Common use of Preservation of Assets Clause in Contracts

Preservation of Assets. The Borrower shall (and shall ensure that each member of the 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.

Appears in 7 contracts

Samples: Bpifae Facility Agreement (Globalstar, Inc.), Second Lien Facility Agreement (Globalstar, Inc.), Bpifae Facility Agreement (Globalstar, Inc.)

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Preservation of Assets. The Borrower shall (and shall ensure that each member of the Group Member 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.

Appears in 7 contracts

Samples: Facility Agreement (Zhongpin Inc.), Facility Agreement (Fushi Copperweld, Inc.), Facility Agreement (China TransInfo Technology Corp.)

Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each member of the 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 businessbusiness if failure to do so has or is reasonably likely to have a Material Adverse Effect.

Appears in 5 contracts

Samples: Term Facility Agreement (Enstar Group LTD), Term Facility Agreement (Enstar Group LTD), Term Facility Agreement (Enstar Group LTD)

Preservation of Assets. The Borrower shall (and shall ensure that each member of the Group willshall) maintain in a good state of repair and in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business.

Appears in 3 contracts

Samples: Facilities Agreement (International Shipping Enterprises, Inc.), Facilities Agreement (International Shipping Enterprises, Inc.), Facilities Agreement (Navios Maritime Holdings Inc.)

Preservation of Assets. The Borrower shall (maintain and shall ensure preserve all of its assets that each member are necessary in the conduct of the Group will) maintain Permitted Business in good working order and condition (condition, ordinary wear and tear excepted) all of its assets necessary in the conduct of its business.

Appears in 3 contracts

Samples: Term Loan Facility Agreement (Advanced Micro Devices Inc), Term Loan Facility Agreement (Advanced Micro Devices Inc), Term Loan Facility Agreement (Advanced Micro Devices Inc)

Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each member of the other 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 businessbusiness where failure to do so could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Facility Agreement (Baring Asia Private Equity Fund v Co-Investment L.P.), Facility Agreement (Giant Interactive Group Inc.)

Preservation of Assets. The Borrower Each Obligor shall (and shall ensure the Borrower will procure that each no other member of the 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.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.), Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.)

Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each member of the other 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 businessbusiness where failure to do so would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Facility Agreement (Sequoia Capital China I Lp), Facility Agreement (Chiu Na Lai)

Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each member of the 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.

Appears in 2 contracts

Samples: Revolving Credit Agreement (CGG Veritas), Term Facility Agreement (CGG Veritas)

Preservation of Assets. The Borrower shall (and shall ensure that each member of the Group its Subsidiaries will) maintain in good working order and condition (ordinary wear and tear excepted) all of its the assets necessary in the conduct of its business.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (Fang Nengbin)

Preservation of Assets. The Borrower shall (and the Borrower shall ensure that each other member of the 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.

Appears in 1 contract

Samples: Facility Agreement (Century Aluminum Co)

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Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each other member of the 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.

Appears in 1 contract

Samples: Facility Agreement (Digital Landscape Group, Inc.)

Preservation of Assets. The Borrower shall (and the Borrower shall ensure that each member of the 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.

Appears in 1 contract

Samples: Facility Agreement (Golden Meditech Holdings LTD)

Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each member of the 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.

Appears in 1 contract

Samples: Single Currency Term Facility Agreement (General Geophysics Co)

Preservation of Assets. The Borrower shall (and the Borrower 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 businessbusiness where failure to do so has or could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Senior Secured Bridge Facility Agreement (Ugi Corp /Pa/)

Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each member of the Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or, in its reasonable opinion, desirable in the conduct of its business.

Appears in 1 contract

Samples: Facility Agreement (Cascal N.V.)

Preservation of Assets. The Borrower shall (and shall ensure that each member of the 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.. Americas 90643250 115

Appears in 1 contract

Samples: Coface Facility Agreement (Globalstar, Inc.)

Preservation of Assets. The Borrower shall (and the Borrower shall ensure that each other Obligor and each other member of the Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its respective assets necessary or desirable from time to time in the conduct of its respective business.

Appears in 1 contract

Samples: Facility Agreement (VNG LTD)

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