Common use of Good Repair Clause in Contracts

Good Repair. Borrower shall keep and maintain all Collateral in good operating condition and repair, subject to ordinary wear and tear, make all necessary repairs thereto and replacement of parts thereof so that the value and operating efficiency thereof shall at all times be maintained and preserved in all material respects; and Borrower shall keep books and records with respect to the Collateral, including maintenance records, which are complete and accurate in all material respects.

Appears in 6 contracts

Samples: Loan and Security Agreement (Aquantia Corp), Loan and Security Agreement (Aquantia Corp), Loan and Security Agreement (Acelrx Pharmaceuticals Inc)

AutoNDA by SimpleDocs

Good Repair. Borrower Borrowers shall keep and maintain all Collateral in good operating condition and repair, subject to ordinary wear and tear, make all necessary repairs thereto and replacement of parts thereof so that the value and operating efficiency thereof shall at all times be maintained and preserved in all material respects; and Borrower Borrowers shall keep books and records with respect to the Collateral, including maintenance records, which are complete and accurate in all material respects.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Zipcar Inc)

Good Repair. Borrower Borrowers shall keep and maintain all Collateral that is Equipment in good operating condition and repair, subject to ordinary wear and tear, make all necessary repairs thereto and replacement of parts thereof so that the value and operating efficiency thereof shall at all times be maintained and preserved in all material respects; and Borrower Borrowers shall keep books and records with respect to the such Collateral, including maintenance records, which are complete and accurate in all material respects.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mascoma Corp), Loan and Security Agreement (Mascoma Corp)

Good Repair. Borrower shall keep and maintain all Collateral in good ----------- operating condition and repair, subject to ordinary wear and tear, make all necessary repairs thereto and replacement of parts thereof so that the value and operating efficiency thereof shall at all times be maintained and preserved in all material respectspreserved; and Borrower shall keep complete and accurate books and records with respect to the Collateral, including maintenance records, which are complete and accurate in all material respects.

Appears in 2 contracts

Samples: Loan and Security Agreement (Loudeye Technologies Inc), Loan and Security Agreement (Onvia Com Inc)

Good Repair. Borrower shall keep and maintain all Collateral in good operating condition and repair, subject to ordinary wear and tear, make all necessary repairs thereto and replacement of parts thereof so that the value and operating efficiency thereof shall at all times be maintained and preserved in all material respectspreserved; and Borrower shall keep complete and accurate books and records with respect to the Collateral, including maintenance records, which are complete and accurate in all material respects.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Intermix Media, Inc.)

AutoNDA by SimpleDocs

Good Repair. Borrower shall keep and maintain all Collateral that is Equipment in good operating condition and repair, subject to ordinary wear and tear, make all necessary repairs thereto and replacement of parts thereof so that the value and operating efficiency thereof shall at all times be maintained and preserved in all material respects; and Borrower shall keep books and records with respect to the such Collateral, including maintenance records, which are complete and accurate in all material respects.

Appears in 1 contract

Samples: Loan and Security Agreement (Mascoma Corp)

Good Repair. Borrower shall keep and maintain all material Collateral in good operating condition and repair, subject to ordinary wear and tear, make all necessary repairs thereto and replacement of parts thereof so that the value and operating efficiency thereof shall at all times be maintained and preserved in all material respectsrespects in accordance with Borrower’s historical conduct on or prior to the date of this Loan Agreement; and Borrower shall keep books and records with respect to the any material Collateral, including maintenance records, which are complete and accurate in all material respects.

Appears in 1 contract

Samples: Loan and Security Agreement (FaceBank Group, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.