Common use of Maintenance of Tangible Assets Clause in Contracts

Maintenance of Tangible Assets. Each of the Borrowers and the Guarantor shall maintain its tangible assets in good condition and repair and shall not permit any action or omission which might materially impair the value thereof, normal wear and tear excepted.

Appears in 3 contracts

Samples: Loan Agreement (Security Capital Corp/De/), Loan Agreement (Security Capital Corp/De/), Loan Agreement (Security Capital Corp/De/)

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Maintenance of Tangible Assets. Each of the Borrowers Borrower and the Guarantor Guarantors shall maintain its tangible assets in good condition and repair and shall not permit any action or omission which might materially impair the value thereof, normal wear and tear excepted.

Appears in 1 contract

Samples: Loan Agreement (Security Capital Corp/De/)

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Maintenance of Tangible Assets. Each of the Borrowers and the Guarantor shall maintain its tangible assets in good condition and repair and shall not permit any action or omission which might materially impair the value thereof, normal wear and tear excepted.

Appears in 1 contract

Samples: Loan Agreement (Security Capital Corp/De/)

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