Maintenance of Collateral; Compliance with Law. Except to the extent that any Grantor in its reasonable good faith judgment determines that any such action is not necessary or desirable in the conduct of such Grantor’s business: (a) each Grantor shall have the duty to prosecute diligently any patent applications, copyright applications and trademark registrations pending as of the date of this Agreement or thereafter and to obtain, preserve and maintain all rights in the Registered Intellectual Property that is Intellectual Property Collateral owned by any Grantor, including without limitation validly obtaining and duly recording with PTO, patent assignments from the inventors of patentable inventions and the payment when due of all maintenance fees and other fees, taxes and other expenses which shall be incurred or which shall accrue with respect to any of the Intellectual Property; (b) no Grantor shall abandon any filed application, or any pending application or any Registered Intellectual Property that is Intellectual Property Collateral owned by any Grantor without the consent of the Agent, which consent shall not be unreasonably withheld; and (c) each Grantor shall maintain all Collateral in good workable condition, ordinary wear and tear excepted, and will not knowingly use the same in violation of any law or any policy of insurance thereon. Upon reasonable prior written notice to the applicable Grantor of not less than five (5) business days, except that no such notice shall be required following the occurrence and during the continuance of a Default or Event of Default, the Agent or its designee may inspect the Collateral during normal business hours, wherever located. Each Grantor will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with this Agreement. Each Grantor has at all times operated, and each Grantor will continue to operate, its business in compliance with all applicable provisions of the federal Fair Labor Standards Act.
Maintenance of Collateral; Compliance with Law. The Company will keep the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon. SECURED PARTY, or its designee, may inspect the Collateral at any reasonable time, wherever located. The Company will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this Agreement. The Company has at all times operated, and the Company will continue to operate, its business in compliance with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances.
Maintenance of Collateral; Compliance with Law. Each Grantor shall use commercially reasonable efforts to acquire or develop any Intellectual Property necessary for its current or contemplated future business, and if such Intellectual Property is material to the business of, and owned by, the Grantors and registration is available, use commercially reasonable efforts to cause such Intellectual Property to be Registered Intellectual Property for so long as such Intellectual Property remains material to the business. Except to the extent that any Grantor in its reasonable good faith judgment determines that any such action is not necessary or desirable in the conduct of such Grantor’s business: (a) each Grantor shall have the duty to prosecute diligently any patent applications, copyright applications and trademark registrations pending as of the date of this Agreement or thereafter and to obtain, preserve and maintain all rights in the Registered Intellectual Property that is Intellectual Property Collateral owned by any Grantor, including without limitation validly obtaining and duly recording with PTO, patent assignments from the inventors of patentable inventions and the payment when due of all maintenance fees and other fees, taxes and other expenses which shall be incurred or which shall accrue with respect to any of the Intellectual Property; (b) no Grantor shall abandon any filed application, or any pending application or any Registered Intellectual Property that is Intellectual Property Collateral owned by any Grantor without the consent of the Collateral Agent, which consent shall not be unreasonably withheld; and (c) each Grantor shall maintain all Collateral which are necessary or useful in the proper conduct of its business in good workable condition, ordinary wear and tear excepted, and will not knowingly use the same in violation of any law or any policy of insurance thereon. Upon reasonable prior written notice to the applicable Grantor of not less than five (5) Business Days, except that no such notice shall be required following the occurrence and during the continuance of a Default or Event of Default, the Collateral Agent or its designee may inspect the Collateral during normal business hours, wherever located. Each Grantor will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with this Agreement, except to the extent contested in good faith by proper proceedings which stay the imposition of any penalty, fine or...
Maintenance of Collateral; Compliance with Law. The Assignors will keep the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon. The Administrative Agent, or its designee, may inspect the Collateral at any reasonable time, wherever located. The Assignors will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this Agreement; PROVIDED that any such taxes, assessments, governmental charges and levies need not be paid if the validity or amount thereof shall currently be contested in good faith by appropriate proceedings and if adequate reserves with respect thereto shall have been set aside on its books; and PROVIDED FURTHER that all such taxes, assessments, governmental charges and levies shall be paid forthwith upon the commencement of proceedings to foreclose any Lien that may have attached as security therefor. Each of the Assignors has at all times operated, and each Assignor will continue to operate, its business in compliance with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances.
Maintenance of Collateral; Compliance with Law. The Obligor will keep its Collateral in good order and repair, ordinary wear and tear excepted, and will not use the same in violation of law or any policy of insurance therein. The Collateral Agent, or its designee, may inspect the Collateral at any reasonable time, wherever located. The Obligor will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this amended and restated security agreement except to the extent otherwise expressly permitted by the Amended and Restated Credit Agreement. The Obligor has at all times operated and will continue to operate its business in compliance with all applicable provisions of federal, provincial and local statutes and regulations dealing with the control, shipment, storage or disposal of hazardous materials or substances, except where a failure to so comply would not have a Material Adverse Effect (as defined in the Amended and Restated Credit Agreement).
Maintenance of Collateral; Compliance with Law. The Company will keep the Collateral in good order and repair and will not use the same in material violation of law or any policy of insurance thereon. The Bank, or its designee, may inspect the Collateral at any reasonable time, wherever located. The Company will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this Agreement. The Company has at all times operated, and the Company will continue to operate, its business in compliance with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances. Within ten (10) days of the date hereof, and thereafter from time to time upon request of the Bank (but no more often than quarterly if no Event of Default has occurred and is continuing), the Company will provide the Bank with a schedule identifying all customer locations at which vending machines or other Collateral is located (which Schedule will include the name and address of such customers and the vending machines and other Collateral located thereat).
Maintenance of Collateral; Compliance with Law. The Company will not use the Collateral in violation of law or any policy of insurance thereon. The Company will pay promptly when due all taxes (or timely file for an extension to pay such taxes, assessments, governmental charges or levies), assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this Agreement. The Company has at all times operated, and the Company will continue to operate, its business in compliance in all material respects with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances.
Maintenance of Collateral; Compliance with Law. The Borrower will require the underlying lessee to keep the Collateral in good order and repair and will not, and will require the underlying lessee not to, use the same in violation of law or any policy of insurance thereon. Subject to the rights of any lessee, the Lender, or its designee, may inspect the Collateral at any reasonable time, wherever located. The Borrower will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this Agreement. The Borrower has at all times operated, and the Borrower will continue to operate, its business in compliance with all applicable provisions of the federal Fair Labor Standards Act, as amended.
Maintenance of Collateral; Compliance with Law. AmeriKing will keep ---------------------------------------------- the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon. The Agent, or its designee, may inspect the Collateral at any reasonable time, wherever located. AmeriKing will pay promptly when due all taxes (except as expressly set forth in (S)8.8 of the Credit Agreement), assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this Agreement. AmeriKing has at all times operated, and AmeriKing will continue to operate, its business in compliance with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances.
Maintenance of Collateral; Compliance with Law. The Borrower will ---------------------------------------------- keep the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon. The Agent, or its designee, may inspect the Collateral at any reasonable time, wherever located. The Borrower will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this Agreement, (other than such items contested in good faith and in accordance with (S)9.8 of the Credit Agreement). The Borrower has at all times operated, and the Borrower will continue to operate, its business in compliance with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances.
