Common use of Maintenance of Insurance Clause in Contracts

Maintenance of Insurance. The Company shall, and shall cause its Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 201 contracts

Samples: Senior Indenture (Natural Gas Services Group Inc), Subordinated Indenture (Falcon Aero Holdings LLC), Senior Indenture (Falcon Aero Holdings LLC)

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Maintenance of Insurance. The Company shallshall maintain, and shall cause each of its Subsidiaries toto maintain, keep at insurance with responsible and reputable insurance companies or associations (including, without limitation, comprehensive general liability, hazard, rent and business interruption insurance) with respect to its properties (including all times all of their real properties which are of an insurable nature insured against loss leased or damage owned by it) and business, in such amounts and covering such risks as is required by any governmental authority having jurisdiction with insurers believed by the Company to be responsible to the extent that property of similar character respect thereto or as is usually so insured by corporations similarly situated and owning like properties carried generally in accordance with good sound business practicepractice by companies in similar businesses similarly situated.

Appears in 82 contracts

Samples: Securities Purchase Agreement (Blue Ocean Acquisition Corp), Securities Purchase Agreement (TNL Mediagene), Securities Purchase Agreement (Adagio Medical Holdings, Inc.)

Maintenance of Insurance. The Company shall, and shall cause each of its Material Subsidiaries to, keep at all times all of their maintain insurance in such amounts and covering such risks with respect to its business and properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character as is usually so insured carried by corporations similarly situated companies engaged in similar businesses and owning like properties similar properties, either with reputable insurance companies or, in accordance whole or in part, by establishing reserves or one or more insurance funds, either alone or with good business practiceother corporations or associations.

Appears in 18 contracts

Samples: Revolving Credit Agreement (Consumers Energy Co), Term Loan Credit Agreement (Consumers Energy Co), Term Loan Credit Agreement (CMS Energy Corp)

Maintenance of Insurance. The Company shall, and shall cause its Restricted Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 13 contracts

Samples: Indenture (Texas Unwired), Indenture (Texas Unwired), Indenture (Poindexter J B & Co Inc)

Maintenance of Insurance. The Company shall, and shall cause each of its Restricted Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character usually is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 11 contracts

Samples: Indenture (E.W. SCRIPPS Co), Indenture (E.W. SCRIPPS Co), Indenture (E.W. SCRIPPS Co)

Maintenance of Insurance. The Company shall, and shall cause each of its Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured maintain liability, casualty and other insurance (including self-insurance consistent with prior practice) with responsible insurance companies in such amounts and against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character such risks as is usually so insured by corporations similarly situated and owning like properties in accordance with good business practicecustomary industry practice in the general areas in which the Company and its Subsidiaries operate.

Appears in 9 contracts

Samples: Indenture (Clark Material Handling Co), Indenture (Terex Corp), Indenture (Louisiana Casino Cruises Inc)

Maintenance of Insurance. The Company shall, and shall cause its Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice. The Company shall, and shall cause its Subsidiaries to, use the proceeds from any such insurance policy to repair, replace or otherwise restore the property to which such proceeds relate.

Appears in 8 contracts

Samples: Indenture (Hollywood Theaters Inc), Indenture (Big 5 Holdings Corp), Indenture (Philip Services Corp/De)

Maintenance of Insurance. The Company shall, and shall cause its Subsidiaries any Subsidiary Guarantors to, keep at all times all of their properties which are of an insurable nature insured against loss or damage damage, and to maintain liability insurance, with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured insured, or liability insurance usually is so maintained, by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 7 contracts

Samples: Indenture (Sealed Air Corp/De), Indenture (Sealed Air Corp/De), Indenture (Sealed Air Corp/De)

Maintenance of Insurance. The Company shallshall maintain, and the Company shall cause each of its Subsidiaries toto maintain, keep at insurance with responsible and reputable insurance companies or associations (including, without limitation, comprehensive general liability, hazard, rent and business interruption insurance) with respect to its properties (including all times all of their real properties which are of an insurable nature insured against loss leased or damage owned by it) and business, in such amounts and covering such risks as is required by any governmental authority having jurisdiction with insurers believed by the Company to be responsible to the extent that property of similar character respect thereto or as is usually so insured by corporations similarly situated and owning like properties carried generally in accordance with good sound business practicepractice by companies in similar businesses similarly situated.

Appears in 6 contracts

Samples: Eighth Supplemental Indenture (Tellurian Inc. /De/), Ninth Supplemental Indenture (Tellurian Inc. /De/), Securities Purchase Agreement (Tellurian Inc. /De/)

Maintenance of Insurance. The Company shall, and shall cause its Restricted Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured (which may include self insurance) against loss or damage with insurers believed by the Company or such Restricted Subsidiary to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 6 contracts

Samples: Indenture (Sanmina Corp), Indenture (Sanmina-Sci Corp), Indenture (Sanmina-Sci Corp)

Maintenance of Insurance. The Company shall, and shall cause each of its Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character usually is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 5 contracts

Samples: Indenture (Phonetel Technologies Inc), Indenture (Phonetel Technologies Inc), Indenture (Phonetel Technologies Inc)

Maintenance of Insurance. The Company shall, and shall cause each of its Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured maintain liability, casualty and other insurance (including self-insurance consistent with prior practice) with responsible insurance companies in such amounts and against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character such risks as is usually so insured by corporations similarly situated and owning like properties in accordance with good business practicecustomary industry practice in the general areas in which the Issuers and the Subsidiaries operate.

Appears in 5 contracts

Samples: Indenture (Peninsula Gaming Corp), Indenture (Majestic Star Casino LLC), Indenture (Majestic Investor Capital Corp)

Maintenance of Insurance. The Company shallshall maintain, and the Company shall cause each of its Subsidiaries toto maintain, keep at insurance with responsible and reputable insurance companies or associations (including, without limitation, comprehensive general liability, hazard, rent and business interruption insurance) with respect to its properties (including all times all of their real properties which are of an insurable nature insured against loss leased or damage owned by it) and business, in such amounts and covering such risks as is required by any governmental authority having jurisdiction with insurers believed by the Company to be responsible to the extent that property of similar character respect thereto or as is usually so insured by corporations similarly situated and owning like properties carried generally in accordance with good customary business practicepractice by companies in similar businesses similarly situated.

Appears in 4 contracts

Samples: Third Note Amendment (Velo3D, Inc.), Note Amendment (Velo3D, Inc.), Note Amendment (Velo3D, Inc.)

Maintenance of Insurance. The Company shall, and shall cause its Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage damage, and to maintain liability insurance, with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured insured, or liability insurance usually is so maintained, by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 4 contracts

Samples: Indenture (Nii Holdings Inc), Indenture (Nii Holdings Inc), Indenture (Nii Holdings Inc)

Maintenance of Insurance. The Company shall, and shall cause its Restricted Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured (which may include self-insurance) against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured or self-insured by corporations similarly situated and owning like properties in accordance with good customary business practicepractices.

Appears in 3 contracts

Samples: Indenture (Russel Metals Inc), Indenture (Ainsworth Lumber Co LTD), Indenture (Ainsworth Lumber Co LTD)

Maintenance of Insurance. The Company shall, and shall cause its Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice. The Company shall, and shall cause its Subsidiaries to, use an amount equal to not less than the proceeds from any such insurance policy to repair, replace or otherwise restore the property to which such proceeds relate.

Appears in 2 contracts

Samples: Indenture (Phillips Van Heusen Corp /De/), Indenture (Phillips Van Heusen Corp /De/)

Maintenance of Insurance. The Company shall, and shall cause its Restricted Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible or in the case of insurance coverage, to self insure in each case to the extent that property extent, in the judgment of similar character is usually the Company, to do so insured by corporations similarly situated and owning like properties in accordance comports with good business practice.

Appears in 2 contracts

Samples: Indenture (Oci Holdings Inc), Indenture (Oci Holdings Inc)

Maintenance of Insurance. The Company shallshall maintain, and shall cause each of its Subsidiaries toto maintain, keep at insurance with responsible and reputable insurance companies or associations (including, without limitation, comprehensive general liability, hazard, rent and business interruption insurance) with respect to its properties (including all times all of their real properties which are of an insurable nature insured against loss leased or damage owned by it) and business, in such amounts and covering such risks as is required by any governmental authority having jurisdiction with insurers believed by the Company to be responsible to the extent that property of similar character respect thereto or as is usually so insured by corporations similarly situated and owning like properties carried generally in accordance with good sound business practicepractice by companies in similar businesses similarly situated, except as could not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Fuelcell Energy Inc), Underwriting Agreement (Fuelcell Energy Inc)

Maintenance of Insurance. The Company shallshall maintain, and shall cause its Subsidiaries to, keep at all times all each of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company Subsidiaries to maintain, such insurance in such amounts as are reasonable to cover such risks management of the Company and each of the Company Subsidiaries reasonably has determined to be responsible prudent and as are customary in relation to the extent that property character and location of similar character is usually so insured by corporations similarly situated its and owning like their respective properties in accordance and the nature of its and their respective businesses consistent with good business practicepast practices.

Appears in 1 contract

Samples: Merger Agreement (Naugatuck Valley Financial Corp)

Maintenance of Insurance. The Company shallshall maintain, and shall cause each of its Subsidiaries toto maintain, keep at insurance with responsible and reputable insurance companies or associations with respect to its properties (including all times all of their real properties which are of an insurable nature insured against loss leased or damage owned by it) and business, in such amounts and covering such risks as is required by any governmental authority having jurisdiction with insurers believed by the Company to be responsible to the extent that property of similar character respect thereto or as is usually so insured by corporations similarly situated and owning like properties carried generally in accordance with good sound business practicepractice by companies in similar businesses similarly situated.

Appears in 1 contract

Samples: Subordination Agreement (Ads in Motion, Inc.)

Maintenance of Insurance. The Company shallshall maintain, and shall cause each of its Subsidiaries toto maintain, keep at all times all of their insurance with responsible and reputable insurance companies or associations with respect to its properties which are of an insurable nature insured against loss and business, in such amounts and covering such risks as is required by any governmental authority having jurisdiction with respect thereto or damage with insurers believed by the Company to be responsible to the extent that property of similar character as is usually so insured by corporations similarly situated and owning like properties carried generally in accordance with good sound business practicepractice by companies in similar businesses similarly situated.

Appears in 1 contract

Samples: Secured Promissory Note (Cool Technologies, Inc.)

Maintenance of Insurance. The Company shall, and the Company shall cause its Restricted Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage damage, to provide required financial assurances to governmental agencies under applicable environmental regulations relating to its landfill and collection operations and to maintain liability insurance, with insurers believed by the Company to be responsible responsible, in each case to the extent that property extent, in the judgment of similar character is usually the Company, to do so insured by corporations similarly situated and owning like properties in accordance comports with good business practice.

Appears in 1 contract

Samples: Indenture (Allied Waste Industries Inc)

Maintenance of Insurance. The Company shall, and shall cause each of its Restricted Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured in- sured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character usually is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 1 contract

Samples: Indenture (E.W. SCRIPPS Co)

Maintenance of Insurance. The Company shall, and the ------------------------- Company shall cause its Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 1 contract

Samples: Indenture (Afc Enterprises Inc)

Maintenance of Insurance. The Company shall, and shall cause its Subsidiaries to, keep at all times all of their material properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 1 contract

Samples: Indenture (Forest City Enterprises Inc)

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Maintenance of Insurance. The Company shall, shall and shall cause each of its Subsidiaries to, keep at all times all of their properties Properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property Property of similar character characteristics is usually so insured by corporations similarly situated and owning like properties Properties in accordance with good business practice.

Appears in 1 contract

Samples: Indenture (Grupo Financiero Galicia Sa)

Maintenance of Insurance. The Company shall, and shall cause each of its Material Subsidiaries to, keep at all times all of their properties its Properties which are of an insurable nature insured against loss or damage with insurers believed by the Company or any such Material Subsidiary, as the case may be, to be responsible to the extent that property Property of similar character characteristics is usually so insured by corporations similarly situated and owning like properties Properties in accordance with good business practice.

Appears in 1 contract

Samples: Indenture (Telefonica of Argentina Inc)

Maintenance of Insurance. 44 The Company shall, and shall cause its Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 1 contract

Samples: Subordinated Indenture (Lynden USA Inc.)

Maintenance of Insurance. The Company shall, and shall cause its Restricted Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property appropriate in the judgment of similar character is usually so insured by corporations similarly situated and owning like properties the Company in accordance with good business practice.

Appears in 1 contract

Samples: Indenture (Western Wireless Corp)

Maintenance of Insurance. The Company shall, and shall cause its Restricted Subsidiaries to, keep at all times all of its and their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 1 contract

Samples: Indenture (Pathology Building Partnership)

Maintenance of Insurance. The Company shall, and shall cause its Subsidiaries to, keep at all times all maintain and will cause each of their properties which are its Subsidiaries to maintain (either in the name of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated or in such Subsidiary's own name) with financially sound and owning like reputable insurers, insurance on all its properties in accordance with good business practicesuch amounts as management of the Company reasonably determines is appropriate under the circumstances.

Appears in 1 contract

Samples: Indenture (Superior Financial Corp /Ar/)

Maintenance of Insurance. The Company shall, and shall cause its Restricted Subsidiaries to, keep at all times all of their material properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.. The Company shall, and shall cause its Restricted Subsidiaries to, use

Appears in 1 contract

Samples: Indenture (Group Maintenance America Corp)

Maintenance of Insurance. The Company shall, and shall cause its Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 1 contract

Samples: Subordinated Indenture (EXCO Holding MLP, Inc.)

Maintenance of Insurance. The Company shall, and shall cause its Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations 12 similarly situated and owning like properties in accordance with good business practice.

Appears in 1 contract

Samples: Junior Subordinated Note (Quality Dining Inc)

Maintenance of Insurance. The Company shall, and shall cause its Subsidiaries Subsidiary Guarantors to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.or

Appears in 1 contract

Samples: Indenture (Liberty Group Management Services Inc)

Maintenance of Insurance. The Company It shall, and shall cause its Subsidiaries ------------------------ subsidiaries to, insure and keep at all times insured, with insurers and upon customary terms, all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that its property of similar character is usually so and assets customarily insured by corporations similarly situated companies carrying on a similar business or owning or operating similar property and owning like properties in accordance assets against the customary risks and for the customary amounts, and shall provide the Lender, when requested, with good business practicecopies of all such insurance policies.

Appears in 1 contract

Samples: Revolving Loan, Guaranty and Security Agreement (Apollo Gold Corp)

Maintenance of Insurance. The Company shall, and shall cause any of its Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice. The Company shall, and shall cause any of its Subsidiaries to, use the proceeds from any such insurance policy to repair, replace or otherwise restore the property to which such proceeds relate.

Appears in 1 contract

Samples: Indenture (R H Donnelley Corp)

Maintenance of Insurance. The Company shallshall maintain, and shall cause each of its material 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 the Company or its Subsidiaries tooperate, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by provided that the Company to be responsible or any of its Subsidiaries may self-insure to the extent that property and in the manner normal for companies of similar character is usually so insured by corporations similarly situated like size, type and owning like properties in accordance with good business practicefinancial condition.

Appears in 1 contract

Samples: Term Loan Agreement (Williams Companies Inc)

Maintenance of Insurance. The Company shall, and shall cause each of its Restricted Subsidiaries to, keep at all times all of their its properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character usually is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 1 contract

Samples: Indenture (Young Broadcasting Inc /De/)

Maintenance of Insurance. The Company shall, and shall cause each of its Subsidiaries subsidiaries to, keep at all times all of their material properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character usually is usually so insured by corporations companies similarly situated in like businesses and geographic areas and owning like properties in accordance with good business practicepractice and said insurance is commonly available at commercially reasonable rates.

Appears in 1 contract

Samples: Shareholder Agreement (Medcross Inc)

Maintenance of Insurance. The Company shall, and shall cause its Subsidiaries Subsidiary Guarantors to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties property, in accordance with good business practice.the reasonable good

Appears in 1 contract

Samples: Indenture (Queen Sand Resources Inc)

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