Maintenance; Insurance. The plants, structures, equipment and other properties and assets currently owned or used by the Company and the Subsidiaries in their respective businesses or operations have been properly maintained and insured (such insurance policies to be in effect as at the Closing Date) in accordance with normal industry practice and are in operating condition and repair such (subject to normal wear and tear) that they are capable of being used in the businesses conducted by the Company and the Subsidiaries without present need for repair or replacement, except in the ordinary course of business. All such plants, structures, equipment and other properties, real and personal and the operation, maintenance and use thereof, conform and comply to all applicable laws, including, without limitation, building and zoning laws, ordinances or regulations or any restrictive covenants relating to such assets or their uses. Neither the whole nor any part of any Real Properties occupied by the Company or the Subsidiaries has been condemned by any public authority, nor do any of the Principal Shareholders know or have any basis to believe that any such condemnation or taking is threatened or contemplated. All the Leases are, and upon consummation of the transaction contemplated in the Agreement, will continue to be, in full force and effect and constitute and will constitute, valid and binding agreements. There exists free and uninterrupted egress and ingress over a public roadway to the Property.
Maintenance; Insurance. During the term hereof, with respect to each Lease:
(a) Lessee shall at all times maintain the Leased Premises in at least as good order and condition as received.
(b) Lessee shall promptly execute, fulfill and comply with all valid ordinances, rules, regulations, laws and statutes of applicable governmental and quasi-governmental authorities (herein "Applicable Law"). Lessee shall at all times maintain and operate the Leased Premises and the business conducted thereon in strict accordance with such Applicable Law.
(c) Lessee shall maintain all insurance required under each of the Leases and as otherwise maintained by similarly situated nursing homes.
Maintenance; Insurance a. METERED MINING acquires equipment directly from the manufacturer, ensuring that each machine includes a warranty based on the manufacturer’s terms at the time of purchase. Customers may also opt for a METERED MINING Protection Plan for additional coverage, if available.
b. METERED MINING will only undertake repairs on machines with prior authorization from the customer, including detailed information on the type of repair and associated costs. If repairs require off-site service, the customer is responsible for the costs of both repairs and shipping.
c. METERED MINING does not provide insurance coverage. The customer’s machines are not covered by any insurance policy held by METERED MINING unless specified in a separate agreement. It’s the customer’s sole responsibility to obtain insurance for their machines through their chosen agent, covering theft, fire, or any other incidents resulting in complete loss.
Maintenance; Insurance. Borrower shall use the Financed Product solely in the conduct of its business and is required, at its own cost and expense, to keep, or cause to be kept, the Hardware, Licensed Software and other Collateral, as applicable, in good repair, condition and working order, except for ordinary wear and tear, and Borrower will supply, or cause to be supplied, all parts and servicing required. During the term of this Master Agreement and each applicable Loan Agreement and Note, Borrower will keep the Hardware, Licensed Software and other Collateral, as applicable, insured against all risks of loss or damage in an amount not less than the full replacement value of the Hardware, Licensed Software and other Collateral, as applicable, naming Lender as lender loss payee and additional insured and without co-insurance. Borrower will also obtain and maintain for the term of this Master Agreement and the applicable Loan Agreement and Note(s), comprehensive public liability insurance with personal injury limits and property damage limits in amounts Lender may from time to time require, naming Lender as additional insured. Borrower will pay all premiums for such insurance and, promptly upon request, shall deliver proof of insurance coverage satisfactory to Lender. If Borrower does not provide such insurance, Borrower agrees that Lender has the right but not the obligation, to obtain such insurance and charge Borrower an insurance fee, on which Lender may make a profit. Borrower grants to Lender an irrevocable power of attorney to make claim for and receive and endorse all checks and other documents received as payment for such insurance policies.
Maintenance; Insurance. An amount of $5,739.48 annually for vehicle general maintenance and insurance, payable in equal instalments fortnightly to Employee in his regular pay cheque, less required withholding and taxes. Employee shall provide Callaway with a Vehicle Log Book which meets the standards of the Australian Taxation Office within the first fringe benefit tax year and shall comply with the requirements of Callaway’s policies on vehicle leases and allowances, as may be modified from time to time.
Maintenance; Insurance. Unipac shall maintain the Equipment in ---------------------- good functioning order with at least the same degree of care it would use to maintain its own key equipment. Unipac shall be responsible for the cost of any spare parts purchased for the Equipment. Unipac shall insure the Equipment for its full replacement cost with a reputable insurance company, provided that such insurance company must be approved by PixTech, which approval will not be unreasonably withheld. To the extent feasible under insurance practice and provided that doing so is not commercially impossible, such insurance shall list PixTech as a named insured on such policy, provided that PixTech shall bear any and all costs resulting from adding PixTech as a named insured. Unipac shall provide the Pre-Production Steering Committee proof of such insurance coverage with respect to each piece of Equipment prior to the applicable scheduled delivery date. Upon any insured loss to the Equipment, the insurance proceeds shall be applied exclusively to replace the equipment involved, and/or in the event of an insurable occurrence which results in termination, to discharge the repurchase obligations associated with the equipment involved under this Agreement.
Maintenance; Insurance. The Pledgor shall maintain the Equipment in working order and in good repair and condition, reasonable wear and tear excepted (except for such portions thereof as shall become obsolete or no longer necessary for the Pledgor's business, in which case, provided that the Pledgor replaces the same with Equipment of equal or greater value, the Pledgor may dispose of the obsolete or unnecessary Equipment free and clear of the lien of this Agreement), and shall keep all of the Equipment insured in accordance with its past practices and in accordance with commercially reasonable industry practice (including as to coverage amounts and deductibles).
Maintenance; Insurance. Maintain, and cause each of its Subsidiaries to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which Aerial or such Subsidiary operates.
Maintenance; Insurance. At all times during the Term of this Sublease, Subtenant agrees to carry standard form “All Risk” property insurance on its property located at the Subleased Premises for full replacement thereof and shall provide Sublandlord and Master Landlord with a certificate of insurance reflecting such coverage. Such insurance shall include a provision whereby the insurer agrees not to cancel the insurance policy without thirty (30) days prior notice to the Sublandlord.
Maintenance; Insurance. Before the Post-Facility Lease Date the Landlord and after the Post-Facility Lease Date the Tenant shall, at its own cost and expense:
(a) maintain the Site Lease Property in accordance with the provisions of paragraphs (a), (b), (c) and (d) of Section 8 of the Facility Lease, which provisions are by this reference incorporated herein; and
(b) maintain with respect to the Site Lease Property the insurance coverage required by Section 7 of the Facility Lease with respect thereto, except that, subject to Section 7 of the Facility Lease, losses under such insurance shall be payable directly to the Landlord and the Tenant as their respective interests may appear.
