Maintenance of Equipment. The Borrower will maintain each item of Equipment in good operating condition, ordinary wear and tear and immaterial impairments of value and damage by the elements excepted, and will provide all maintenance, service and repairs necessary for such purpose.
Appears in 8 contracts
Samples: Security Agreement (Intellinetics, Inc.), Security Agreement (Inergetics Inc), Security Agreement (Bridgeline Digital, Inc.)
Maintenance of Equipment. The Borrower Debtor will maintain each item of Equipment in good operating condition, ordinary wear and tear and immaterial impairments of value and damage by the elements excepted, and will provide all maintenance, service and repairs necessary for such purpose.
Appears in 3 contracts
Samples: Modification Agreement (Natural Gas Services Group Inc), Loan Agreement (Natural Gas Services Group Inc), Security Agreement (TMBR Sharp Drilling Inc)
Maintenance of Equipment. The Each Borrower will maintain each item ------------------------ of Equipment in good operating condition, ordinary wear and tear and immaterial impairments of value and damage by the elements excepted, and will provide all maintenance, service and repairs necessary for such purpose.
Appears in 2 contracts
Samples: Security Agreement (Mac-Gray Corp), Security Agreement (Mac-Gray Corp)
Maintenance of Equipment. The Borrower will maintain each item of its Equipment and each of its Motor Vehicles in good normal operating condition, ordinary wear and tear and immaterial impairments of value and damage by the elements excepted, and will provide timely make or cause to be made all maintenancenecessary repairs, service replacements, and repairs necessary for such purposeother improvements in connection therewith.
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement
Maintenance of Equipment. The Borrower will shall keep and maintain each item of Equipment the equipment in good operating condition and repair (ordinary wear and tear excepted), and make all necessary replacements thereto to maintain equipment in good operating condition, ordinary wear and tear and immaterial impairments except for property which, in the good faith of value and damage by Borrower, may no longer be profitably employed in the elements excepted, and will provide all maintenance, service and repairs necessary for such purposebusiness of Borrower.
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Maintenance of Equipment. The Borrower will shall keep and maintain each item of the Equipment in good operating condition, condition and repair (ordinary wear and tear excepted), and immaterial impairments of make all necessary replacements thereto so that the value and damage by the elements excepted, operating efficiency thereof shall at all times be maintained and will provide all maintenance, service and repairs necessary for such purposepreserved.
Appears in 1 contract
Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc)
Maintenance of Equipment. The Borrower will maintain each item of ------------------------ Equipment in good operating condition, ordinary wear and tear and immaterial impairments of value and damage by the elements excepted, and will provide all maintenance, service and repairs necessary for such purpose.
Appears in 1 contract
Samples: Loan and Security Agreement (Sizzler International Inc)
Maintenance of Equipment. The Borrower will maintain each material item of Equipment constituting Collateral in good operating condition, ordinary wear and tear and immaterial impairments of value and damage by the elements excepted, and will provide all maintenance, service and repairs necessary for such purpose, except to the extent that the failure to do any of the foregoing would not be reasonably expected to have a Material Adverse Effect.
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