Common use of Maintenance of Property; Insurance; Trademark License Clause in Contracts

Maintenance of Property; Insurance; Trademark License. (a) Keep all property useful and necessary in its business in good working order and condition; maintain with financially sound and reputable insurance companies insurance on all its material property in at least such amounts and against at least such risks as are usually insured against in the same general area by companies engaged in the same or a similar business; and furnish to each Lender, upon written request, full information as to the insurance carried. (b) Keep in full force and effect, and comply in all material respects with the terms of, a license agreement between the Company and any wholly-owned Subsidiary of the Company or of Reebok-UK which is substantially similar in form and substance to the License Agreement, dated as of August 6, 1979, between the Company (as successor to Reebok U.S.A. Limited, Inc.) and Reebok-UK, as the same may be amended, supplemented or otherwise modified in a manner which could not reasonably be expected to have a Material Adverse Effect.

Maintenance of Property; Insurance; Trademark License. (a) Keep all property useful and necessary in its business in good working order and condition; maintain with financially sound and reputable insurance companies insurance on all its material property in at least such amounts and against at least such risks as are usually insured against in the same general area by companies engaged in the same or a similar business; and furnish to each Lender, upon written request, full information as to the insurance carried. (b) Keep in full force and effect, and comply in all material respects with the terms of, a license agreement between the Company and any wholly-owned Subsidiary of the Company or of Reebok-Reebok UK which is substantially similar in form and substance to the License Agreement, dated as of August 6, 1979, between the Company (as successor to Reebok U.S.A. Limited, Inc.) and Reebok-Reebok UK, as the same may be amended, supplemented or otherwise modified in a manner which could not reasonably be expected to have a Material Adverse Effect.