Common use of Maintenance of Property; Insurance Clause in Contracts

Maintenance of Property; Insurance. Keep all property necessary in its business in good working order and condition except to the extent that failure to do so could not, in the aggregate, be reasonably expected to have a Material Adverse Effect; maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks as are adequate for conducting its business; and furnish to each Lender, upon written request, full information as to the insurance carried.

Appears in 30 contracts

Samples: Credit Agreement (Boston Scientific Corp), Credit Agreement (Boston Scientific Corp), Term Loan Credit Agreement (Boston Scientific Corp)

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Maintenance of Property; Insurance. Keep all property useful and necessary in its business in good working order and condition condition, except to where the extent that failure to do so could not, in the aggregate, would not reasonably be reasonably expected to have a Material Adverse Effect; maintain with financially sound and reputable insurance companies insurance or maintain self-insurance on all its property in at least such amounts and against at least such risks as are adequate for conducting its usually insured against in the same general area by companies engaged in the same or a similar business; , except where the failure to do so would not reasonably be expected to have a Material Adverse Effect, and furnish to each Lenderthe Administrative Agent, upon written request, full information as to the insurance carried.

Appears in 12 contracts

Samples: Credit Agreement (Affiliated Managers Group, Inc.), Term Credit Agreement (Affiliated Managers Group, Inc.), Credit Agreement (Affiliated Managers Group, Inc.)

Maintenance of Property; Insurance. Keep all property useful and necessary in its business in good working order and condition condition, except to where the extent that failure to do so could not, in the aggregate, would not reasonably be reasonably expected to have a Material Adverse Effect; maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks as are adequate for conducting its usually insured against in the same general area by companies engaged in the same or a similar business; , except where the failure to do so would not reasonably be expected to have a Material Adverse Effect, and furnish to each Lenderthe Administrative Agent, upon written request, full information as to the insurance carried.

Appears in 9 contracts

Samples: Term Credit Agreement (Affiliated Managers Group, Inc.), Credit Agreement (Affiliated Managers Group Inc), Credit Agreement (Affiliated Managers Group Inc)

Maintenance of Property; Insurance. Keep all property useful and necessary in its business in good working order and condition condition, except to where the extent that failure to do so could not, in the aggregate, not reasonably be reasonably expected to have a Material Adverse Effect; maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks (but including in any event public liability, product liability and business interruption) as are adequate for conducting its usually insured against in the same general area by companies engaged in the same or a similar business; and furnish to each LenderBank, upon written request, full information as to the insurance carried.

Appears in 8 contracts

Samples: Credit Agreement (Arrow Electronics Inc), Credit Agreement (Arrow Electronics Inc), Joinder Agreement (Arrow Electronics Inc)

Maintenance of Property; Insurance. Keep all property useful and necessary in its business in good working order and condition condition, except to where the extent that failure to do so could not, in the aggregate, would not be reasonably expected to have a Material Adverse Effect; maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks as are adequate for conducting its usually insured against in the same general area by companies engaged in the same or a similar business; , and furnish to each Lenderthe Administrative Agent, upon written request, full information as to the insurance carried.

Appears in 6 contracts

Samples: Credit Agreement (Sprint Spectrum Finance Corp), Credit Agreement (Sprint Spectrum L P), Credit Agreement (Sprint Spectrum L P)

Maintenance of Property; Insurance. Keep all property useful and necessary in its business in good working order and condition condition, ordinary wear and tear excepted and except to the extent that where failure to do so could notwould not reasonably be expected, in the aggregate, be reasonably expected to have a Material Adverse Effect; maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks as are adequate for conducting its businessusually insured against in the same general area by companies engaged in the same or a similar business and of a similar size; and furnish to each Lenderthe Administrative Agent, upon written request, full information as to the insurance carriedevidence of such insurance.

Appears in 4 contracts

Samples: Credit Agreement (Lazard LTD), Credit Agreement (Lazard Group LLC), Credit Agreement (Lazard Group LLC)

Maintenance of Property; Insurance. Keep all property useful or necessary in its business in good working order and condition condition, except to where the extent that failure to do so could not, in the aggregate, would not be reasonably expected to have a Material Adverse Effect; maintain with financially sound and reputable insurance companies insurance on all its property and its business in at least such amounts and against at least such risks as are adequate for conducting its business; and furnish to each Lender, upon written request, full information as to usually insured against by companies engaged in the insurance carriedsame or a similar business in similar geographic areas.

Appears in 4 contracts

Samples: Credit Agreement (Sprint Spectrum L P), Credit Agreement (Sprint Spectrum L P), Credit Agreement (Sprint Spectrum Finance Corp)

Maintenance of Property; Insurance. Keep all property useful and necessary in its business in good working order and condition (ordinary wear and tear excepted) except for any failures to the extent so maintain such property that failure to do so could not, in the aggregate, be reasonably expected to would not have a Material Adverse Effect; maintain with financially sound and reputable insurance companies insurance on all its such property on an “all risk” basis in at least such amounts and against at least such risks as are adequate for conducting its businessa manner reasonably comparable to other similarly situated companies; and furnish to each Lender, upon written request, full information certificates as to the insurance carried.

Appears in 3 contracts

Samples: Multi Currency, Multi Option Credit Agreement (Harman International Industries Inc /De/), Multi Currency, Multi Option Credit Agreement (Harman International Industries Inc /De/), Credit Agreement (Harman International Industries Inc /De/)

Maintenance of Property; Insurance. Keep all property useful and necessary in its business in good working order and condition condition, except to where the extent that failure to do so could not, in the aggregate, be reasonably expected to would not have a Material Adverse Effect; maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks as are adequate for conducting its usually insured against in the same general area by companies engaged in the same or a similar business, except where the failure to do so could not have a Material Adverse Effect; and furnish to each Lenderthe Administrative Agent, upon written request, full information as to the insurance carried.

Appears in 3 contracts

Samples: Credit Agreement (Affiliated Managers Group Inc), Credit Agreement (Affiliated Managers Group Inc), Credit Agreement (Affiliated Managers Group Inc)

Maintenance of Property; Insurance. Keep all property useful and necessary in its business in good working order and condition condition, ordinary wear and tear excepted and except to the extent that where failure to do so could notwould not reasonably be expected, in the aggregate, be reasonably expected to have a Material Adverse Effect; maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks as are adequate for conducting its businessusually insured against in the same general area by companies engaged in the same or a similar business and of a similar size; and furnish to each LenderBank, upon written request, full information as to the insurance carried.

Appears in 2 contracts

Samples: Credit Agreement (Lazard LTD), Credit Agreement (Lazard Group LLC)

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Maintenance of Property; Insurance. Keep Each Company shall (i) keep all property useful and necessary in its business in good working order and condition condition, except to the extent that when failure to do so could not, in the aggregate, reasonably be reasonably expected to have be a Material Adverse EffectEvent; (ii) maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks as are adequate for conducting its usually insured against in the same general area by companies engaged in the same or a similar business; and (iii) furnish to each LenderBank, upon written request, full information as to the insurance carried.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Southdown Inc), Credit Agreement (Southdown Inc)

Maintenance of Property; Insurance. Keep all property necessary in its business in good working order and condition except to the extent that failure to do so could not, in the aggregate, be reasonably expected to have a Material Adverse Effect; maintain with financially sound and reputable insurance companies insurance on all its property in at least such - 41 - amounts and against at least such risks as are adequate for conducting its business; and furnish to each Lender, upon written request, full information as to the insurance carried.

Appears in 1 contract

Samples: Credit Agreement (Boston Scientific Corp)

Maintenance of Property; Insurance. Keep all property useful and necessary in its business in good working order and condition condition, except to where the extent that failure to do so could not, in the aggregate, be reasonably expected to would not have a Material Adverse Effect; maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks as are adequate for conducting its usually insured against in the same general area by companies engaged in the same or a similar business; , except where the failure to do so would not have a Material Adverse Effect, and furnish to each Lenderthe Administrative Agent, upon written request, full information as to the insurance carried.

Appears in 1 contract

Samples: Credit Agreement (Affiliated Managers Group Inc)

Maintenance of Property; Insurance. Keep all property useful and necessary in its business in good working order and condition condition, except to where the extent that failure to do so could not, in the aggregate, not reasonably be reasonably expected to have a Material Adverse Effect; maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks (but including in any event public liability, product liability and business interruption) as are adequate for conducting its usually insured against in the same general area by companies engaged in the same or a similar business; and furnish to each Lenderthe Administrative Agent, upon written request, full information as to the insurance carried.

Appears in 1 contract

Samples: Credit Agreement (Arrow Electronics Inc)

Maintenance of Property; Insurance. Keep all property useful and necessary in its business in good working order and condition condition, except to where the extent that failure to do so could not, in the aggregate, not reasonably be reasonably expected to have a Material Adverse Effect; maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks (but including in any event public liability, product liability and business interruption) as are adequate for conducting its usually insured against in the same general area by companies engaged in the same or a similar business; and furnish to each LenderBank, upon written request, full information as to the insurance carried.. 1.6 1.7

Appears in 1 contract

Samples: Credit Agreement (Arrow Electronics Inc)

Maintenance of Property; Insurance. Keep all property necessary in its business in good working order and condition except to the extent that failure to do so could not, in the aggregate, be reasonably expected to have a Material Adverse Effect(ordinary wear and tear excepted); maintain with financially sound and reputable insurance companies insurance on and in relation to all its property in at least such amounts and with reputable underwriters or insurance companies against at least such risks and to such extent as are adequate is usual for conducting its businesscompanies and partnerships carrying on a business such as that carried on by it; and furnish to each Lender, upon written request, full information as to the insurance carriedcarried except to the extent that the failure to do any of the foregoing with respect to any such property would not be likely to materially adversely affect the value or usefulness of such property.

Appears in 1 contract

Samples: Credit Agreement (Primacom Ag)

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