Common use of Maintenance of Properties; Insurance; Compliance with Law Clause in Contracts

Maintenance of Properties; Insurance; Compliance with Law. (a) The Company shall, and shall cause each of its Restricted Subsidiaries to, at all times cause all material properties used or useful in the conduct of their respective businesses 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, betterments and improvements thereto; provided, however, that nothing in this Section 4.04(a) shall prevent the Company or any of its Restricted Subsidiaries from discontinuing the operation and maintenance of any of such material properties if such discontinuance is, in the reasonable judgment of the Company, desirable in the conduct of the business of the Company and its Subsidiaries taken as a whole and not adverse in any material respect to the Holders.

Appears in 5 contracts

Samples: Indenture (R H Donnelley Corp), Indenture (Laidlaw International Inc), Indenture (Donnelley R H Inc)

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Maintenance of Properties; Insurance; Compliance with Law. (a) The Company and the Guarantors shall, and shall cause each of its their Restricted Subsidiaries to, at all times cause all material properties used or useful in the conduct of their respective businesses 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, betterments and improvements thereto; provided, however, that nothing in this Section 4.04(a) shall prevent the Company and the Guarantors or any of its their Restricted Subsidiaries from discontinuing the operation and maintenance of any of such material properties if such discontinuance is, in the reasonable judgment of the CompanyCompany and Moore, desirable in the conduct of the business of the Company Company, the Guxxxxxors and its their Subsidiaries taken as a whole and not adverse in any material respect to the Holders.

Appears in 1 contract

Samples: Moore Corporation LTD

Maintenance of Properties; Insurance; Compliance with Law. (a) The Company and the Guarantors shall, and shall cause each of its their Restricted Subsidiaries to, at all times cause all material properties used or useful in the conduct of their respective businesses 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, betterments and improvements thereto; provided, however, that nothing in this Section 4.04(a) shall prevent the Company and the Guarantors or any of its their Restricted Subsidiaries from discontinuing the operation and maintenance of any of such material properties if such discontinuance is, in the reasonable judgment of the CompanyCompany and Xxxxx, desirable in the conduct of the business of the Company Company, the Guarantors and its their Subsidiaries taken as a whole and not adverse in any material respect to the Holders.

Appears in 1 contract

Samples: Moore Wallace Inc

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Maintenance of Properties; Insurance; Compliance with Law. (a) The Company shall, and shall cause each of its Restricted Subsidiaries to, at all times cause all material properties used or useful in the conduct of their respective businesses 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, betterments and improvements thereto; provided, however, that nothing in this Section 4.04(a) 4.21 shall prevent the Company or any of its Restricted Subsidiaries Subsidiary from discontinuing the use, operation and or maintenance of any such properties, or disposing of such material properties any of them, if such discontinuance or disposal is, in the reasonable judgment of the CompanyCompany or such Restricted Subsidiary, desirable in the conduct of the business of for the Company and its Subsidiaries taken as a whole or such Subsidiary and not adverse in any material respect to the Holders.

Appears in 1 contract

Samples: Fairfield Manufacturing Co Inc

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