Samples: Credit Agreement (Interface Inc), Credit Agreement (Interface Inc)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, amounts as is are customary for such companies under similar circumstances; provided, however, that in any event the Borrower shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both the Borrower and the LenderAdministrative Agent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good 52 60 condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of the Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section 6.06 shall prevent the Borrower from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of the Borrower, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Samples: Credit Agreement (Intermet Corp)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, as is customary for such companies under similar circumstances; provided, however, that in any event Borrower shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverage's not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower and the LenderAdministrative Agent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent Borrower from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of Borrower, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, amounts as is are customary for such companies under similar circumstances; provided, however, that in any event Borrower Intermet shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower Intermet and the LenderAgent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower Intermet may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section 6.06 shall prevent Borrower Intermet from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of BorrowerIntermet, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Samples: Credit Agreement (Intermet Corp)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, as is customary for such companies under similar circumstances; provided, however, that in any event Borrower shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower and the LenderAgent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section subsection shall prevent Borrower from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of Borrower, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Planet Hollywood International Inc)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, amounts as is customary for such companies under similar circumstances; provided, however, that in any event Borrower shall Nelsxx xxxll use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower and Nelsxx xxx the LenderAgent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower may Nelsxx xxx be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section 7A.06(b) shall prevent Borrower from Nelsxx xxxm discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of BorrowerNelsxx, desirable xxsirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Samples: Credit Agreement (Nelson Thomas Inc)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, amounts as is customary for such companies under similar circumstances; provided, however, that in any event Borrower Intermet shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower Intermet and the LenderAgent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower Intermet may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent Borrower Intermet from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of BorrowerIntermet, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Samples: Credit Agreement (Intermet Corp)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, amounts as is customary for such companies under similar circumstancescircumstances (and, with respect to any IRB Collateral, any more rigorous or extensive insurance as may be required by the IRB Collateral Documents); providedPROVIDED, howeverHOWEVER, that in any event Interface and each other Borrower shall use its their best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower Interface and the LenderCo-Agents, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business (and all IRB Collateral owned or leased by any Credit Party) to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower Interface may be 120 necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all timestimes and so that the value thereof will not be impaired in any material respect; providedPROVIDED, howeverHOWEVER, that nothing in this Section shall prevent Borrower Interface from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of BorrowerInterface, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Samples: Credit Agreement (Interface Inc)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower Company and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance selfinsurance and deductible provisions, as is customary for such companies under similar circumstances; provided, however, that in any event Borrower the Company shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower the Company and the LenderPurchaser, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower the Company may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent Borrower the Company from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of Borrowerthe Company, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Samples: Convertible Subordinated Note Purchase Agreement (Consolidated Stainless Inc)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, amounts as is are customary for such companies under similar circumstances; provided, however, that in any event Borrower Intermet shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower Intermet and the LenderAgent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower Intermet may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that 51 58 nothing in this Section 6.06 shall prevent Borrower Intermet from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of BorrowerIntermet, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, as is customary for such companies under similar circumstances; provided, however, that in any event Borrower shall use its reasonable best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower and the LenderAgent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent Borrower from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of Borrower, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Samples: Revolving Credit Agreement (Discount Auto Parts Inc)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, such insurance with respect to its properties and business, and the properties Properties and business in such amounts as the Borrower has determined in the exercise of its reasonable prudent business judgment is necessary to prevent the Borrower and each of its Subsidiaries, against loss singularly or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, as is customary for such companies under similar circumstances; provided, however, that in any event Borrower shall use its best efforts to maintain, or aggregate from experiencing a loss which would cause to be maintained, insurance in amounts and with coverage not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower and the Lender, be excessivea Materially Adverse Effect.
(b) Cause Cause, and cause each of its Subsidiaries to cause, all properties Properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the reasonable judgment of Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent Borrower from discontinuing the operation or maintenance of any such properties Properties if such discontinuance is, in the reasonable judgment of Borrower, desirable in the conduct of its business or the business of any Consolidated Companythe Borrower and its Subsidiaries.
(c) At Lender's reasonable request, cause a summary, set forth in format and detail reasonably acceptable to the Lender, of the types and amounts of insurance (property and liability) maintained by the Borrower and its Subsidiaries.
(d) Maintain and cause to be maintained all insurance required to be maintained by the Security Documents.
Appears in 1 contract
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, amounts as is customary for such companies under similar circumstances; provided, however, that in any event Borrower shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower and the Lender, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order (ordinary wear and tear excepted) and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent Borrower from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of Borrower, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, amounts as is are customary for such companies under similar circumstances; provided, however, -------- ------- that in any event Borrower Intermet shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower Intermet and the LenderAgent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower Intermet may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that -------- ------- nothing in this Section 6.06 shall prevent Borrower Intermet from discontinuing the ------------ operation or maintenance of any such properties if such discontinuance is, in the judgment of BorrowerIntermet, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Samples: Credit Agreement (Intermet Corp)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties Properties and business, and the properties Properties and business of the Borrower and each of its SubsidiariesConsolidated Companies, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including amounts and subject to such deductibles and self-insurance and deductible provisions, programs as is customary for such companies under similar circumstancesthe Borrower in its judgment deems reasonable; provided, however, that in any event Borrower shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the reasonable judgment of both Borrower and the LenderBorrower, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties Properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the reasonable judgment of Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent Borrower from discontinuing the operation or maintenance of any such properties Properties if such discontinuance is, in the reasonable judgment of Borrower, desirable in the conduct of its business or the business of any Consolidated Company.
(c) Cause a summary, set forth in format and detail reasonably acceptable to the Administrative Agent, of the types and amounts of insurance (property and liability) maintained by the Consolidated Companies to be delivered to the Administrative Agent on or before thirty (30) days after the Closing Date.
Appears in 1 contract
Samples: Credit Agreement (CBRL Group Inc)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, amounts as is customary for such companies under similar circumstances; providedPROVIDED, howeverHOWEVER, that in any event Borrower shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower Xxxxxxxx and the LenderAgent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; providedPROVIDED, howeverHOWEVER, that nothing in this Section shall prevent Borrower from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of Borrower, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, as is customary for such companies under similar circumstances; provided, however, that in any event Borrower shall use its reasonable best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower and the LenderAdministrative Agent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent Borrower from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of Borrower, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Samples: Revolving Credit Agreement (Discount Auto Parts Inc)
Insurance; Maintenance of Properties. (a1) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, as is customary for such companies under similar circumstances; providedPROVIDED, howeverHOWEVER, that in any event Borrower shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower and the LenderAdministrative Agent, be excessive.
(b2) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; providedPROVIDED, howeverHOWEVER, that nothing in this Section shall prevent Borrower from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of Borrower, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, as is customary for such companies under similar circumstances; provided, however, that in any event each of Borrower and Parent shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower and the Lender, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to ensure that, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent Borrower from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of Borrower, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Samples: Real Estate Term Credit Agreement (Hughes Supply Inc)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, as is customary for such companies under similar circumstances; provided, however, that in any event Borrower shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower and the LenderAdministrative Agent, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section subsection shall prevent Borrower from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of Borrower, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Samples: Revolving Credit Agreement (Planet Hollywood International Inc)
Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained with financially sound and reputable insurers, insurance with respect to its properties and business, and the properties and business of the Borrower and each of its Subsidiaries, against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such insurance to be of such types and in such amounts, including such self-insurance and deductible provisions, amounts as is customary for such companies under similar circumstancescircumstances or as otherwise required by the terms of any Security Document; provided, however, that in any event Parent and each other Borrower shall use its their best efforts to maintain, or cause to be maintained, insurance in amounts and with coverage coverages not materially less favorable to any Consolidated Company as in effect on the date of this Agreement, except where the costs of maintaining such insurance would, in the judgment of both Borrower Parent and the LenderAgents, be excessive.
(b) Cause Cause, and cause each of the Consolidated Companies to cause, all properties used or useful in the conduct of each Consolidated Company its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, settlements and improvements thereof, all as in the judgment of Borrower Parent may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent Borrower Parent from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of BorrowerParent, desirable in the conduct of its business or the business of any Consolidated Company.
Appears in 1 contract
Samples: Credit Agreement (Dyersburg Corp)