Common use of Properties, Business, Insurance Clause in Contracts

Properties, Business, Insurance. The Company shall maintain, as to its properties and the 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.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Chesapeake Biological Laboratories Inc), Common Stock Purchase Agreement (Chesapeake Biological Laboratories Inc)

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Properties, Business, Insurance. The Company shall maintain, as to its properties and the Businessbusiness, 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 of a similar size and financial condition similarly situatedsituated within the same industry.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Digital Generation Systems Inc)

Properties, Business, Insurance. The Company shall maintain, maintain as to its properties and the Businessbusiness, 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: Note and Warrant Purchase Agreement (Emageon Inc)

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Properties, Business, Insurance. The Company shall maintain, as maintain with respect to their its properties and the Businessbusiness, with financially sound and reputable insurers, insurance of the kinds and in the amounts not less than is customarily obtained by corporations of established reputation engaged in the same or similar business and similarly situated, including, without limitation, insurance against loss, damage, fire, theft, public liability and other risks against such casualties and contingencies and of such types and in such amounts as is customary for reasonable and prudent companies similarly situated.

Appears in 1 contract

Samples: Stock Purchase Agreement (Streamline Inc)

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