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

Maintenance of Properties and Intellectual Property Rights. Parent and each Borrower will, and will cause each other Loan Party and its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition sufficient and advisable for the ordinary operations of such Loan Party, and (b) obtain and maintain in effect at all times all material franchises, governmental authorizations, intellectual property rights (including applications and registrations of the same), licenses and permits, which are necessary for it to own its property or conduct its business as conducted on the date of this Agreement.

Maintenance of Properties and Intellectual Property Rights. Parent and each Each Borrower will, and will cause each other Loan Party and its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition sufficient and advisable for the ordinary operations of such Loan Party, and (b) obtain and maintain in effect at all times all material franchises, governmental authorizations, intellectual property rights (including applications and registrations of the same)rights, licenses and permits, which are necessary for it to own its property or conduct its business as conducted on the date of this Agreement.

Maintenance of Properties and Intellectual Property Rights. Parent and each Each Borrower will, and will cause each other Loan Party and its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition sufficient and advisable for the ordinary operations of such Loan Party, and (b) obtain and maintain in effect at all times all material franchises, governmental authorizations, intellectual property rights (including applications and registrations of the same)rights, licenses and permits, which are necessary for it to own its property or conduct its business as conducted on the date of this Agreement.. SECTION 5.06

Maintenance of Properties and Intellectual Property Rights. Parent and each Each Borrower will, and will cause each other Loan Party and its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition sufficient and advisable for the ordinary operations of such Loan Party, and (b) obtain and maintain in effect at all times all material franchises, governmental authorizations, intellectual property rights (including applications rights, Amended and registrations of the same), Restated Credit Agreement – Independence Contract Drilling #33621191 licenses and permits, which are necessary for it to own its property or conduct its business as conducted on the date of this Agreement.