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Common use of Properties in Good Condition Clause in Contracts

Properties in Good Condition. Each Borrower shall keep its properties in good repair, working order and condition (subject to such wear and tear as may occur in the ordinary course of business) and, from time to time, make all needful and proper repairs, renewals, replacements, additions and improvements thereto, so that the business carried on may be properly and advantageously conducted at all times in accordance with prudent business management.

Appears in 2 contracts

Samples: Loan Agreement (Medallion Financial Corp), Loan Agreement (Medallion Financial Corp)

Properties in Good Condition. Each Borrower shall keep its properties in good repair, working order and condition (subject to such wear and tear as may occur in the ordinary course of business) and, from time to time, make all needful and proper repairs, renewals, replacements, additions and improvements thereto, so that the business carried on may be properly and advantageously conducted at all times in accordance with prudent business management.

Appears in 1 contract

Samples: Loan Agreement (Medallion Financial Corp)

Properties in Good Condition. Each The Borrower shall keep its properties in good repair, working order and condition (subject to such wear and tear as may occur in the ordinary course of business) and, from time to time-to-time, make all needful and proper repairs, renewalsrenewal, replacements, additions and improvements thereto, so that the business carried on may be properly and advantageously conducted at all times in accordance with prudent business management.

Appears in 1 contract

Samples: Loan Agreement (Harrier Inc)

Properties in Good Condition. Each Borrower shall keep its respective properties in good repair, working order and condition (subject to such wear and tear as may occur in the ordinary course of business) and, from time to time, make all needful and proper repairs, renewals, replacements, additions and improvements thereto, so that the business carried on may be properly and advantageously conducted at all times in accordance with prudent business management.

Appears in 1 contract

Samples: Term Loan and Borrowing Base Credit Line Loan Agreement (United Auto Group Inc)