Maintenance, Etc. The Company will maintain, preserve and keep, and will cause each Restricted Subsidiary to maintain, preserve and keep, its properties which are used or useful in the conduct of its business (whether owned in fee or a leasehold interest) in good repair and working order and from time to time will make all necessary repairs, replacements, renewals and additions so that at all times the efficiency and marketability thereof shall not be materially impaired or materially degraded, if the failure to complete any such repair, replacement, renewal or addition could reasonably be expected to have a Material Adverse Effect.
Appears in 4 contracts
Samples: Guaranty Agreement (Universal Forest Products Inc), Guaranty Agreement (Universal Forest Products Inc), Note Agreement (Universal Forest Products Inc)
Maintenance, Etc. The Company will maintain, preserve and keep, and will cause each Restricted Subsidiary to maintain, preserve and keep, its properties which are used or useful in the conduct of its business (whether owned in fee or a leasehold interest) in good repair and working order and from time to time will make all necessary repairs, replacements, renewals and additions so that at all times the efficiency and marketability thereof shall be maintained; provided, that the Company shall not be materially impaired required to so maintain, preserve and keep any such properties or materially degradedto so make such repairs, if replacements, renewals and additions unless the failure to complete take any such repair, replacement, renewal or addition could reasonably be expected to action would have a Material Adverse Effectmaterial adverse effect on the financial condition or business of the Company and its Subsidiaries, taken as whole.
Appears in 1 contract
Samples: Note Agreement (Semco Energy Inc)