Common use of Maintenance of Properties and Leases Clause in Contracts

Maintenance of Properties and Leases. Borrower shall maintain, keep and preserve all of its material properties (tangible and intangible) including the Mortgaged Properties in good repair and working order, ordinary wear and tear excepted. Borrower shall replace and improve its material properties as necessary for the conduct of its business. Borrower and each Subsidiary shall comply in all material respects with all leases naming it as lessee.

Appears in 3 contracts

Samples: Credit Agreement (Asc East Inc), Credit Agreement (American Skiing Co /Me), Credit Agreement (American Skiing Co /Me)

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Maintenance of Properties and Leases. Borrower shall maintain, keep and preserve all of its material properties (tangible and intangible) ), including the Mortgaged Properties Properties, in good repair and working order, ordinary wear and tear excepted. Borrower shall replace and improve its material properties as necessary for the conduct of its business. Borrower and each Subsidiary shall comply in all material respects with all leases Leases naming it as lessee.

Appears in 1 contract

Samples: Credit Agreement (American Skiing Co /Me)

Maintenance of Properties and Leases. The Borrower shall maintain, keep and preserve all of its material properties (tangible and intangible) including the Mortgaged Properties in good repair and working order, ordinary wear and tear excepted. The Borrower shall replace and improve its material properties as Credit Agreement 28 necessary for the conduct of its business. The Borrower and each Subsidiary shall comply in all material respects with all leases naming it as lessee.

Appears in 1 contract

Samples: Credit Agreement (Boston Celtics Limited Partnership)

Maintenance of Properties and Leases. The Borrower and each of its Subsidiaries shall maintain, keep and preserve all of its material properties (tangible and intangible) including the Mortgaged Properties in good repair and working order, ordinary wear and tear excepted. The Borrower and each of its Subsidiaries shall replace and improve its material properties as necessary for the conduct of its business. The Borrower and each Subsidiary of its Subsidiaries shall comply in all material respects with all leases naming it as lessee.

Appears in 1 contract

Samples: Loan Agreement (Storage Computer Corp)

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Maintenance of Properties and Leases. The Borrower shall maintain, keep and preserve all of its material properties (tangible and intangible) including the Mortgaged Properties in good repair and working order, ordinary wear and tear excepted. The Borrower shall replace and improve its material properties as necessary for the conduct of its business. The Borrower and each Subsidiary shall comply in all material respects with all leases naming it as lessee.

Appears in 1 contract

Samples: Credit Agreement (Boston Celtics Limited Partnership Ii /De/)

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