Maintenance of Property; Inspection of Property. (a) Such Loan Party shall, and shall cause each of its Subsidiaries to, maintain all of its property necessary and useful in the conduct of its business, in good operating condition and repair, ordinary wear and tear excepted unless such Loan Party or Subsidiary, as the case may be, determines in good faith that the continued maintenance of any of its properties is no longer economically desirable.
Appears in 5 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Eddie Bauer Holdings, Inc.), Loan and Security Agreement (Eddie Bauer Holdings, Inc.)
Maintenance of Property; Inspection of Property. (a) Such Each Loan Party shall, and shall cause each of its Restricted Subsidiaries to, maintain all of its Collateral and other material property necessary and useful in the conduct of its business, in good operating condition and repair, ordinary wear and tear excepted unless such Loan Party or Subsidiary, as the case may be, determines in good faith that the continued maintenance of any of its properties is no longer economically desirableexcepted.
Appears in 4 contracts
Samples: Credit Agreement (Westlake Chemical Corp), Credit Agreement (Westlake Chemical Corp), Credit Agreement (Westlake Chemical Corp)
Maintenance of Property; Inspection of Property. (a) Such Loan Party shall, and shall cause each of its Subsidiaries to, maintain all of its material property necessary and useful in the conduct of its business, in good operating condition and repair, ordinary wear and tear excepted unless and except to the extent obsolete, no longer usable by such Loan Party in its business or Subsidiary, as the case may be, determines in good faith that the continued maintenance of any of its properties is no longer economically desirablenecessary for the conduct or operation of such Loan Party’s business.
Appears in 2 contracts
Samples: Credit Agreement (Gibson Energy ULC), Credit Agreement (Johnstone Tank Trucking Ltd.)
Maintenance of Property; Inspection of Property. (a) Such The Loan Party Parties shall, and shall cause each of its their respective Subsidiaries to, maintain all of its material property necessary and useful in the conduct of its business, in good operating condition and repair, ordinary wear and tear excepted unless such Loan Party or Subsidiary, as the case may be, determines in good faith that the continued maintenance of any of its properties is no longer economically desirableexcepted.
Appears in 1 contract
Maintenance of Property; Inspection of Property. (a) Such Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain all of its property necessary and useful in the conduct of its business, in good operating condition and repairrepair in accordance with the standard of the Borrowers’ industry and consistent with such Loan Party’s past conduct, ordinary wear and tear excepted unless such Loan Party or Subsidiary, as the case may be, determines in good faith that the continued maintenance of any of its properties is no longer economically desirableexcepted.
Appears in 1 contract
Samples: Credit Agreement (Salton Inc)
Maintenance of Property; Inspection of Property. (a) Such Loan Party shall, and shall cause each of its Subsidiaries to, maintain all of its material property necessary and useful in the conduct of its business, in good operating condition and repair, ordinary wear and tear excepted unless such Loan Party or Subsidiary, as the case may be, determines in good faith that the continued maintenance of any of its properties is no longer economically desirableexcepted.
Appears in 1 contract
Samples: Credit Agreement (Gentek Inc)
Maintenance of Property; Inspection of Property. (a) Such Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain all of its property necessary and useful in the conduct of its business, in good operating condition and repair, ordinary wear and tear excepted unless such Loan Party or Subsidiary, as the case may be, determines in good faith that the continued maintenance of any of its properties is no longer economically desirableexcepted.
Appears in 1 contract