Preservation of Rights and Properties. (a) Preserve and maintain all of its franchises, licenses, rights and privileges under Contract and Applicable Law material to the proper conduct of its business; and (b) preserve and maintain in good repair, working order and condition, excepting ordinary wear and tear and damage due to casualty, all of its tangible property material to the proper conduct of its business.
Appears in 3 contracts
Samples: Credit Agreement (Reinsurance Group of America Inc), Credit Agreement (Eastern Utilities Associates), Credit Agreement (Reinsurance Group of America Inc)
Preservation of Rights and Properties. (a) Preserve and maintain all of its franchises, licenses, rights and privileges under Contract and Applicable Law material to the proper conduct of its business; and (b) preserve and maintain in good repair, working order and condition, excepting ordinary wear and tear and damage due to casualty, all of its tangible property material to the proper conduct of its business.the
Appears in 1 contract
Samples: Credit Agreement (Reinsurance Group of America Inc)
Preservation of Rights and Properties. (a) Preserve and maintain (i) all of its franchises, licenses, rights and privileges under Contract and Applicable Law material to the proper conduct of its business; and (bii) preserve and maintain in good repair, working order and condition, excepting ordinary wear and tear and damage due to casualty, all of its tangible property material to the proper conduct of its business.
Appears in 1 contract
Samples: Credit Agreement (Lechters Inc)
