Properties, Business, Insurance. The Company shall maintain and cause each of its subsidiaries to maintain as to their respective properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient.
Appears in 7 contracts
Samples: Purchase Agreement (Curagen Corp), Purchase Agreement (Curagen Corp), Convertible Preferred Stock Purchase Agreement (Good Times Restaurants Inc)
Properties, Business, Insurance. The Company shall maintain maintain, and cause each of its subsidiaries to maintain maintain, as to their respective properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, of similar size, scope and financial condition, which insurance shall be deemed by the Company to be sufficient.
Appears in 4 contracts
Samples: Note Purchase Agreement (Positron Corp), Note Purchase Agreement (Positron Corp), Note Purchase Agreement (Positron Corp)
Properties, Business, Insurance. The Company shall maintain and cause each of its subsidiaries (if any) to maintain as to their respective properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient.
Appears in 3 contracts
Samples: Investor Rights Agreement, Investor Rights Agreement (Boingo Wireless Inc), Loan and Stock Warrant Agreement (Chemokine Therapeutics Corp)
Properties, Business, Insurance. The Company shall obtain and maintain and cause each of its subsidiaries subsidiaries, if any, to maintain as to their respective properties and business, with financially sound and reputable insurers, insurance against such casualties casualties, contingencies and contingencies other risks and hazards and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient.
Appears in 2 contracts
Samples: Stockholders Agreement (Eagle Test Systems, Inc.), Stockholders Agreement (Eagle Test Systems, Inc.)
Properties, Business, Insurance. The Company shall maintain ------------------------------- and cause each of its subsidiaries to maintain as to their respective properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient.
Appears in 2 contracts
Samples: Convertible Preferred Stock Purchase Agreement (Genomica Corp /De/), Series a Convertible Preferred Stock Purchase Agreement (Genomica Corp /De/)
Properties, Business, Insurance. The Company shall maintain and cause each of its subsidiaries any subsidiary to maintain as to their respective properties and businessbusinesses, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, situated which insurance shall be deemed by the Company to be sufficient.
Appears in 2 contracts
Samples: Common Stock Purchase Agreement (Transeastern Properties Inc), Redeemable Preferred Stock and Warrant Purchase Agreement (Transeastern Properties Inc)
Properties, Business, Insurance. The Company shall maintain and cause each of its subsidiaries Subsidiaries to maintain as to their respective properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies in the case of business organizations engaged in the same or similar business or having similar properties similarly situated, which insurance shall be deemed by the Company to be sufficient.
Appears in 2 contracts
Samples: Note Purchase Agreement (Youbet Com Inc), Note Purchase Agreement (Youbet Com Inc)
Properties, Business, Insurance. The Company shall ------------------------------- maintain and cause each of its subsidiaries subsidiaries, if any, to maintain as to their respective properties and businessbusinesses, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Perkin Elmer Corp), Stock Purchase Agreement (Hyseq Inc)
Properties, Business, Insurance. The Company shall maintain and cause each of its subsidiaries to maintain as to their respective properties and businessbusinesses, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient.
Appears in 1 contract
Properties, Business, Insurance. The Company shall ------------------------------- maintain and cause each of its subsidiaries to maintain as to their respective properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient.
Appears in 1 contract
Samples: Convertible Preferred Stock Purchase Agreement (Bailey Co L P)
Properties, Business, Insurance. The Company shall maintain and cause each of its subsidiaries to maintain as to their respective properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient.
Appears in 1 contract
Samples: Securities Purchase Agreement (Meridian Financial Corp)
Properties, Business, Insurance. The Company shall maintain and ------------------------------- cause each of its subsidiaries to maintain as to their its respective properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficientsufficient based on the size of the Company (or each such subsidiary) and on the business in which the Company (or each such subsidiary) is engaged.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Unifi Communications Inc)
Properties, Business, Insurance. The Company shall maintain and cause each of its subsidiaries (if any) to maintain as to their respective properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient, as determined by the Board of Directors.
Appears in 1 contract
Samples: Investor Rights Agreement (Aveo Pharmaceuticals Inc)
Properties, Business, Insurance. The Company shall maintain maintain, and --------------------------------- cause each of its subsidiaries to maintain maintain, as to their respective properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, of similar size, scope and financial condition, which insurance shall be deemed by the Company to be sufficient.
Appears in 1 contract
Samples: Corporation Note Purchase Agreement (Positron Corp)
Properties, Business, Insurance. The Company shall maintain maintain, and cause each of its subsidiaries subsidiaries, if any, to maintain as to their respective properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as they currently maintain or such lesser amount as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient.
Appears in 1 contract
