Common use of Maintenance of Assets Clause in Contracts

Maintenance of Assets. Each of the Borrowers will, and will cause its Subsidiaries to, maintain and preserve its Properties and all other assets in good repair, working order and condition, normal wear and tear excepted, and will make, or cause to be made, in the Properties and other assets, from time to time, all repairs, renewals, replacements, extensions, additions, betterments and improvements thereto as may be needed or proper, to the extent and in the manner customary for companies in similar businesses.

Maintenance of Assets. Each of the Borrowers willshall maintain and keep, and will cause procure that each of its Subsidiaries to, shall maintain and preserve its Properties and keep, all other assets properties used or useful in the conduct of their respective business in good repaircondition, repair and working order and condition, normal (ordinary wear and tear excepted, ) and supplied with all necessary equipment and will make, or cause to be made, in the Properties and other assets, from time to time, all necessary repairs, renewals, replacements, extensions, additions, betterments renewals and improvements thereto as replacements thereof so that the business carried on in connection therewith and every material portion thereof may be needed or proper, properly conducted at all times except where the failure to the extent and do so would not be reasonably likely to result in the manner customary for companies in similar businessesa Material Adverse Change.