Common use of Maintenance of Properties and Intellectual Property Rights Clause in Contracts

Maintenance of Properties and Intellectual Property Rights. Each Loan Party will do all things necessary to (i) maintain, preserve, protect and keep its Property in good repair, working order and condition, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly conducted at all times and (ii) obtain and maintain in effect at all times all material franchises, governmental authorizations, Intellectual Property Rights, licenses and permits, which are necessary for it to own its Property or conduct its business as conducted on the Closing Date.

Maintenance of Properties and Intellectual Property Rights. Each Loan Party will do all things necessary to (i) maintain, preserve, protect and keep its Property in good repair, working order and condition, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly conducted at all times and (ii) obtain and maintain in effect at all times all material franchises, governmental authorizations, Intellectual Property Rights, licenses and permits, which are necessary for it to own its Property or conduct its business as conducted on the Closing Effective Date.

Maintenance of Properties and Intellectual Property Rights. Each Borrower will, and will cause each other Loan Party will do and its Subsidiaries to, (a) keep and maintain all things necessary property material to (i) maintain, preserve, protect and keep the conduct of its Property business in good repair, working order and conditioncondition sufficient and advisable for the ordinary operations of such Loan Party, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly conducted at all times and (iib) obtain and maintain in effect at all times all material franchises, governmental authorizations, Intellectual Property Rightsintellectual property rights, licenses and permits, which are necessary for it to own its Property property or conduct its business as conducted on the Closing Datedate of this Agreement.

Maintenance of Properties and Intellectual Property Rights. Each Loan Party will, and will do cause its Subsidiaries to, (a) keep and maintain all things necessary property material to (i) maintain, preserve, protect and keep the conduct of its Property business in good repair, working order and conditioncondition sufficient and advisable for the ordinary operations of such Loan Party, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly conducted at all times and (iib) obtain and maintain in effect at all times all material franchises, governmental authorizations, Intellectual Property Rightsintellectual property rights, licenses and permits, which are necessary for it to own its Property property or conduct its business as conducted on the Closing Datedate of this Agreement.

Maintenance of Properties and Intellectual Property Rights. Each Loan Party will do all things necessary to (ia) maintain, preserve, protect and keep its Property in good repair, working order and condition, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly conducted at all times and (iib) obtain and maintain in effect at all times all material franchises, governmental authorizations, Intellectual Property Rights, licenses and permits, which are necessary for it to own its Property or conduct its business as conducted on the Closing Date.