Common use of Maintenance and Inspection of Tangible Properties Clause in Contracts

Maintenance and Inspection of Tangible Properties. The Borrower shall maintain all of its material tangible Properties in good repair and condition, ordinary wear and tear excepted; make all necessary replacements thereof and operate, if operated by the Borrower, such Properties in a good and workmanlike manner; and permit any authorized representative or representatives of the Bank to reasonably visit and inspect any tangible Property of the Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Windsor Energy Resources, Inc.), Loan Agreement (Windsor Energy Resources, Inc.)

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Maintenance and Inspection of Tangible Properties. The Borrower shall maintain Maintain all of its material tangible Properties in good repair and condition, ordinary wear and tear excepted; make all necessary replacements thereof and operate, if operated by the Borrower, operate such Properties in a good and workmanlike manner; and permit any authorized representative or representatives of the Bank Lender to reasonably visit and inspect, and permit one authorized representative of the Lender to visit and inspect one time each year at the expense of the Borrowers, any Mortgaged Property or other tangible Property of the either Borrower.

Appears in 1 contract

Samples: Credit Agreement (Alamco Inc)

Maintenance and Inspection of Tangible Properties. The Borrower shall maintain Maintain all of its material tangible Properties in good repair and condition, ordinary wear and tear excepted; make all necessary replacements thereof and operate, if operated by the any Borrower, such Properties in a good and workmanlike manner; and permit any authorized representative or representatives of the Bank Lender to reasonably visit and inspect any tangible Property of the BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Pontotoc Production Inc)

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Maintenance and Inspection of Tangible Properties. The Borrower shall maintain Maintain all of ------------------------------------------------- its material tangible Properties in good repair and condition, ordinary wear and tear and sales in the ordinary course of business excepted; make all necessary replacements thereof and operate, if operated by the Borrower, such Properties in a good and workmanlike manner; and permit any authorized representative or representatives of the Bank to reasonably visit and inspect any tangible Property of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Cmi Corp)

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