Common use of MAINTENANCE OF PROPERTIES; INSURANCE; BOOKS AND RECORDS; COMPLIANCE WITH LAW Clause in Contracts

MAINTENANCE OF PROPERTIES; INSURANCE; BOOKS AND RECORDS; COMPLIANCE WITH LAW. (a) The Company shall, and shall cause each of the Restricted Subsidiaries and any Permitted Joint Ventures to, cause all properties and assets to be maintained and kept in good condition, repair and working order (reasonable wear and tear excepted) and supplied with all necessary equipment, and shall cause to be made all necessary repairs, renewals, replacements, additions, betterments and improvements thereto, as shall be reasonably necessary for the proper conduct of its business; PROVIDED, HOWEVER, that nothing in this Section 4.05(a) shall prevent the Company or any of the Restricted Subsidiaries or any Permitted Joint Venture from discontinuing the operation and maintenance of any of its properties or assets if such discontinuance is, in the judgment of the Board of Directors or such Restricted Subsidiary or Permitted Joint Venture, desirable in the conduct of its business and if such discontinuance is not materially adverse to either the Company and the Restricted Subsidiaries and any Permitted Joint Ventures taken as a whole or the ability of the Company to otherwise satisfy its obligations hereunder.

MAINTENANCE OF PROPERTIES; INSURANCE; BOOKS AND RECORDS; COMPLIANCE WITH LAW. (a) The Company Each of LGII and the Guarantor shall, and shall cause each of the its Restricted Subsidiaries and any Permitted Joint Ventures (including, without limitation, LGII) to, cause all properties and assets to be maintained and kept in good condition, repair and working order (reasonable wear and tear excepted) and supplied with all necessary equipment, and shall cause to be made all necessary repairs, renewals, replacements, additions, betterments and improvements thereto, as shall be reasonably necessary for the proper conduct of its business; PROVIDED, HOWEVER, that nothing in this Section 4.05(a) shall prevent the Company Guarantor or any of the its Restricted Subsidiaries or any Permitted Joint Venture from discontinuing the operation and maintenance of any of its properties or assets if such discontinuance is, in the judgment of the Board of Directors of the Guarantor or such Restricted Subsidiary or Permitted Joint VentureSubsidiary, desirable in the conduct of its business and if such discontinuance is not materially adverse to either the Company Guarantor and the Restricted its Subsidiaries and any Permitted Joint Ventures taken as a whole or the ability of LGII or the Company Guarantor to otherwise satisfy its obligations hereunder.

MAINTENANCE OF PROPERTIES; INSURANCE; BOOKS AND RECORDS; COMPLIANCE WITH LAW. (a) The Company TLGI shall, and shall cause each of the its Restricted Subsidiaries and any Permitted Joint Ventures (including, without limitation, LGII) to, cause all properties and assets to be maintained and kept in good condition, repair and working order (reasonable wear and tear excepted) and supplied with all necessary equipment, and shall cause to be made all necessary repairs, renewals, replacements, additions, betterments and improvements thereto, as shall be reasonably necessary for the proper conduct of its business; PROVIDED, HOWEVER, that nothing in this Section 4.05(a) shall prevent the Company TLGI or any of the its Restricted Subsidiaries or any Permitted Joint Venture from discontinuing the operation and maintenance of any of its properties or assets if such discontinuance is, in the judgment of the Board of Directors of TLGI or such Restricted Subsidiary or Permitted Joint VentureSubsidiary, desirable in the conduct of its business and if such discontinuance is not materially adverse to either the Company TLGI and the Restricted its Subsidiaries and any Permitted Joint Ventures taken as a whole or the ability of the Company LGII or TLGI to otherwise satisfy its obligations hereunder.

MAINTENANCE OF PROPERTIES; INSURANCE; BOOKS AND RECORDS; COMPLIANCE WITH LAW. (a) The Company Issuer shall, and shall cause each of the Restricted its Subsidiaries and any Permitted shall, to the fullest extent of the rights available to it under the relevant contractual or organizational documents, cause each of its Significant Joint Ventures to, cause all of their respective properties and assets used or held for use in the conduct of its business to be maintained and kept in good condition, repair and working order (reasonable wear and tear excepted) and supplied with all necessary equipment, and shall cause to be made all necessary repairs, renewals, replacements, additions, betterments and improvements thereto, as shall be reasonably necessary for the proper conduct of its business; PROVIDEDprovided, HOWEVERhowever, that subject to the other provisions of this Indenture, nothing in this Section 4.05(a) shall prevent the Company Issuer or any of the Restricted its Subsidiaries or any Permitted of its Significant Joint Venture Ventures from discontinuing the operation and maintenance of any of its their respective properties or assets if such discontinuance is, in the judgment of the Board of Directors of the Issuer or such Restricted Subsidiary or Permitted such Significant Joint Venture, desirable in the conduct of its business and or if such discontinuance is not materially adverse to either the Company and the Restricted Issuer, its Subsidiaries and any Permitted its Significant Joint Ventures taken as a whole or the ability of the Company Issuer to otherwise satisfy its obligations hereunder.

MAINTENANCE OF PROPERTIES; INSURANCE; BOOKS AND RECORDS; COMPLIANCE WITH LAW. (a) The Company Each of LGII and Xxxxxx shall, and shall cause each of the its Restricted Subsidiaries and any Permitted Joint Ventures (including, without limitation, LGII) to, cause all properties and assets to be maintained and kept in good condition, repair and working order (reasonable wear and tear excepted) and supplied with all necessary equipment, and shall cause to be made all necessary repairs, renewals, replacements, additions, betterments and improvements thereto, as shall be reasonably necessary for the proper conduct of its business; PROVIDED, HOWEVER, that nothing in this Section 4.05(a) shall prevent the Company Xxxxxx or any of the its Restricted Subsidiaries or any Permitted Joint Venture from discontinuing the operation and maintenance of any of its properties or assets if such discontinuance is, in the judgment of the Board of Directors of Xxxxxx or such Restricted Subsidiary or Permitted Joint VentureSubsidiary, desirable in the conduct of its business and if such discontinuance is not materially adverse to either the Company Xxxxxx and the Restricted its Subsidiaries and any Permitted Joint Ventures taken as a whole or the ability of the Company LGII or Xxxxxx to otherwise satisfy its obligations hereunder.