Common use of Maintenance and Insurance Clause in Contracts

Maintenance and Insurance. Each of the Borrower and its Subsidiaries shall maintain the Collateral and its other properties in good repair, working order and condition as required for the normal conduct of its business. Each of the Borrower and its Subsidiaries shall at all times maintain liability and casualty insurance as required in accordance with the terms of the Security Documents.

Appears in 3 contracts

Samples: Credit Agreement (Cybex International Inc), Credit Agreement (Cybex International Inc), Credit Agreement (Cybex International Inc)

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Maintenance and Insurance. Each of the Borrower and its Material Subsidiaries shall maintain the Collateral and its other properties in good repair, working order and condition as required for the normal conduct of its business. Each of the Borrower , and its Subsidiaries shall at all times maintain liability and casualty insurance with financially sound and reputable insurers in such amounts as required in accordance with the terms officers of the Security DocumentsBorrower in the exercise of their reasonable judgment deem to be adequate.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Financial Institutions Inc), Revolving Credit Agreement (First Empire State Corp)

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Maintenance and Insurance. Each of the Borrower and its Subsidiaries shall maintain the Collateral and its other properties in good repair, working order and condition as required for the normal conduct of its business. Each of the Borrower and its Subsidiaries shall at all times maintain liability and casualty insurance as required in accordance with the terms of the Security DocumentsAgreement.

Appears in 1 contract

Samples: Credit Agreement (Cybex International Inc)

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