Common use of Preservation of Assets Clause in Contracts

Preservation of Assets. Each Obligor shall (and the Company shall ensure that each member of the Restricted Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business where failure to do so has or is reasonably likely to have a Material Adverse Effect.

Appears in 8 contracts

Samples: Notes Purchase Agreement (Membership Collective Group Inc.), Notes Purchase Agreement (Membership Collective Group Inc.), Revolving Facility Agreement (Nord Anglia Education, Inc.)

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Preservation of Assets. Each Obligor shall (and the Company shall ensure that each other member of the Restricted Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business where failure to do so has or is reasonably likely to have a Material Adverse Effectbusiness.

Appears in 6 contracts

Samples: Multicurrency Revolving Facility Agreement (Endava PLC), Amendment and Restatement Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

Preservation of Assets. Each Obligor shall (and the Company shall ensure that each member of the Restricted Group Company will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in which are subject to the conduct of its business where failure to do so has or is reasonably likely to have a Material Adverse EffectTransaction Security.

Appears in 4 contracts

Samples: Credit Agreement (Sappi LTD), Amending Agreement (Sappi LTD), Credit Agreement (Sappi LTD)

Preservation of Assets. Each Obligor shall (and the Company shall ensure that each member of the Restricted Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business where failure to do so has or is reasonably likely to have a Material Adverse Effectmaterial assets.

Appears in 4 contracts

Samples: Facility Agreement (InterXion Holding N.V.), Facility Agreement (InterXion Holding N.V.), Facility Agreement (InterXion Holding N.V.)

Preservation of Assets. Each Obligor shall (and the Company shall ensure that each other member of the Restricted Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business where failure to do so has would or is reasonably likely to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.)

Preservation of Assets. Each Obligor shall (and the Company Investor shall ensure that each member of the Restricted Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business where failure to do so has or is reasonably likely to have a Material Adverse Effectbusiness.

Appears in 2 contracts

Samples: Facility Agreement (Central European Distribution Corp), Distribution Agreement (Central European Distribution Corp)

Preservation of Assets. Each Obligor shall (and the Company Borrower shall ensure that each member of the Restricted other Group Company will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business business, save where failure to do so has or is this does not and would not reasonably likely be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Senior Term Facilities Agreement (CorpAcq Group PLC), Senior Term Facilities Agreement (CorpAcq Group PLC)

Preservation of Assets. Each Obligor shall (and the Company shall ensure that each member of the Restricted Group Material Company will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business Core Business, in each case, where failure to do so has or is reasonably likely to would have a Material Adverse Effect.

Appears in 2 contracts

Samples: Facilities Agreement (New Frontier Public Holding Ltd.), Facilities Agreement (New Frontier Health Corp)

Preservation of Assets. Each Obligor shall (and the Company Issuer shall ensure that each member of the Restricted other Group Company will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business business, save where failure to do so has or is this does not and would not reasonably likely be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Note Subscription Agreement (CorpAcq Group PLC), Note Subscription Agreement (CorpAcq Group PLC)

Preservation of Assets. Each Obligor shall (and the Company shall ensure that each member of the Restricted Group willshall) maintain and preserve, in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its the business of the Group as a whole, as conducted at the date of this Agreement, where failure to do so has or is reasonably would likely to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Senior Facilities Agreement (Sirona Dental Systems, Inc.), Senior Facilities Agreement (Sirona Dental Systems, Inc.)

Preservation of Assets. Each Obligor shall, and shall (and the Company shall ensure procure that each member of the Restricted Group Member will) , maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business where failure to do so has or is could reasonably likely be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Senior Facilities Agreement (OneSmart International Education Group LTD)

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Preservation of Assets. Each Obligor shall (and the Company shall ensure that each member of the Restricted Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business (save in relation to assets of any member of the Group which is not a Material Company where failure to do so has or maintain such assets to such standard is reasonably likely to have a Material Adverse Effect).

Appears in 1 contract

Samples: Facility Agreement

Preservation of Assets. Each Obligor shall (and the Company shall ensure that each member of the Restricted Group Company will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business business, where failure to do so has or is would be reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Term and Revolving Facilities Agreement (ShangPharma Corp)

Preservation of Assets. Each Obligor shall (and the Company shall ensure that each member of the Restricted Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its material assets necessary in the conduct of its business where failure to do so has or is reasonably likely to have a Material Adverse Effectbusiness.

Appears in 1 contract

Samples: Facilities Agreement (Noble International, Ltd.)

Preservation of Assets. Each Obligor shall (and the Company shall ensure that each other member of the Restricted Group willshall) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business where failure to do so has would have or is would reasonably likely be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Term Loan Facility Agreement (Amc Entertainment Holdings, Inc.)

Preservation of Assets. Each Obligor shall (and the Company shall ensure that each member of the Restricted Group Material Company will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business where failure to do so has or is reasonably likely to would have a Material Adverse Effect.

Appears in 1 contract

Samples: Senior Facilities Agreement (Central European Distribution Corp)

Preservation of Assets. Each Obligor shall (and the Company shall ensure that each member of the Restricted Group will) so far as it is commercially reasonable maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business where failure to do so has or is reasonably likely to have a Material Adverse Effectbusiness.

Appears in 1 contract

Samples: Facility Agreement (Edgen Murray PLC)

Preservation of Assets. Each Obligor shall (and the Company shall ensure that each other member of the Restricted Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business where the failure to do so maintain such assets to such standard has or is reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Senior Facilities Agreement (OpSec Holdings)

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