Common use of Insurance; Maintenance of Properties Clause in Contracts

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 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 as are customary for such companies under similar circumstances; provided, however, that in any event Intermet shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with 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 Intermet and the Administrative Agent, be excessive.

Appears in 3 contracts

Samples: Credit Agreement (Intermet Corp), Credit Agreement (Intermet Corp), Term Loan Agreement (Intermet Corp)

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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 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 as are customary for such companies under similar circumstances; provided, however, that in any event Intermet the Borrower shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with 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 Intermet the Borrower and the Administrative Agent, be excessive.

Appears in 3 contracts

Samples: Credit Agreement (Ironton Iron Inc), Credit Agreement (Intermet Corp), 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 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 as are is customary for such companies under similar circumstances; provided, however, that in any event Intermet Interface and each other Borrower shall use its their best efforts to maintain, or cause to be maintained, insurance in amounts and with 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 Intermet Interface and the Administrative AgentCo-Agents, be excessive.

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 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 as are customary for such companies under similar circumstances; provided, however, that in any event Intermet shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with 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 Intermet and the Administrative Agent, be excessive.

Appears in 2 contracts

Samples: Subsidiary Guaranty Agreement (Intermet Corp), Credit Agreement (I M Acquisition 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 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 as are customary is cus- tomary for such companies under similar circumstances; provided, however, that -------- ------- in any event Intermet Borrower shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with 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 Intermet and the Administrative Agent, be excessive.

Appears in 1 contract

Samples: Credit Agreement (Morrison Restaurants 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 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 amounts, as are is customary for such companies under similar circumstances; provided, however, that in any event Intermet Borrower shall use its reasonable best efforts to maintain, or cause to be maintained, insurance in amounts and with 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 Intermet Borrower and the Administrative Agent, be excessive.

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, insurance with respect to its properties and business, and the properties and business 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 amounts, as are is customary for such companies under similar circumstances; provided, however, that in any event Intermet Borrower shall use its reasonable best efforts to maintain, or cause to be maintained, insurance in amounts and with 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 Intermet Borrower and the Administrative Agent, be excessive.

Appears in 1 contract

Samples: Revolving Credit Agreement (Discount Auto Parts Inc)

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Insurance; Maintenance of Properties. (a) Maintain 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 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 as are is customary for such companies under similar circumstances; provided, however, that in any event Intermet shall Nelsxx xxxll use its best efforts to maintain, or cause to be maintained, insurance in amounts and with 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 Intermet and Nelsxx xxx the Administrative Agent, be excessive.

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 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 as are is customary for such companies under similar circumstances; providedPROVIDED, howeverHOWEVER, that in any event Intermet Borrower shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with 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 Intermet Xxxxxxxx and the Administrative Agent, be excessive.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Vari Lite 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 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 as are customary for such companies under similar circumstances; provided, however, -------- ------- that in any event Intermet shall use its best efforts to maintain, or cause to be maintained, insurance in amounts and with 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 Intermet and the Administrative Agent, be excessive.

Appears in 1 contract

Samples: Credit Agreement (Intermet Corp)

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