Maintain Collateral. Xxxxxxx agrees to maintain and repair the Collateral as necessary to keep it in good condition, and not to waste, destroy, or voluntarily damage the Collateral. Obligor will not use the Collateral in violation of any statute, ordinance, or governmental regulation. Secured Party may examine and inspect the Collateral at any reasonable time wherever located.
Maintain Collateral. The Customer will maintain all Collateral in good order and repair, this clause. Any floating charge created under this Agreement will become a fixed charge:
Maintain Collateral. The Obligor shall diligently maintain the Collateral so as to preserve the Collateral and the income from the Collateral and shall comply with all requirements of any governmental authority and all agreements relating to any of the Collateral and all other conditions on which the Collateral is held.
Maintain Collateral. Maintain and preserve the Collateral in good repair, working order and condition, and make all needed and proper repairs, renewals, replacements, additions or improvements thereto, and immediately notify Secured Party of any event causing material loss or depreciation in the value of the Collateral and the amount of such loss or depreciation.
Maintain Collateral. (i) Perform all of its obligations under or in connection with the Collateral in accordance with customary business practices, (ii) not amend, alter or modify, or permit the amendment, alteration or modification of, any material portion (individually or collectively) of the Collateral, without providing prior written notice to Secured Party and to the extent any such actions would be materially adverse to Lender, in Lender’s sole discretion, and (iii) not do or permit any act which would impair any material portion of the Collateral.
Maintain Collateral. The Customer will maintain all Collateral in good order and repair, and will:
(a) replace defective or worn out parts as and when necessary;
(b) ensure that any Collateral intended by its manufacturer for use for a particular purpose is used for that purpose, and in accordance with any relevant recommendations of the manufacturer;
(c) not alter or modify any Collateral, unless the Secured Party agrees;
(d) not change any registration plate, identification number or similar identification xxxx in respect of any Collateral, unless the Secured Party agrees;
(e) allow the Secured Party to inspect Collateral that is able to be inspected, at all reasonable times.
Maintain Collateral. Obligor agrees to maintain and repair the Collateral as necessary to keep it in good condition, and not to waste, destroy, or voluntarily damage the Collateral. Obligor will not use the Collateral in violation of any statute, ordinance, or governmental regulation. Secured Party may examine and inspect the Collateral at any reasonable time wherever located.
Maintain Collateral. Subject to the express terms of this Indenture, diligently maintain and protect the Collateral;
Maintain Collateral. The Credit Parties shall:
(a) keep the Collateral in good order and repair (ordinary wear and tear and insured casualty excepted);
(b) not suffer or cause the waste or destruction of any material part of the Collateral;
(c) not use any of the Collateral in violation in any material respect of any policy of insurance thereon;
(d) maintain a system to ensure that, with respect to sales of pharmacy Inventory (such as prescriptions, pharmaceuticals, medications and controlled substances) giving rise to rights to payment from any third-party payor insurance companies, managed care organizations, government entities, pharmacy plans (or the pharmacy plan administrators of such companies, organizations or entities), which are Pharmacy Accounts and with whom the Credit Parties do not have an existing contractual relationship, (i) each purchaser of pharmacy Inventory executes an assignment of benefits form (assigning reimbursement rights to the Lead Borrower) and (ii) copies of such assignments are sent to all such third-party payors, it being understood that the term "third-party payor" in this clause (d) shall not include any retail purchaser of such pharmacy Inventory.
(e) not sell, lease, or otherwise dispose of any of the Collateral, other than the following:
(i) the sale of Inventory in the ordinary course of business or in compliance with this Agreement; and
(ii) the turning over to the Administrative Agent of all Receipts during the existence of a Cash Control Event as provided herein.
Maintain Collateral. Keep the Collateral free of any mortgage, pledge, title retention lien, or other lien, encumbrance or security interest of any kind.
