Common use of Maintenance of Property; Insurance Clause in Contracts

Maintenance of Property; Insurance. (a) The Company 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. (b) The Company will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company or in such Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, upon request from the Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 7 contracts

Samples: Credit Agreement (DOVER Corp), Credit Agreement (DOVER Corp), Credit Agreement (DOVER Corp)

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Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Restricted Subsidiary to keep, all material property useful and necessary in its business in good working order and condition, ordinary normal wear and tear excepted. (b) The Company Borrower will, and will cause each of its Material Subsidiaries to, maintain (either in the name of the Company Borrower or in such Material Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against maintained in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 7 contracts

Samples: Credit Agreement (FMC Technologies Inc), Credit Agreement (FMC Technologies Inc), Credit Agreement (FMC Technologies Inc)

Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Material Subsidiary of the Borrower to keep, all material property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company Borrower will, and will cause each Material Subsidiary of its Subsidiaries the Borrower to, maintain (either in the Borrower’s name of the Company or in such Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts (with no greater risk retention) and against at least such risks (and with such risk retention) as are usually maintained, retained or insured against in the same general area by companies of established repute engaged in the same or a similar business; and . The Borrower will furnish to the Lenders, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 7 contracts

Samples: 364 Day Revolving Credit Agreement (Consolidated Edison Co of New York Inc), 364 Day Revolving Credit Agreement (Consolidated Edison Co of New York Inc), 364 Day Senior Unsecured Term Loan Credit Agreement (Consolidated Edison Inc)

Maintenance of Property; Insurance. (a) The Company Borrower 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. (b) The Company Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the LendersBanks, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 6 contracts

Samples: Term Loan Agreement (Rite Aid Corp), Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc)

Maintenance of Property; Insurance. (a) The Company Borrower 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. (b) The Company Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties of such types, in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in similar circumstances in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, each Bank Party upon request from the Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 6 contracts

Samples: Credit Agreement (Aes Corp), Credit and Reimbursement Agreement (Aes Corp), Credit and Reimbursement Agreement (Aes Corp)

Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Subsidiary to keep, all material property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and amounts, against at least such risks (and with such risk retention) retention as are usually maintained, insured against or retained, as the case may be, in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Equitable Resources Inc /Pa/), Revolving Credit Agreement (Equitable Resources Inc /Pa/), 364 Day Credit Agreement (Equitable Resources Inc /Pa/)

Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Domestic Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company Borrower will, and will cause each of its Subsidiaries Domestic Subsidiary to, maintain (either in the name of the Company Borrower or in such the relevant Domestic Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in the same general area by companies of established repute of similar size engaged in the same or a similar business; and will furnish to the Lenders, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 5 contracts

Samples: Credit Agreement (MEADWESTVACO Corp), Credit Agreement (MEADWESTVACO Corp), 364 Day Credit Agreement (Meadwestvaco Corp)

Maintenance of Property; Insurance. (a) The Company Borrower 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. (b) The Company Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and amounts, against at least such risks (and with such risk retention) retention as are usually maintained, insured against or retained, as the case may be, in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the LendersBanks, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 4 contracts

Samples: Credit Agreement (Dean Foods Co), Credit Agreement (United Asset Management Corp), Credit Agreement (Cisco Systems Inc)

Maintenance of Property; Insurance. (a) The Company Borrower 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. (b) The Company Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s own name) ), to the extent available on commercially reasonable terms and with financially sound and responsible insurance companies, insurance on all their respective properties of such types, in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in similar circumstances in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, each Bank Party upon request from the Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 4 contracts

Samples: Credit and Reimbursement Agreement (Aes Corp), Credit and Reimbursement Agreement (Aes Corp), Credit Agreement (Aes Corp)

Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Restricted Subsidiary to keep, all material property useful and necessary in its business in good working order and condition, ordinary normal wear and tear excepted. (b) The Company Borrower will, and will cause each of its Material Subsidiaries to, maintain (either in the name of the Company Borrower or in such Material Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against maintained in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 4 contracts

Samples: Credit Agreement (FMC Technologies Inc), Credit Agreement (FMC Technologies Inc), Credit Agreement (FMC Technologies Inc)

Maintenance of Property; Insurance. (a) The Company Such Borrower will keep, and will cause each Material Subsidiary of such Borrower to keep, all material property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company Such Borrower will, and will cause each Material Subsidiary of its Subsidiaries such Borrower to, maintain (either in the such Borrower’s name of the Company or in such Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts (with no greater risk retention) and against at least such risks (and with such risk retention) as are usually maintained, retained or insured against in the same general area by companies of established repute engaged in the same or a similar business; and . Such Borrower will furnish to the Lenders, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 3 contracts

Samples: Credit Agreement (Consolidated Edison Co of New York Inc), Credit Agreement (Consolidated Edison Co of New York Inc), Credit Agreement (Consolidated Edison Inc)

Maintenance of Property; Insurance. (a) The Company Borrower 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. (b) The Company Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retentionretention and self insurance) as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business; and business at a substantial number of different facilities. The Borrower will furnish to the LendersBanks, upon request from the Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 3 contracts

Samples: Credit Agreement (New Beverly Holdings Inc), Credit Agreement (Beverly Enterprises Inc /De/), Credit Agreement (Beverly Enterprises Inc)

Maintenance of Property; Insurance. (a) The Company Borrower 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. (b) The Company Borrower will, and will cause each of its Subsidiaries Subsidiary to, maintain (either in the Borrower's name of the Company or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and amounts, against at least such risks (and with such no greater risk retention) retention as are usually maintained, insured against or retained, as the case may be, in the same general area by companies of established repute engaged in the same or a similar business; and . The Borrower will furnish to the LendersBanks, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 2 contracts

Samples: Credit Agreement (Trigon Healthcare Inc), Credit Agreement (Trigon Healthcare Inc)

Maintenance of Property; Insurance. (a) The Company Such Borrower will keep, and will cause each Material Subsidiary of such Borrower to keep, all material property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company Such Borrower will, and will cause each Material Subsidiary of its Subsidiaries such Borrower to, maintain (either in the such Borrower’s name of the Company or in such Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts (with no greater risk retention) and against at least such risks (and with such risk retention) as are usually maintained, retained or insured against in the same general area by companies of established repute engaged in the same or a similar business; and . Such Borrower will furnish to the LendersBanks, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 2 contracts

Samples: Credit Agreement (Consolidated Edison Inc), Credit Agreement (Consolidated Edison Inc)

Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Restricted Subsidiary to keep, all material property useful and necessary in its business in good working order and condition, ordinary normal wear and tear excepted. (b) The Company Borrower will, and will cause each of its Material Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective of its properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against maintained in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 2 contracts

Samples: Credit Agreement (FMC Corp), 364 Day Credit Agreement (FMC Corp)

Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Subsidiary to keep, all property material properties useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business; and provided that such risks may be covered by self-insurance programs consistent with past practice. The Borrower will furnish to the LendersBanks, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 2 contracts

Samples: Credit Agreement (Woolworth Corporation), Credit Agreement (Venator Group Inc)

Maintenance of Property; Insurance. (a) The Company will keepEach Borrower will, and will cause each Subsidiary to keepof its Operating Subsidiaries to, (i) keep all property material Property useful and necessary in its business in good working order and condition, condition (ordinary wear and tear excepted. ), (bii) The Company will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company or in such Subsidiary’s own name) with financially sound and responsible reputable insurance companies, companies insurance on (or, to the extent consistent with prudent business practice, a program of self-insurance with respect to) all their respective properties its Property and operations in at least such amounts and against at least such risks (but including in any event public liability, product liability and with such risk retentionbusiness interruption) as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business; , and will (iii) furnish to the LendersAdministrative Agent and each Bank, upon request from the Agentwritten request, full information presented in reasonable detail as to the insurance so carried.

Appears in 2 contracts

Samples: Credit Agreement (Young & Rubicam Inc), Credit Agreement (Young & Rubicam Inc)

Maintenance of Property; Insurance. (a) The Company Borrower 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. (b) The Company Borrower will, and will cause each of its Subsidiaries Subsidiary to, maintain (either in the Borrower's name of the Company or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and amounts, against at least such risks (and with such no greater risk retention) retention as are usually maintained, insured against or retained, as the case may be, in the same general area by companies of established repute engaged in the same or a similar business; and . The Borrower will furnish to the LendersBanks, upon request from the Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 2 contracts

Samples: Credit Agreement (Trigon Healthcare Inc), Credit Agreement (Trigon Healthcare Inc)

Maintenance of Property; Insurance. (a) The Company Borrower 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. (b) The Company Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties of such types, in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in similar circumstances in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, each Bank upon request from the Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 2 contracts

Samples: Credit Agreement (Aes Corp), Credit Agreement (Aes Corp)

Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Subsidiary to keep, all material property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company Borrower will, and will cause each of its Subsidiaries Subsidiary to, maintain (either in the Borrower's name of the Company or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and amounts, against at least such risks (and with such no greater risk retention) retention as are usually maintained, insured against or retained, as the case may be, in the same general area by companies of established repute engaged in the same or a similar business; and . The Borrower will furnish to the Lenders, upon request from the Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 2 contracts

Samples: Credit Agreement (Tekni Plex Inc), Credit Agreement (Tekni Plex Inc)

Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Subsidiary to keep, all material property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective material properties in at least such amounts and amounts, against at least such risks (and with such risk retention) retention as are usually maintained, insured against or retained, as the case may be, in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the LendersBanks, upon request from the Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 2 contracts

Samples: Credit Agreement (Quaker State Corp), Credit Agreement (Quaker State Corp)

Maintenance of Property; Insurance. (a) The Company will keep, and will cause each Principal Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company will, and will cause each of its Principal Subsidiaries to, maintain either (i) carry insurance (either in the name of the Company or in such Principal Subsidiary’s own name) with financially sound and responsible insurance companiescompanies or (ii) maintain self-insurance, insurance on all their respective properties in at least such amounts and properties, against at least such risks as (and with such subject to no greater risk retentionretention than) as are usually insured against in the same general area by similarly sized companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carriedcarried or the self-insurance so maintained.

Appears in 1 contract

Samples: Credit Agreement (Campbell Soup Co)

Maintenance of Property; Insurance. (a) The Company Parent Borrower will keep, and will cause each Restricted Subsidiary to keep, all material property useful and necessary in its business in good working order and condition, ordinary normal wear and tear excepted. (b) The Company Parent Borrower will, and will cause each of its Material Subsidiaries to, maintain (either in the name of the Company Parent Borrower or in such Material Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against maintained in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: Credit Agreement (FMC Technologies Inc)

Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Domestic Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (ba) The Company Borrower will, and will cause each of its Subsidiaries Domestic Subsidiary to, maintain (either in the name of the Company Borrower or in such the relevant Domestic Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in the same general area by companies of established repute of similar size engaged in the same or a similar business; and will furnish to the Lenders, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: Credit Agreement (Meadwestvaco Corp)

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Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Domestic Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company Borrower will, and will cause each of its Domestic Subsidiaries to, maintain (either in the name of the Company Borrower or in such Domestic Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in the same general area by companies of established repute of similar size engaged in the same or a similar business; and will furnish to the LendersBanks, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: Credit Agreement (Westvaco Corp)

Maintenance of Property; Insurance. (a) The Company Borrower 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. (b) The Company Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and amounts, against at least such risks (and with such risk retention) retention as are usually maintained, insured against or retained, as the case may be, in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, upon request from the Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: Credit Agreement (Cisco Systems Inc)

Maintenance of Property; Insurance. (a) The Company will keep, and will cause each Principal Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company will, and will cause each of its Principal Subsidiaries to, maintain either (i) carry insurance (either in the name of the Company or in such Principal Subsidiary’s 's own name) with financially sound and responsible insurance companiescompanies or (ii) maintain self-insurance, insurance on all their respective properties in at least such amounts and properties, against at least such risks as (and with such subject to no greater risk retentionretention than) as are usually insured against in the same general area by similarly sized companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carriedcarried or the self-insurance so maintained.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Campbell Soup Co)

Maintenance of Property; Insurance. (a) The Company will keep, and will cause each Restricted Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company willwill maintain, and will cause each of its Restricted Subsidiaries to, to maintain (either in the name of the Company or in such Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties and against at least such risks, in each case in at least such amounts and against at least such risks (and with such risk retentionretentions) as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business; and the Company will furnish to the LendersBanks, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (Lincoln National Corp)

Maintenance of Property; Insurance. (a) The Company Parent will keep, and will cause each Restricted Subsidiary to keep, all material property useful and necessary in its business in good working order and condition, ordinary normal wear and tear excepted. (b) The Company Parent will, and will cause each of its Material Subsidiaries to, maintain (either in the name of the Company Parent, the Borrower or in such Material Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against maintained in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: Credit Agreement (FMC Technologies Inc)

Maintenance of Property; Insurance. (a) The Company Borrower 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. (b) The Company Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties of such types, in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in similar circumstances in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, each Bank Party upon request from the Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: Credit, Reimbursement and Exchange Agreement (Aes Corporation)

Maintenance of Property; Insurance. (a) The Company Borrower 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. (b) The Company Borrower will, and will cause each of its Subsidiaries Subsidiary to, maintain (either in the Borrower's name of the Company or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts (with no greater risk retention) and against at least such risks (and with such risk retention) as are usually maintained, retained or insured against in the same general area by companies of established repute engaged in the same or a similar business; and . The Borrower will furnish to the LendersBanks, upon request from the Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: Credit Agreement (Acx Technologies Inc)

Maintenance of Property; Insurance. (a) The Company Borrower 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. (b) The Company Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and amounts, against at least such risks (and with such risk retention) retention as are usually maintained, insured against or retained, as the case may be, in the same general area by companies of established repute engaged in the same or a similar business, subject to, and including reasonable provisions for self-insurance; and will furnish to the LendersBanks, upon request from for the Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: Credit Agreement (Gt Interactive Software Corp)

Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Subsidiary to keep, all property useful and necessary in its business in reasonably good working order and condition, ordinary wear and tear excepted. (b) The Company Borrower will, and will cause each of its Subsidiaries Subsidiary to, maintain (either in the Borrower's name of the Company or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective material properties in at least such amounts and amounts, against at least such risks (and with such no greater risk retention) retention as are usually maintained, insured against or retained, as the case may be, in the same general area by companies of established repute engaged in the same or a similar business; and . The Borrower will furnish to the LendersBanks, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: Credit Agreement (Iomega Corp)

Maintenance of Property; Insurance. (a) The Company will keep, and will cause each Restricted Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company willwill maintain, and will cause each of its Restricted Subsidiaries to, to maintain (either in the name of the Company or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties and against at least such risks, in each case in at least such amounts and against at least such risks (and with such risk retentionretentions) as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business; and the Company will furnish to the LendersBanks, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Subsidiary to keep, all material property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company Borrower will, and will cause each of its Subsidiaries Subsidiary to, maintain (either in the Borrower's name of the Company or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and amounts, against at least such risks (and with such no greater risk retention) retention as are usually maintained, insured against or retained, as the case may be, in the same general area by companies of established repute engaged in the same or a similar business; and . The Borrower will furnish to the LendersBanks, upon request from the Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: Credit Agreement (Dolco Packaging Corp /De/)

Maintenance of Property; Insurance. (a) The Company Borrower 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. (b) The Company Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the LendersBanks, upon request from the Agent, information presented in reasonable detail as to the insurance so carried.upon

Appears in 1 contract

Samples: Credit Agreement (Thomas & Betts Corp)

Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Domestic Subsidiary to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (ba) The Company Borrower will, and will cause each of its Subsidiaries Domestic Subsidiary to, maintain (either in the name of the Company Borrower or in such the relevant Domestic Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in the same general area by companies of established repute of similar size engaged in the same or a similar business; and will furnish to the Lenders, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: Credit Agreement (Meadwestvaco Corp)

Maintenance of Property; Insurance. (a) The Company Borrower will keep, and will cause each Material Subsidiary of the Borrower to keep, all material property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. (b) The Company Borrower will, and will cause each Material Subsidiary of its Subsidiaries the Borrower to, maintain (either in the Borrower’s name of the Company or in such Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts (with no greater risk retention) and against at least such risks (and with such risk retention) as are usually maintained, retained or insured against in the same general area by companies of established repute engaged in the same or a similar business; and . The Borrower will furnish to the LendersAdministrative Agent, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: 364 Day Senior Unsecured Delayed Draw Term Loan Credit Agreement (Consolidated Edison Co of New York Inc)

Maintenance of Property; Insurance. (a) The Company Borrower ---------------------------------- will keep, and will cause each Restricted Subsidiary to keep, all material property useful and necessary in its business in good working order and condition, ordinary normal wear and tear excepted. (b) The Company Borrower will, and will cause each of its Material Subsidiaries to, maintain (either in the name of the Company Borrower or in such Subsidiary’s 's own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against maintained in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Lenders, upon request from the Agent, information presented in reasonable detail as to the insurance so carried.

Appears in 1 contract

Samples: Credit Agreement (FMC Corp)

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