Common use of Maintenance of Property; Insurance Clause in Contracts

Maintenance of Property; Insurance. (a) Each Credit Party will keep, and will cause each Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted.

Appears in 15 contracts

Samples: Term Loan Agreement, Credit Agreement (Alliance Data Systems Corp), Credit Agreement (Alliance Data Systems Corp)

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Maintenance of Property; Insurance. (a) Each Credit Party will keep, and will cause each Subsidiary of its Subsidiaries to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted.

Appears in 14 contracts

Samples: Credit Agreement (DCP Midstream, LP), Credit Agreement (DCP Midstream, LP), Term Loan Agreement (DCP Midstream Partners, LP)

Maintenance of Property; Insurance. (a) Each Credit Party will keep, and will cause each Subsidiary to keep, all property useful used and necessary in its business in good working order and conditioncondition in all material respects, ordinary wear and tear and casualty event excepted.

Appears in 5 contracts

Samples: Loan and Security Agreement (Rubicon Technologies, Inc.), Credit, Security and Guaranty Agreement (Rubicon Technologies, Inc.), Credit, Security and Guaranty Agreement (Rubicon Technologies, Inc.)

Maintenance of Property; Insurance. (a) Each Credit Party The Company will keep, and will cause each Restricted Subsidiary and Subsidiary Account Party to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted.

Appears in 5 contracts

Samples: Assignment and Assumption (Lincoln National Corp), Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

Maintenance of Property; Insurance. (a) Each Credit Party will keep, and will cause each Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. If all or any part of the Collateral useful or necessary in its business becomes damaged or destroyed, each Credit Party will, and will cause each Subsidiary to, promptly and completely repair and/or restore the affected Collateral in a good and workmanlike manner.

Appears in 2 contracts

Samples: Credit, Security and Guaranty Agreement (Cerus Corp), Credit, Security and Guaranty Agreement (Cerus Corp)

Maintenance of Property; Insurance. (a) Each Credit Party will keepwill, and will cause each Subsidiary to keepof its subsidiaries to, keep and maintain all property useful and necessary in its business in good working order and condition, condition (ordinary wear and tear excepted), except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Amb Property Corp, Amb Property Lp

Maintenance of Property; Insurance. (a) Each Credit Party will keep, and will cause each Subsidiary to keep, all property useful used and necessary in its business (including, without limitation, all Equipment and Rolling Stock) in good working order and conditioncondition in all material respects, ordinary wear and tear and casualty event excepted.

Appears in 2 contracts

Samples: Credit, Security and Guaranty Agreement (Shimmick Corp), Credit, Security and Guaranty Agreement (Shimmick Corp)

Maintenance of Property; Insurance. (a) Each Such Credit Party will keep, and will cause each Subsidiary of its Subsidiaries to keep, all property useful and necessary in its business as then conducted in good working order and condition, ordinary wear and tear excepted, and with respect to all Borrowing Base Properties, in accordance with the terms and conditions of the applicable Space Leases and other material agreements affecting such Borrowing Base Property.

Appears in 1 contract

Samples: Credit Agreement (Cornerstone Core Properties REIT, Inc.)

Maintenance of Property; Insurance. (a) Each Credit Party The Company will keep, and will cause each other Loan Party and each Significant Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear and casualty damage excepted.

Appears in 1 contract

Samples: Credit Agreement (Qwest Communications International Inc)

Maintenance of Property; Insurance. (a) Each Credit Party 13. The Company will keep, and will cause each other Loan Party and each Significant Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Credit Agreement (Qwest Communications International Inc)

Maintenance of Property; Insurance. (ai) Each Credit Party will keep, and will cause each Subsidiary to keep, all property useful used and necessary in its business (including, without limitation, all Equipment and Rolling Stock) in good working order and conditioncondition in all material respects, ordinary wear and tear and casualty event excepted.

Appears in 1 contract

Samples: Credit, Security and Guaranty Agreement (Shimmick Corp)

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Maintenance of Property; Insurance. (a) Each Such Credit Party will shall keep, and will shall cause each Restricted Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear exceptedexcept, in each case, to the extent that failure to do so would not be reasonably expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (KKR & Co. Inc.)

Maintenance of Property; Insurance. (a) Each Credit Party will keep, and will cause each Subsidiary to keep, all property useful and necessary or used in its business in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Pernix Therapeutics Holdings, Inc.)

Maintenance of Property; Insurance. (a) Each Credit Party The Company will keep, and will cause each Restricted Subsidiary and Subsidiary Account Party to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted.. Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

Maintenance of Property; Insurance. (a) Each Credit Party will keep, and will cause each Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. If all or any part of the Collateral useful or necessary in its business, or upon which any Borrowing Base is calculated, becomes damaged or destroyed, each Credit Party will, and will cause each Subsidiary to, promptly and completely repair and/or restore the affected Collateral in a good and workmanlike manner.

Appears in 1 contract

Samples: Credit, Security and Guaranty Agreement (Cerus Corp)

Maintenance of Property; Insurance. (a) Each Credit Party The Company will keep, and will cause each other Loan Party and each Significant Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Credit Agreement (Qwest Communications International Inc)

Maintenance of Property; Insurance. (a) Each Credit Party will keep, and will cause each Subsidiary to keep, keep all property useful and necessary in that is material to its business in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Credit, Security and Guaranty Agreement (Chicken Soup for the Soul Entertainment, Inc.)

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