Properties, Business, Insurance. The Company shall maintain, and cause each of its subsidiaries to maintain, as to their respective properties and business, 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, maintain and cause each of its subsidiaries (if any) 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 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 maintain, maintain and cause each of its subsidiaries any subsidiary to maintain, 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, of similar size, scope and financial condition, situated which insurance shall be deemed by the Company to be sufficient.
Appears in 2 contracts
Samples: Common Stock Purchase Agreement (Transeastern Properties Inc), Series B Redeemable Preferred Stock and Warrant Purchase Agreement (Transeastern Properties 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 2 contracts
Samples: Series a 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, ------------------------------- maintain and cause each of its subsidiaries subsidiaries, if any, to maintain, 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, of similar size, scope and financial condition, which insurance shall be deemed by the Company to be sufficient.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Hyseq Inc), Stock Purchase Agreement (Perkin Elmer Corp)
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. The Company shall not cause or permit any assignment or change in beneficiary and shall not borrow against such policy.
Appears in 1 contract
Samples: Series E 1 Convertible Preferred Stock Purchase Agreement (CCBN Com)
Properties, Business, Insurance. The Company shall maintain, maintain and ------------------------------- cause each of its subsidiaries to maintain, 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, of similar size, scope and financial condition, 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: Series G Convertible Preferred Stock Purchase Agreement (Unifi Communications Inc)
Properties, Business, Insurance. The Company shall maintain, and cause ------------------------------- each of its subsidiaries the 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 a similar size, scope size and financial condition, which insurance shall be deemed by condition similarly situated within the Company to be sufficientsame industry.
Appears in 1 contract
Samples: Securities Purchase Agreement (Ward North America Holding 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: Series a 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, 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
Properties, Business, Insurance. The Company shall maintain, maintain and cause each of its subsidiaries (if any) 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, 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 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, of similar size, scope and financial condition, 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 subsidiaries, if any, 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 they currently maintain or such lesser amount 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
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: Securities Purchase Agreement (Meridian Financial Corp)
