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 Group will, maintain and preserve all of its assets that are necessary for the conduct of its business, as conducted at the date of this Agreement, in good working order and condition, ordinary wear and tear excepted.

Appears in 2 contracts

Samples: Multipurpose Facilities Agreement (SunOpta Inc.), Multipurpose Facilities Agreement (SunOpta Inc.)

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Preservation of Assets. Each Obligor shall, and the Company shall ensure that each other member of the Group will, maintain and preserve all of its assets that are necessary or desirable for the conduct of its business, as conducted at the date of this Agreement, in good working order and condition, ordinary wear and tear excepted.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Alliance Data Systems Corp), Senior Facilities Agreement (Alliance Data Systems Corp)

Preservation of Assets. Each Obligor shall, and the Company shall ensure that each member of the Group will, maintain and preserve all of its assets that are necessary or desirable for the conduct of its business, as conducted at the date of this Agreement, in good working order and condition, ordinary wear and tear exceptedwhere failure to do so might reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Common Terms Agreement (Sunpower Corp)

Preservation of Assets. Each Obligor shall, and the Company shall ensure that each member of the Group willshall, maintain and preserve preserve, to a standard of repair consistent with that maintained by companies carrying on businesses similar to that carried on by the Group (ordinary wear and tear excepted), all of its assets that are necessary for the conduct of its business, as conducted at the date of this Agreement, in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Secured Facilities Agreement (Solutia Inc)

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Preservation of Assets. Each Obligor shall, shall (and the Company shall ensure that each member of the Group will, shall) maintain and preserve preserve, in good working order and condition (ordinary wear and tear excepted) all of its assets that are necessary for or desirable in the conduct of its business, as conducted at the date of this Agreement, in good working order including without being limited to its computers and condition, ordinary wear and tear exceptedcomputer systems.

Appears in 1 contract

Samples: Senior Facilities Agreement (Equinix Inc)

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