Security Value Maintenance Sample Clauses

Security Value Maintenance ensure that at all times the Security Value is not less than the Security Requirement;
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Security Value Maintenance. (a) Security shortfall If at any time on or after the Delivery Date for the first of the Vessels to be delivered, the Security Value shall be less than the applicable Security Requirement, the Agent may, and if so directed by the Lenders, give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers shall either:
Sample 1
Security Value Maintenance. The Borrower undertakes with each of the Finance Parties that, from the date falling 30 months after the Drawdown Date and throughout the remainder of the Security Period thereafter, it shall ensure that the Security Value is not less than the Security Requirement.
Sample 1
Security Value Maintenance. (a) If at any time the Security Value shall be less than the Security Requirement, the Agent may give notice to the Borrower requiring that such deficiency be remedied and then the Borrower shall either:
Sample 1
Security Value Maintenance 
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Related to Security Value Maintenance

  • Use; Maintenance Borrower shall keep and maintain all items of equipment and other similar types of personal property that form any significant portion or portions of the Collateral in good operating condition and repair and shall make all necessary replacements thereof and renewals thereto so that the value and operating efficiency thereof shall at all times be maintained and preserved. Borrower shall not permit any such material item of Collateral to become a fixture to real estate or an accession to other personal property, without the prior written consent of Lender. Borrower shall not permit any such material item of Collateral to be operated or maintained in violation of any applicable law, statute, rule or regulation. With respect to items of leased equipment (to the extent Lender has any security interest in any residual Borrower’s interest in such equipment under the lease), Borrower shall keep, maintain, repair, replace and operate such leased equipment in accordance with the terms of the applicable lease.

  • Software Maintenance Subrecipient shall apply security patches and upgrades in a timely manner and keep virus software up-to-date on all systems on which State data may be stored or accessed.

  • Property Maintenance Maintain all of its property that is necessary to or useful in the proper conduct of its business in good working condition, ordinary wear and tear excepted.

  • Repairs; Maintenance The Owner hereby gives power to the Agent to supervise repairs, improvements, alterations, and decorations to the Property as well as purchase and pay bills for services and supplies. The Agent shall obtain prior approval of the Owner for all expenditures over $ for any single item. Prior approval for lesser amounts shall not be required for monthly or recurring operating charges or if emergency expenditures over the maximum are, in the Agent’s opinion, needed to protect the Property from damage, prevent injury to persons, avoid suspension of necessary services, avoid penalties or fines, or suspension of services to tenants required by a lease or rental agreement or by law, including, but not limited to, maintaining the Property in a condition fit for human habitation as required by applicable law.

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