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

Maintenance and Inspection of Tangible Properties. Maintain all of ------------------------------------------------- its material tangible Properties in good repair and condition, ordinary wear and tear excepted; make all necessary replacements thereof all as may be reasonably necessary so that the business carried on in connection therewith may be properly conducted at all times and operate, if operated by Borrower, such Properties in a good and workmanlike manner; and permit any authorized representative or representatives of the Lender to visit and inspect any tangible Property of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Canaan Energy Corp)

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Maintenance and Inspection of Tangible Properties. 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 all as may be reasonably necessary so that the business carried on in connection therewith may be properly conducted at all times and operate, if operated by the Borrower, such Properties in a good and workmanlike manner; and permit any authorized representative or representatives of the Lender Agent to reasonably visit and inspect any tangible Property of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Cmi Corp)

Maintenance and Inspection of Tangible Properties. Maintain all of ------------------------------------------------- its material tangible Properties in good repair and condition, ordinary wear and tear excepted; make all necessary replacements thereof all as may be reasonably necessary so that the business carried on in connection therewith may be properly conducted at all times and operate, if operated by Borrower, operate such Properties in a good and workmanlike manner; and permit any authorized representative or representatives of the Lender to 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. 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 all as may be reasonably necessary so that the business carried on in connection therewith may be properly conducted at all times and operate, if operated by the Borrower, such Properties in a good and workmanlike manner; and permit any authorized representative or representatives of the Lender 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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Maintenance and Inspection of Tangible Properties. Maintain all of ------------------------------------------------- its their material tangible Properties in good repair and condition, ordinary wear and tear excepted; make all necessary replacements thereof all as may be reasonably necessary so that the business carried on in connection therewith may be properly conducted at all times and operate, if operated by Borrower, such Properties in a good and workmanlike manner; and permit any authorized representative or representatives of the Lender to reasonably visit and inspect any tangible Property of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Fortune Natural Resources Corp)

Maintenance and Inspection of Tangible Properties. Maintain all of ------------------------------------------------- its material tangible Properties in good repair and condition, ordinary wear and tear excepted; make all necessary replacements thereof all as may be reasonably necessary so that the business carried on in connection therewith may be properly conducted at all times and operate, if operated by any Borrower, such Properties in a good and workmanlike manner; and permit any authorized representative or representatives of the 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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