Common use of Maintenance of Properties; Insurance Clause in Contracts

Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined by the officers of the Company in the exercise of their reasonable judgment to be consistent with prudent business practices.

Appears in 13 contracts

Samples: Credit Agreement (Molson Coors Beverage Co), Credit Agreement (Molson Coors Beverage Co), Credit Agreement (Molson Coors Beverage Co)

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Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty excepted, except where the for any such failure to take such actions could as would not reasonably be expected to result in have a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are considered appropriate by the officers management of the Company in the exercise of their reasonable judgment to be consistent with prudent business practicesCompany.

Appears in 9 contracts

Samples: Credit Agreement (Fortune Brands Inc), Credit Agreement (Fortune Brands Inc), 364 Day Revolving Credit Agreement (Fortune Brands Inc)

Maintenance of Properties; Insurance. The Company will, and will cause each of the its Subsidiaries to, (a) keep and maintain in all material respects all property material to the conduct of its business in good working order and condition, ordinary wear and tear and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 9 contracts

Samples: Term Loan Agreement (Bruker Corp), Term Loan Agreement (Bruker Corp), Credit Agreement (Bruker Corp)

Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 7 contracts

Samples: Credit Agreement (MTS Systems Corp), Credit Agreement (Murphy Oil Corp /De), Credit Agreement (MTS Systems Corp)

Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined by the officers of the Company in the exercise of their reasonable judgment to be is consistent with prudent sound business practices.

Appears in 6 contracts

Samples: Credit Agreement (Fuller H B Co), Assignment and Assumption (Fuller H B Co), Credit Agreement (Fuller H B Co)

Maintenance of Properties; Insurance. The Company will, and will cause each of the its Subsidiaries to, (a) keep and maintain all property material to the conduct of the business of the Company and its business Subsidiaries (taken as a whole) in good working order and condition, ordinary wear and tear and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companiescompanies or with a captive insurance company that is an Affiliate of the Company, insurance in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 5 contracts

Samples: Private Shelf Agreement (Hillenbrand, Inc.), Credit Agreement (Hillenbrand, Inc.), Private Shelf Agreement (Hillenbrand, Inc.)

Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations, it being agreed that the insurance maintained as of the date hereof is sufficient for the business currently maintained by the officers of the Company in the exercise of their reasonable judgment to be consistent with prudent business practicesand its Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (John Bean Technologies CORP), Credit Agreement (John Bean Technologies CORP), Credit Agreement (John Bean Technologies CORP)

Maintenance of Properties; Insurance. The Company will, and will cause each of the its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, condition (ordinary wear and tear and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect), and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 3 contracts

Samples: Credit Agreement (Schulman a Inc), Credit Agreement (Schulman a Inc), Credit Agreement (Schulman a Inc)

Maintenance of Properties; Insurance. The Company will, and will cause each of the its Subsidiaries to, to (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear and damage by casualty excepted, except where the for any such failure to take such actions could as would not reasonably be expected to result in have a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are considered appropriate by the officers management of the Company in the exercise of their reasonable judgment to be consistent with prudent business practicesCompany.

Appears in 3 contracts

Samples: Credit Agreement (Beam Inc), Year Revolving Credit Agreement (Fortune Brands Inc), Year Revolving Credit Agreement (Fortune Brands Inc)

Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain (either directly or indirectly by causing its tenants to maintain), with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 3 contracts

Samples: Term Loan Agreement (GPT Operating Partnership LP), Credit and Term Loan Agreement (Gramercy Property Trust), Term Loan Agreement (Gramercy Property Trust)

Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, accordance with industry standards and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 3 contracts

Samples: Credit Agreement (Newmarket Corp), Credit Agreement (Newmarket Corp), Credit Agreement (Newmarket Corp)

Maintenance of Properties; Insurance. The Company will, and will cause each of the its Subsidiaries to, (a) keep and maintain all property material to the conduct of the business of the Company and its business Subsidiaries taken as a whole in good working order and condition, ordinary wear and tear and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 3 contracts

Samples: Credit Agreement (Heidrick & Struggles International Inc), Credit Agreement (Heidrick & Struggles International Inc), Credit Agreement (Heidrick & Struggles International Inc)

Maintenance of Properties; Insurance. The Company will, and will cause each of the its Subsidiaries to, (a) to keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear and damage by casualty excepted, except where the failure to take such actions do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined by the officers of the Company in the exercise of their reasonable judgment to be consistent with prudent business practices.

Appears in 3 contracts

Samples: Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc)

Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, excepted and (b) maintain, with financially sound and reputable insurance companies, companies insurance in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations; provided that the foregoing shall not prohibit the Pharmerica Spin-Off.

Appears in 2 contracts

Samples: Credit Agreement (Amerisourcebergen Corp), Assignment and Assumption (Amerisourcebergen Corp)

Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) (i) maintain, with financially sound and reputable insurance companies, insurance or (ii) where prudent, be self-insured, in each case, in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 2 contracts

Samples: Credit Agreement (G&k Services Inc), Credit Agreement (G&k Services Inc)

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Maintenance of Properties; Insurance. The Company will, and will cause each of the Restricted 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 and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 2 contracts

Samples: Credit Agreement (Kinder Morgan Bulk Terminals Inc), Credit Agreement (Kinder Morgan Energy Partners L P)

Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Newmarket Corp)

Maintenance of Properties; Insurance. The Company will, and will cause each of the its Subsidiaries to, use commercially reasonable efforts to (ai) keep and maintain all tangible property material to the conduct of its business in good working order and condition, ordinary wear and tear and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (bii) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Limited Liability Company Agreement (B&H Contracting, L.P.)

Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be are customarily maintained (as reasonably determined by the officers of the Company Company) by companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Saia Inc

Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are customarily maintained by companies engaged in the officers of same or similar businesses operating in the same or similar locations, and the Company in the exercise of their reasonable judgment will furnish to be consistent with prudent business practicesany Lender upon request full information as to all insurance carried.

Appears in 1 contract

Samples: Credit Agreement (Matrix Service Co)

Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty force majeure excepted, except where unless the failure to take such actions do so could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Day Credit Agreement (Conoco Inc /De)

Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be are customarily maintained (as reasonably determined by the officers of the Company Company) by companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Amerisourcebergen Corp)

Maintenance of Properties; Insurance. The Company will, and will cause each of the 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 and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise same or similar businesses operating in the same or similar locations. LEGAL02/41506940v2 Table of their reasonable judgment to be consistent with prudent business practices.Contents (continued) Page

Appears in 1 contract

Samples: Assignment and Assumption (Brown & Brown, Inc.)

Maintenance of Properties; Insurance. The Company will, and will cause each of the its Subsidiaries to, (a) keep and maintain all material property material necessary to the conduct of its business in good working order and condition, ordinary wear and tear and damage by casualty excepted, except where the failure to take such actions could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as shall be determined are customarily maintained by the officers of the Company companies engaged in the exercise of their reasonable judgment to be consistent with prudent business practicessame or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Hurco Companies Inc)

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