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 Domestic 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 is customary for such companies under similar circumstances.

Appears in 2 contracts

Samples: Credit Agreement (Interface Inc), Credit Agreement (Interface Inc)

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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 Domestic 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 is customary for such companies under similar circumstances.; provided, however, that in any event Interface and

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 its Domestic 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 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).

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 and each of its Domestic 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, including such self-insurance and deductible provisions, as is customary for such companies under similar circumstances.;

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Solar Mates Inc)

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Insurance; Maintenance of Properties. (a) Maintain or cause to be maintained insurance with financially sound and reputable insurersinsurance companies or associations, insurance with respect to its properties or will self insure in such amounts and business, and the properties and business of its Domestic Subsidiaries, against loss or damage of the kinds customarily insured against covering such risks as are usually carried by reputable companies entities engaged in the same or a similar businessesbusiness and similarly situated, such which insurance to be of such types may provide for reasonable deductibles from coverage, and in such amounts as is customary for such companies under similar circumstancesany event in accordance with the terms of the Master Indenture. Each Member will, upon request of the Purchaser, furnish a certificate setting forth in summary form the nature and extent of the insurance maintained pursuant to this Section.

Appears in 1 contract

Samples: S Agreement

Insurance; Maintenance of Properties. (ai) 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 of its Domestic 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 Dollar has determined in the exercise of its reasonable prudent business judgment is customary for such companies under similar circumstancesnecessary to prevent the Consolidated Companies, singularly or in the aggregate from experiencing a loss which would cause a Materially Adverse Effect.

Appears in 1 contract

Samples: Master Agreement (Dollar General Corp)

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