Common use of Maintenance of Properties; Books and Records Clause in Contracts

Maintenance of Properties; Books and Records. Maintain or cause to be maintained: (A) in good repair, working order and condition all properties and assets material to the continued conduct of the business of the Borrower, and from time to time make or cause to be made all necessary repairs, renewals and replacements thereof; and (B) proper books, records and accounts in which full, true and correct entries in accordance with GAAP consistently applied are made of all financial transactions and matters involving its assets and business.

Appears in 4 contracts

Samples: Loan and Security Agreement (Bluegreen Corp), Loan Agreement (Bluegreen Corp), Loan Agreement (Bluegreen Corp)

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Maintenance of Properties; Books and Records. Maintain or cause to be maintained: (A1) in good repair, working order and condition all properties and assets material to the continued conduct of the business of either of the BorrowerLoan Parties, and from time to time make or cause to be made all necessary repairs, renewals and replacements thereof; and (B2) proper books, records and accounts in which full, true and correct entries in accordance with GAAP consistently applied are made of all financial transactions and matters involving its assets and business.

Appears in 2 contracts

Samples: Loan Agreement (William Lyon Homes), Loan Agreement (William Lyon Homes)

Maintenance of Properties; Books and Records. Maintain or cause to be maintained: (A1) in good repair, working order and condition all properties and assets material to the continued conduct of the business of the Borrower, and from time to time make or cause to be made all necessary repairs, renewals and replacements thereof; and (B2) proper books, records and accounts in which full, true and correct entries in accordance with GAAP consistently applied are made of all financial transactions and matters involving its assets and business.

Appears in 2 contracts

Samples: Loan and Security Agreement (Diamond Resorts Corp), Loan Agreement (United Homes Inc)

Maintenance of Properties; Books and Records. Maintain or cause to be maintained: (A) in good repair, working order and condition all properties and assets material to the continued conduct of the business of the Borrower, and from time to time make or cause to be made all necessary repairs, renewals and replacements thereof; and (B) proper books, records and accounts in which full, true and correct entries in accordance with GAAP consistently applied are made of all financial transactions and matters involving its assets and business.

Appears in 1 contract

Samples: Loan Agreement (William Lyon Homes)

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Maintenance of Properties; Books and Records. Maintain or cause to be maintained: (A1) in good repair, working order and condition all properties and assets material to the continued conduct of the business of the BorrowerObligated Parties, and from time to time make or cause to be made all necessary repairs, renewals and replacements thereof; and (B2) proper books, records and accounts in which full, true and correct entries in accordance with GAAP consistently applied are made of all financial transactions and matters involving its assets and business.

Appears in 1 contract

Samples: Commitment Agreement (Amrep Corp)

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