Common use of Maintenance of Properties and Assets Clause in Contracts

Maintenance of Properties and Assets. The Borrower shall maintain, preserve and keep all its properties and assets in good repair, working order and condition, and make, or cause to be made, all necessary or appropriate repairs, renewals, replacements, substitutions, additions, betterments, and improvements thereto, so that efficiency of all such properties and assets shall at all times be properly preserved and maintained.

Maintenance of Properties and Assets. The Borrower shall maintain, preserve preserve, protect and keep all its properties and assets in good repair, working order and conditioncondition (ordinary wear and tear excepted), maintain and preserve good and marketable title thereto, and make, or cause to be made, make all necessary or appropriate and proper repairs, renewals, replacements, substitutions, additions, betterments, renewals and improvements thereto, replacements so that efficiency of 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 and assets shall at all times be properly preserved and maintainedwould not have a Material Adverse Effect.