Common use of Maintenance of Properties; Insurance Clause in Contracts

Maintenance of Properties; Insurance. Except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect, the Company 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 except for surplus and obsolete properties, and (b) maintain, with financially sound and reputable insurance companies, insurance on such of its property and in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 9 contracts

Samples: Credit Agreement (Tapestry, Inc.), Credit Agreement (Tapestry, Inc.), Credit Agreement (Tapestry, Inc.)

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Maintenance of Properties; Insurance. Except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect, the Company It will, and will cause each of its Significant 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 excepted, except for surplus and obsolete propertiesto the extent failure to do so could not reasonably be expected to have a Material Adverse Effect, and (bii) maintain, with financially sound and reputable insurance companies, insurance on such of its property and in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 8 contracts

Samples: Credit Agreement (Legg Mason, Inc.), Credit Agreement (Legg Mason, Inc.), Year Revolving Credit Agreement (Legg Mason Inc)

Maintenance of Properties; Insurance. Except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect, the The Company will, and will cause each of its Subsidiaries to, (a) keep and maintain all property Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted and casualty or condemnation excepted, except for surplus and obsolete propertiesif the failure to do so could not reasonably be expected to have a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companiescompanies or through self-insurance, insurance on such of its property and in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 5 contracts

Samples: Term Loan Credit Agreement (Constellation Brands, Inc.), Term Loan Credit Agreement (Constellation Brands, Inc.), Assignment and Assumption (Constellation Brands, Inc.)

Maintenance of Properties; Insurance. Except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect, the The Company will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its their business on a consolidated basis in good working order and condition, ordinary wear and tear excepted and except for surplus and obsolete propertiesexcepted, and (b) maintain, with financially sound and reputable insurance companiescompanies (or pursuant to self-insurance arrangements that are consistent with those used by other companies that are similarly situated), insurance on such of its property and in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 4 contracts

Samples: Credit Agreement (Yum Brands Inc), Credit Agreement (Yum Brands Inc), Credit Agreement (Yum Brands Inc)

Maintenance of Properties; Insurance. Except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect, the Company It will, and will cause each of its Subsidiaries to, (a) keep and maintain (or cause to be kept and maintained through leases at respective Assets) all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted and excepted, except for surplus and obsolete propertieswhere the failure to 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 on such of its property and in such amounts and against such risks as are customarily maintained by companies engaged in the same or substantially similar businesses operating in the same or substantially similar locations.

Appears in 3 contracts

Samples: Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.)

Maintenance of Properties; Insurance. Except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect, the The Company will, and will cause each of its Material Subsidiaries to, (a) keep and maintain all property Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted and casualty or condemnation excepted, except for surplus and obsolete propertiesif the failure to do so could not reasonably be expected to have a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companiescompanies or through self-insurance, insurance on such of its property and in such amounts and against 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: Term Credit Agreement (Mylan N.V.), Revolving Credit Agreement (Mylan Inc.), Interim Loan Agreement (Mylan Inc.)

Maintenance of Properties; Insurance. Except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect, the The Company will, and will cause each of its 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 excepted and in accordance with past practices, except for surplus and obsolete propertieswhere the Company or Subsidiary determines in its reasonable judgment that such continued maintenance is no longer economically justified, and (b) maintain, with financially sound and reputable insurance companies, insurance on such of its property and in such amounts and against 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 (Crane Co /De/), Credit Agreement (Crane Co /De/), Credit Agreement (Crane Co /De/)

Maintenance of Properties; Insurance. Except where if the failure to do so would could not reasonably be expected to result have, individually or in the aggregate, a Material Adverse Effect, the Company 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 except for surplus and obsolete propertiesexcepted, and (b) maintain, with financially sound and reputable insurance companies, insurance on such of its property and in such amounts and against 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 (Cambrex Corp), Credit Agreement (Cambrex Corp)

Maintenance of Properties; Insurance. Except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect, the Company will, Each Obligor shall and will shall cause each all of its Subsidiaries to, to (a) keep and maintain all property material to the conduct of the Obligors and its Subsidiaries’ business in good working order and condition, ordinary wear and tear excepted and excepted, except for surplus and obsolete propertieswhere the failure to do so could not reasonably be expected to have a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance on such of its property and in such amounts and against 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 (Fei Co), Credit Agreement (Fei Co)

Maintenance of Properties; Insurance. Except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect, the The Company will, and will cause each of its Significant 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 excepted, except for surplus and obsolete propertieswhere the failure to do so would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect and (b) maintain, with financially sound and reputable insurance companies, insurance on such of its property and in such amounts and against 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: Five Year Credit Agreement (Brown Forman Corp), Five Year Credit Agreement (Brown Forman Corp)

Maintenance of Properties; Insurance. Except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect, the Company will, and will cause each of its Restricted Subsidiaries to, (ai) keep and maintain all property material to used in the conduct of its business in good working order and condition, ordinary wear and tear excepted and casualty events excepted, except for surplus and obsolete propertiesto the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect, and (bii) maintain, maintain insurance with financially sound and reputable insurance companies, companies or through self-insurance on such of its property and in such amounts and against 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: Convertible Note Purchase Agreement (DoorDash Inc), Convertible Note Purchase Agreement (DoorDash Inc)

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Maintenance of Properties; Insurance. Except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect, the The Company 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, condition (ordinary wear and tear excepted and excepted), except for surplus and obsolete properties, in any case where the failure to 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 on such of its property and in such amounts and against 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 (Yrc Worldwide Inc), Credit Agreement (Yellow Roadway Corp)

Maintenance of Properties; Insurance. Except where the failure to do so would could not reasonably be expected to result in a Material Adverse Effect, the Company Borrower 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 except for surplus and obsolete properties, and (b) maintain, with financially sound and reputable insurance companies, insurance on such of its property and in such amounts and against 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 (Polo Ralph Lauren Corp), Credit Agreement (Polo Ralph Lauren Corp)

Maintenance of Properties; Insurance. Except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect, the The Company will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its their business on a consolidated basis in good working order and condition, ordinary wear and tear excepted and except for surplus and obsolete propertiesexcepted, and (b) maintain, with financially sound and reputable insurance companiescompanies (or pursuant to self‑insurance arrangements that are consistent with those used by other companies that are similarly situated), insurance on such of its property and in such amounts and against 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 (Yum Brands Inc), Assignment and Assumption (Yum Brands Inc)

Maintenance of Properties; Insurance. Except where to the failure to do so would extent that, in the aggregate, non-compliance could not reasonably be expected to result in have a Material Adverse Effect, the Company 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 except for surplus and obsolete propertiesexcepted, and (b) maintain, with financially sound and reputable insurance companies, insurance on such of its property and in such amounts and against 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 (Akamai Technologies Inc)

Maintenance of Properties; Insurance. Except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect, the The Company will, and will cause each of its Material Subsidiaries to, (a) keep and maintain all property Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted 59 and casualty or condemnation excepted, except for surplus and obsolete propertiesif the failure to do so could not reasonably be expected to have a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companiescompanies or through self-insurance, insurance on such of its property and in such amounts and against 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: Term Credit Agreement (Mylan Inc.)

Maintenance of Properties; Insurance. Except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect, the The Company will, and will cause each of its 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 excepted and in each case except for surplus and obsolete propertieswhere the failure to 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 on such of its property and in such amounts and against 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 (Convergys Corp)

Maintenance of Properties; Insurance. Except (a) Maintain, and cause each Subsidiary to maintain, (a) all property material to the conduct of the business of the Borrower and its Subsidiaries, taken as a whole, in good working order and condition, ordinary wear and tear excepted, except where the failure to do so would could not reasonably be expected to result in a Material Adverse Effect, the Company 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 except for surplus and obsolete properties, ; and (b) maintaininsurance, with financially sound and reputable insurance companies, insurance on such of its property and in such amounts and against 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 (Patrick Industries Inc)

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