Maintenance of Properties; Insurance. Each Loan Party will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with responsible, financially sound and reputable insurance companies, insurance with respect to its properties and business.
Appears in 18 contracts
Samples: Revolving Credit Agreement (Teva Pharmaceutical Industries LTD), Credit Agreement, Credit Agreement (Teva Pharmaceutical Industries LTD)
Maintenance of Properties; Insurance. Each Loan Party will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with responsible, financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and businessagainst such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.
Appears in 3 contracts
Samples: Credit Agreement (Nord Resources Corp), Credit Agreement (Nord Resources Corp), Credit Agreement (Nord Resources Corp)
Maintenance of Properties; Insurance. Each Loan Party will, shall and will shall cause each all of its Subsidiaries to, (a) to keep and maintain all property of its material to properties necessary for the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with responsible, financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and businessagainst such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.
Appears in 2 contracts
Samples: Credit Agreement (Stewart Information Services Corp), Credit Agreement (Stewart Information Services Corp)
Maintenance of Properties; Insurance. Each Loan Party will, and will cause each of its Material Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with responsible, financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and businessagainst such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.
Appears in 2 contracts
Samples: Credit Agreement (WMS Industries Inc /De/), Credit Agreement (WMS Industries Inc /De/)
Maintenance of Properties; Insurance. Each Loan Party will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect and (b) maintain, with responsible, financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and businessagainst such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.
Appears in 2 contracts
Samples: Guaranty Agreement (Macquarie Infrastructure Corp), Guaranty Agreement (Macquarie Infrastructure Co LLC)
Maintenance of Properties; Insurance. (a) Each Loan Party will, and will cause each of its Subsidiaries to, (a) keep and maintain (or cause to be kept and maintained) all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with responsible, financially sound and reputable insurance companies, insurance with respect to its properties and business.
Appears in 2 contracts
Samples: Credit Agreement (Carey W P & Co LLC), Credit Agreement (Carey W P & Co LLC)
Maintenance of Properties; Insurance. Each Loan Party will, and will cause each of its Subsidiaries Subsidiary to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with responsible, financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and businessagainst such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.
Appears in 1 contract
Samples: Credit Agreement (Ebix Inc)
Maintenance of Properties; Insurance. Each Loan Party will, and will cause each of its Subsidiaries to, (ai) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, and (bii) maintain, maintain with responsible, financially sound and reputable insurance companies, insurance with respect to its properties and business, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.
Appears in 1 contract
Samples: Guaranty and Credit Agreement (Macquarie Infrastructure CO LLC)
Maintenance of Properties; Insurance. Each Loan Party will, and will cause each of its Subsidiaries to, (ai) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with responsible, financially sound and reputable insurance companies, insurance with respect to its properties and business.and
Appears in 1 contract
Samples: Bridge Credit Agreement (Nexpoint Real Estate Strategies Fund)