Common use of Maintenance of Properties and Assets Clause in Contracts

Maintenance of Properties and Assets. The Borrower shall maintain, preserve, protect and keep its properties in good repair, working order and condition (ordinary wear and tear excepted), maintain and preserve good and marketable title thereto, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly and advantageously conducted at all times, except where the failure to maintain, preserve, protect or keep such properties would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Nui Corp /Nj/), Credit Agreement (Nui Corp /Nj/)

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Maintenance of Properties and Assets. The Borrower shall maintain, preserve, protect preserve and keep all its properties and assets in good repair, working order and condition (ordinary wear condition, and tear excepted)make, maintain or cause to be made, all necessary or appropriate repairs, renewals, replacements, substitutions, additions, betterments, and preserve good and marketable title improvements thereto, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may efficiency of all such properties and assets shall at all times be properly preserved and advantageously conducted at all times, except where the failure to maintain, preserve, protect or keep such properties would not have a Material Adverse Effectmaintained.

Appears in 2 contracts

Samples: Mortgage Loan Warehouse and Security Agreement (Community Home Mortgage Corp), Loan and Security Agreement (Ronson Corp)

Maintenance of Properties and Assets. The Borrower shall and cause its Subsidiaries to maintain, preserve, protect and keep its their respective properties in good repair, working order and condition (ordinary wear and tear excepted), maintain and preserve good and marketable title thereto, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly and advantageously conducted at all times, except where the failure to maintain, preserve, protect or keep such properties would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Nui Corp /Nj/)

Maintenance of Properties and Assets. The Borrower shall maintain, preserve, protect will keep and keep maintain its properties and assets in good operating condition and repair, working order and condition (ordinary wear and tear excepted), maintain and preserve good and marketable title thereto, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly and advantageously conducted at all times, except where the failure to maintain, preserve, protect or keep such properties would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement

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Maintenance of Properties and Assets. The Borrower shall maintainmaintain keep and preserve all of its Collateral, preserve, protect and keep its properties necessary or useful in the proper conduct of their business in good repair, working order and condition (condition, and shall not permit any action or omission that might materially impair the value thereof, ordinary wear and tear excepted), maintain and preserve good and marketable title thereto, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly and advantageously conducted at all times, except where the failure to maintain, preserve, protect or keep such properties would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Facility Agreement (Cadista Holdings Inc.)

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