Common use of Maintain Properties Clause in Contracts

Maintain Properties. Each Borrower shall: (a) Keep the Collateral in good order and repair (ordinary reasonable 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 of any policy of insurance thereon; and (d) Not sell, lease, or otherwise dispose of any of the Collateral, other than the following: (i) The sale of Inventory in compliance with this Agreement; (ii) The disposal of Equipment which is obsolete, worn out, or damaged beyond repair, which Equipment is replaced to the extent necessary to preserve or improve the operating efficiency of such Borrower; and (iii) The turning over to the Administrative Agent of all Receipts as provided herein.

Maintain Properties. Each The Borrower shall: (a) Keep the Collateral in good order and repair (ordinary reasonable 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 of any policy of insurance thereon; and. (d) Not sell, lease, or otherwise dispose of any of the Collateral, other than the following: (i) The sale of Inventory in compliance with this Agreement;. (ii) The disposal of Equipment which is obsolete, worn out, or damaged beyond repair, which Equipment is replaced to the extent necessary to preserve or improve the operating efficiency of such the Borrower; and. (iii) The turning over to the Administrative Agent Lender of all Receipts as provided herein.

Maintain Properties. Each Borrower The Borrowers shall: (a) Keep the Collateral in good order and repair (ordinary reasonable 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 of any policy of insurance thereon; and. (d) Not sell, lease, or otherwise dispose of any of the Collateral, other than the followingas follows: (i) The sale of Inventory in compliance with this Agreement;. (ii) The disposal of Equipment which is obsolete, worn out, or damaged beyond repair, which Equipment is replaced to the extent necessary to preserve or improve the operating efficiency of such Borrower; andthe Borrowers. (iii) The turning over to the Administrative Agent of all Receipts as provided herein. (iv) Permitted Asset Sales.

Maintain Properties. Each The Borrower shall:: -------------------- (a) Keep the Collateral in good order and repair (ordinary reasonable 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 of any policy of insurance thereon; and. (d) Not sell, lease, or otherwise dispose of any of the Collateral, other than the following: (i) The sale of Inventory in compliance with this the within Agreement;. (ii) The disposal of Equipment which is obsolete, worn out, or damaged beyond repair, which Equipment is replaced to the extent necessary to preserve or improve the operating efficiency of such the Borrower; and. (iii) The turning over to the Administrative Agent Lender of all Receipts as provided herein.

Maintain Properties. Each The Borrower shall:: ------------------- (a) Keep the Collateral in good order and repair (ordinary reasonable 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 of any policy of insurance thereon; and. (d) Not sell, lease, or otherwise dispose of any of the Collateral, other than the following: (i) The sale of Inventory in compliance with this the within Agreement;. (ii) The disposal of Equipment which is obsolete, worn out, or damaged beyond repair, which Equipment is replaced to the extent necessary to preserve or improve the operating efficiency of such the Borrower; and. (iii) The turning over to the Administrative Agent Lender of all Receipts as provided herein.

Maintain Properties. Each Borrower The Borrowers shall: (a) Keep the Collateral in good order and repair (ordinary reasonable 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 of any policy of insurance thereon; and. (d) Not sell, lease, or otherwise dispose of any of the Collateral, other than the following: (i) The sale of Inventory in compliance with this Agreement;. (ii) The disposal of Equipment which is obsolete, worn out, or damaged beyond repair, which Equipment is replaced to the extent necessary to preserve or improve the operating efficiency of such any Borrower; and. (iii) The turning over to the Administrative Agent Lender of all Receipts as provided herein.

Maintain Properties. Each The Borrower shall: (a) Keep the Collateral in good order and repair (ordinary reasonable 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 of any policy of insurance thereon; and. (d) Not sell, lease, or otherwise dispose of any of the Collateral, other than the following: (i) The sale of Inventory in compliance with this the within Agreement;. (ii) The disposal of Equipment which is obsolete, worn out, or damaged beyond repair, which Equipment is replaced to the extent necessary to preserve or improve the operating efficiency of such the Borrower; and. (iii) The turning over to the Administrative Agent Lender of all Receipts as provided herein.

Maintain Properties. Each The Borrower shall: (a) Keep the Collateral in good order and repair (ordinary reasonable 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 of any policy of insurance thereon; and. (d) Not sell, lease, or otherwise dispose of any of the Collateral, other than the following: (i) The sale of Inventory in compliance with this Agreement;. (ii) The disposal of Equipment which is obsolete, worn out, or damaged beyond repair, which Equipment is replaced to the extent necessary to preserve or improve the operating efficiency of such the Borrower; and (iii) The turning over to the Administrative Agent of all Receipts as provided herein.

Maintain Properties. Each The Borrower shall: (a) Keep the Collateral in good order and repair (ordinary reasonable 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 of any policy of insurance thereon; and. (d) Not sell, lease, or otherwise dispose of any of the Collateral, other than the following: (i) The sale of Inventory in compliance with this Agreement;. (ii) The disposal of Equipment which is obsolete, worn out, or damaged beyond repair, which Equipment is replaced to the extent necessary to preserve or improve the operating efficiency of such the Borrower; and. (iii) The turning over to the Administrative Agent Lender of all Receipts as provided herein. (iv) Collecting proceeds of Receivables Collateral.

Maintain Properties. Each The Borrower shall: (a) Keep the Collateral in good order and repair (ordinary reasonable 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 of any policy of insurance thereon; and. (d) Not sell, lease, or otherwise dispose of any of the Collateral, other than the following: (i) The sale of Inventory in compliance with this Agreement;. (ii) The disposal of Equipment which is obsolete, worn out, or damaged beyond repair, which Equipment is replaced to the extent necessary to preserve or improve the operating efficiency of such the Borrower; and. (iii) The turning over to the Administrative Agent of all Receipts as provided herein.

Maintain Properties. Each The Borrower shall:: ------------------- (a) Keep the Collateral in good order and repair (ordinary reasonable 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 of any policy of insurance thereon; and. (d) Not sell, lease, or otherwise dispose of any of the Collateral, other than the following: (i) The sale of Inventory in compliance with this Agreement;. (ii) The disposal of Equipment which is obsolete, worn out, or damaged beyond repair, which Equipment is replaced to the extent necessary to preserve or improve the operating efficiency of such the Borrower; and. (iii) The turning over to the Administrative Agent Lender of all Receipts as provided herein.