Common use of Maintenance of Property; Insurance Clause in Contracts

Maintenance of Property; Insurance. The Company will, 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. In addition, the Company and each Subsidiary will maintain insurance in at least such amounts and against such risks as it has insured against as of the Closing Date.

Appears in 41 contracts

Samples: Securities Purchase Agreement (Liberty Star Uranium & Metals Corp.), Securities Purchase Agreement (3dicon Corp), Securities Purchase Agreement (3dicon Corp)

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Maintenance of Property; Insurance. The Company will, shall and will shall cause each Subsidiary to, to keep all property of its property, which is necessary or useful and necessary in to the conduct of its business business, in good working order and condition, ordinary wear and tear excepted. In addition, excepted and insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary for the businesses of the Company and each Subsidiary will maintain insurance in at least such amounts and against such risks as it has insured against as of the Closing DateSubsidiary.

Appears in 10 contracts

Samples: Securities Purchase Agreement (GT Biopharma, Inc.), Securities Purchase Agreement (GT Biopharma, Inc.), Securities Purchase Agreement (GT Biopharma, Inc.)

Maintenance of Property; Insurance. The Company will, and will cause each Covered Subsidiary to, keep all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. In addition, the Company and each Covered Subsidiary will maintain insurance in at least such amounts and against such risks as it has insured against as of the Closing Date.

Appears in 3 contracts

Samples: Securities Purchase Agreement (ERF Wireless, Inc.), Securities Purchase Agreement (ERF Wireless, Inc.), Securities Purchase Agreement (ERF Wireless, Inc.)

Maintenance of Property; Insurance. The Company will, 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. In addition, the Company and each Subsidiary will maintain insurance in at least such amounts and against such risks as it has insured against as of the Closing Date.. ARTICLE 1.4 ARTICLE 1.5

Appears in 2 contracts

Samples: Securities Purchase Agreement (Eagle Wireless International Inc), Securities Purchase Agreement (Eagle Wireless International Inc)

Maintenance of Property; Insurance. The Company will, and will cause each Subsidiary towill keep, keep all property useful and reasonably necessary in its business in good working order and condition, ordinary wear and tear excepted. In addition, the Company and each Subsidiary will maintain insurance in at least such amounts and against such risks as it has insured against as of the Closing Date.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Vitech America Inc), Securities Purchase Agreement (Aht Corp)

Maintenance of Property; Insurance. The Company will, and will cause each Subsidiary towill keep, keep all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. In addition, the Company and each Subsidiary will maintain insurance in at least such amounts and against such risks as it has insured against as of the Closing Date.

Appears in 2 contracts

Samples: Securities Purchase Agreement (American International Petroleum Corp /Nv/), Securities Purchase Agreement (Autobond Acceptance Corp)

Maintenance of Property; Insurance. The Company willwill keep, and will cause each Subsidiary toto keep, keep all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. In addition, ; provided that the Company and each Subsidiary will its Subsidiaries shall not be required to maintain insurance any property or properties which are, in at least such amounts and against such risks as it has insured against as the reasonable opinion of the Closing DateCompany, not material to the business of the Company and its Consolidated Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Credit Agreement (Allergan Inc)

Maintenance of Property; Insurance. The Company will, and will cause each Subsidiary to, keep keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. In addition, the Company and each Subsidiary will maintain insurance in at least such amounts and against such risks as it has insured against as of the Closing Effective Date.

Appears in 1 contract

Samples: Equity Financing Agreement (American International Petroleum Corp /Nv/)

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Maintenance of Property; Insurance. The Company will, 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. In addition, the Company and each Subsidiary will maintain insurance in at least such amounts and against such risks as it has insured against as of the Closing Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (International Fuel Technology Inc)

Maintenance of Property; Insurance. The Company will, 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. In addition, the Company and each Subsidiary will maintain insurance in at least such amounts and against such risks as it has insured against as of the Closing Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Boston Biomedica Inc)

Maintenance of Property; Insurance. The Company will, Keep and will cause each Subsidiary to, to keep all property useful and necessary in its business in good working order and condition, condition (ordinary wear and tear tear, and casualties, excepted. In addition), the Company maintain with financially sound and each Subsidiary will maintain reputable insurance companies insurance on all its property in at least such amounts and against at least such risks as it has 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 request, full information as to the insurance carried including certified copies of the Closing Datepolicies and certificates of insurance from a recognized insurance broker.

Appears in 1 contract

Samples: Credit Agreement (Ascent Assurance Inc)

Maintenance of Property; Insurance. The Company will, 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. In addition, the Company and each Subsidiary will maintain insurance in at least such amounts and against such risks as it has insured against as of the Closing Date.,

Appears in 1 contract

Samples: Securities Purchase Agreement (Boston Biomedica Inc)

Maintenance of Property; Insurance. The Company will, and will cause each Subsidiary towill keep, keep all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted. In addition, the Company and each Subsidiary will -------------------------------------------------------------------------------- SECURITIES PURCHASE AGREEMENT - Page 31 (Take-Two Interactive Software, Inc.) maintain insurance in at least such amounts and against such risks as it has insured against as of the Closing Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Take Two Interactive Software Inc)

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