Common use of Preservation of Assets Clause in Contracts

Preservation of Assets. maintain and preserve all of its assets in good condition and undertake regular maintenance, except disposal of obsolete assets, in accordance with prudent industry practice or the EPC Contractor’s and Suppliers’ recommendations;

Appears in 5 contracts

Samples: Project Financing Facility Agreement, Project Financing Facility Agreement (Mercer International Inc.), Project Financing Facility Agreement (Mercer International Inc.)

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Preservation of Assets. maintain and preserve all of its assets in good condition and undertake regular maintenance, except disposal of obsolete assets, in accordance with prudent industry practice or the EPC respective Contractor’s and Suppliers’ recommendations;

Appears in 2 contracts

Samples: Project Financing Agreement (Mercer International Inc.), Project Financing Agreement (Mercer International Inc.)

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Preservation of Assets. maintain and preserve all of its assets in good condition and undertake regular maintenance, except disposal of obsolete assets, in accordance with prudent industry practice or the EPC Contractor’s 's and Suppliers' recommendations;

Appears in 1 contract

Samples: Project Financing Facility Agreement (Mercer International Inc)

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