Common use of Maintenance of Property and Insurance Clause in Contracts

Maintenance of Property and Insurance. Until the End Date, the Company shall keep all of its property, which is necessary or useful to the conduct of its business, in good working order and condition, ordinary wear and tear excepted. Until the End Date, the Company will maintain insurance coverage of the type and not less than the amount in effect as of the Closing Date.

Appears in 13 contracts

Samples: Exchange Agreement (Quad M Solutions, Inc.), Securities Purchase Agreement (Textmunication Holdings, Inc.), Securities Purchase Agreement (Creative Medical Technology Holdings, Inc.)

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Maintenance of Property and Insurance. Until the End Date, the Company shall keep all of its property, which is necessary or useful to the conduct of its business, in good working order and condition or in no worse condition than on the date hereof, if not in good working order and condition, ordinary wear and tear excepted. Until the End Date, the Company will maintain insurance coverage of the type customary for its industry and not less than the amount in effect as of the Closing Date.

Appears in 3 contracts

Samples: Securities Purchase Agreement (PV Nano Cell, Ltd.), Securities Purchase Agreement (PV Nano Cell, Ltd.), Securities Purchase Agreement (PV Nano Cell, Ltd.)

Maintenance of Property and Insurance. Until the End Date, the Company shall keep all of its property, which is necessary or useful to the conduct of its business, in good working order and condition, ordinary wear and tear excepted. Until the End Date, the Company will maintain insurance coverage of the type and not less than the amount in effect as of the Initial Closing Date.

Appears in 3 contracts

Samples: Security Agreement (Accelerated Pharma, Inc.), Securities Purchase Agreement (Accelerated Pharma, Inc.), Securities Purchase Agreement (2304101 Ontario Inc.)

Maintenance of Property and Insurance. Until the End Date, the Company shall keep all of its property, which is necessary or useful to the conduct of its business, in good working order and condition, ordinary wear and tear excepted. Until the End Date, the Company will maintain insurance coverage of or the type and not less than the amount ainount in effect as of or the Closing Date.

Appears in 2 contracts

Samples: Security Agreement (Accelerated Pharma, Inc.), Securities Purchase Agreement (Accelerated Pharma, Inc.)

Maintenance of Property and Insurance. Until the End Date, the Company shall keep all of its property, which is necessary or useful to the conduct of its business, in good working order and condition, ordinary wear and tear excepted. Until the End Date, the Company will maintain insurance coverage of the type customary for its industry and not less than the higher amount in effect as of the any Closing Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (PishPosh, Inc.)

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Maintenance of Property and Insurance. Until the End Date, the Company shall keep all of its property, which is necessary or useful to the conduct of its business, in good working order and condition, ordinary wear and tear excepted. Until the End Date, the Company will secure and maintain insurance coverage of the type and not less than the amount in effect as of the Closing Dateprovided in this Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Quad M Solutions, Inc.)

Maintenance of Property and Insurance. Until the End Date, the Company shall keep all of its property, which is necessary or useful to the conduct of its business, in good working order and condition, ordinary wear and tear excepted. Until the End Date, the Company will maintain insurance coverage of the type customary for its industry and not less than the amount in effect as of the Closing Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Unique Logistics International Inc)

Maintenance of Property and Insurance. Until the Shares and Warrants are no longer outstanding (the β€œEnd Date”), the Company shall keep all of its property, which is necessary or useful to the conduct of its business, in good working order and condition, ordinary wear and tear excepted. Until the End Date, the Company will maintain insurance coverage of the type and not less than the amount in effect as of the Closing Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Accelerated Pharma, Inc.)

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