Preservation of Property. Borrowers will at all times maintain, preserve and protect all franchises and trade names and keep all the remainder of their properties which are used or useful in the conduct of its businesses whether owned in fee or otherwise, or leased, in good repair and operating condition; from time to time make, or cause to be made, all needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be properly conducted at all times; and comply with all material leases to which a Borrower is a party or under which a Borrower occupies property so as to prevent any material loss or forfeiture thereunder.
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Samples: Revolver Loan Agreement (Energy 11, L.P.), Revolver Loan Agreement, Revolver Loan Agreement (Energy Resources 12, L.P.)
Preservation of Property. Borrowers Borrower will at all times maintain, preserve and protect all franchises and trade names and keep all the remainder of their its properties which are used or useful in the conduct of its businesses whether owned in fee or otherwise, or leased, in good repair and operating condition; from time to time make, or cause to be made, all needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be properly conducted at all times; and comply with all material leases to which a Borrower it is a party or under which a Borrower it occupies property so as to prevent any material loss or forfeiture thereunder.
Appears in 2 contracts
Samples: Revolver Loan Agreement (Viking Energy Group, Inc.), Revolver Loan Agreement (Viking Investments Group, Inc.)
Preservation of Property. Borrowers The Borrower will at all times maintain, preserve and protect all franchises and trade names and keep all the remainder of their its properties which are used or useful in the conduct of its businesses business whether owned in fee or otherwise, or leased, in good repair and operating condition; from time to time make, or cause to be made, all needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be properly and advantageously conducted at all times; and comply with all material leases to which a Borrower it is a party or under which a Borrower it occupies property so as to prevent any material loss or or, forfeiture thereunder.
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Preservation of Property. Borrowers The Borrower will at all times maintain, preserve and protect all franchises and trade names and keep all the remainder of their its properties which are used or useful in the conduct of its businesses business whether owned in fee or otherwise, or leased, in good repair and operating condition; from time to time make, or cause to be made, all needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be properly and advantageously conducted at all times; and comply with all material leases to which a Borrower it is a party or under which a Borrower it occupies property so as to prevent any material loss or forfeiture thereunder.
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