Common use of Maintenance of Assets Clause in Contracts

Maintenance of Assets. Maintain all of the Assets or replacements thereof and improvements thereon in current condition (ordinary wear and tear excepted), and use, operate and maintain all of the above assets in a reasonable manner, with inventories or spare parts and expendable supplies being maintained at levels consistent with past practices;

Appears in 9 contracts

Samples: Asset Purchase Agreement (American Radio Systems Corp /Ma/), Asset Purchase Agreement (American Radio Systems Corp /Ma/), Asset Purchase Agreement (American Radio Systems Corp /Ma/)

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Maintenance of Assets. Maintain all of the Assets or replacements thereof and improvements thereon in current good condition (ordinary wear and tear excepted), and use, operate and maintain all of the above assets in a reasonable manner, with inventories or spare parts and expendable supplies being maintained at levels consistent with past practices;

Appears in 2 contracts

Samples: Asset Purchase Agreement (Paxson Communications Corp), Asset Purchase Agreement (American Radio Systems Corp /Ma/)

Maintenance of Assets. Maintain all of the Assets or replacements thereof and improvements thereon in their current condition (ordinary wear and tear excepted), and use, operate operate, and maintain all of the above assets Assets in a reasonable manner, with inventories or of spare parts and expendable supplies being maintained at levels consistent with past practices;

Appears in 2 contracts

Samples: Asset Purchase Agreement (American Radio Systems Corp /Ma/), Asset Purchase Agreement (Ez Communications Inc /Va/)

Maintenance of Assets. Maintain all of the Assets or replacements thereof to maintain and improvements thereon keep its properties and assets in current as good repair and condition (as at present, ordinary wear and tear excepted), and use, operate maintain supplies and maintain all of the above assets inventories in a reasonable manner, with inventories or spare parts and expendable supplies being maintained at levels quantities consistent with past practices;its customary business practice; and

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Natco Group Inc), Agreement and Plan of Merger (Natco Group Inc)

Maintenance of Assets. Maintain all of the Assets or replacements thereof in good working condition and improvements thereon in current condition (ordinary repair, normal wear and tear and aging excepted), replace all items of machinery and useequipment at time intervals consistent with past practices and replace, operate and maintain all of the above assets in a reasonable manner, with inventories or spare parts and expendable supplies being maintained at levels consistent with past practices, any of the assets that may be damaged or destroyed;

Appears in 1 contract

Samples: Asset Purchase Agreement (Allied Defense Group Inc)

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Maintenance of Assets. Maintain all of the Assets or --------------------- replacements thereof and improvements thereon in current condition (ordinary wear and tear excepted), and use, operate and maintain all of the above assets in a reasonable manner, with inventories or spare parts and expendable supplies being maintained at levels consistent with past practices;

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /De/)

Maintenance of Assets. Maintain all of the Assets or replacements thereof and improvements thereon in current condition (ordinary wear good working order and tear excepted), and use, operate and maintain all of the above assets in a reasonable mannerrepair, with inventories or of spare parts and expendable supplies being maintained at levels consistent with past practicespractices and at normal and adequate amounts needed to operate the Business in the usual and customary manner;

Appears in 1 contract

Samples: Asset Purchase Agreement (Impart Media Group Inc)

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