Common use of Good Repair Clause in Contracts

Good Repair. The Borrower will, and will cause each of its Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomever’s possession they may be to the extent that it is within the Borrower’s or its Subsidiaries’ control to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would not be reasonably expected to have a Material Adverse Effect.

Appears in 20 contracts

Samples: Term Loan Credit Agreement (ITC Holdings Corp.), Amendment and Restatement Agreement (ITC Holdings Corp.), Amendment and Restatement Agreement (ITC Holdings Corp.)

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Good Repair. The Borrower will, and will cause each of its the Restricted Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomeverwhomsoever’s possession they may be to the extent that it is within the Borrower’s or its Subsidiaries’ control of such party to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses the industry in which the Borrower and the Restricted Subsidiaries conduct business and consistent with third party leases, except in each case to the extent the failure to do so would could not be reasonably expected to have a Material Adverse Effect.

Appears in 17 contracts

Samples: Credit Agreement (LPL Financial Holdings Inc.), Credit Agreement (LPL Financial Holdings Inc.), Credit Agreement (LPL Financial Holdings Inc.)

Good Repair. The Borrower will, and will cause each of its Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomever’s possession they may be to the extent that it is within the Borrower’s or its Subsidiaries’ control to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would could not be reasonably expected to have a Material Adverse Effect.

Appears in 13 contracts

Samples: Term Loan Credit Agreement (ITC Holdings Corp.), Term Loan Credit Agreement (ITC Holdings Corp.), Term Loan Credit Agreement (ITC Holdings Corp.)

Good Repair. The Borrower will, and will cause each of its the Restricted Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomeverwhomsoever’s possession they may be to the extent that it is within the Borrower’s or its Subsidiaries’ control of such party to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses the industry in which the Borrower and the Restricted Subsidiaries conduct business and consistent with third party leases, except in each case to the extent the failure to do so would not be reasonably expected to have a Material Adverse Effect.

Appears in 9 contracts

Samples: Credit Agreement (Grocery Outlet Holding Corp.), Credit Agreement (MultiPlan Corp), Amendment Agreement (MultiPlan Corp)

Good Repair. The Each of Holdings and the Borrower will, and will cause each of its the Restricted Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomeverwhomsoever’s possession they may be to the extent that it is within the Borrower’s or its Subsidiaries’ control of such party to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would could not be reasonably expected to have a Material Adverse Effect.

Appears in 6 contracts

Samples: Credit Agreement (Sealy Corp), Credit Agreement (Sealy Corp), Credit Agreement (Sealy Corp)

Good Repair. The Borrower will, and will cause each of its Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomever’s possession they may be to the extent that it is within the Borrower’s or its Subsidiaries’ Subsidiary’s control to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would could not be reasonably expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Term Loan Agreement (ITC Holdings Corp.), Revolving Credit Agreement (ITC Holdings Corp.), Bridge Loan Agreement (ITC Holdings Corp.)

Good Repair. The Borrower will, and will cause each of its the Restricted Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomeverwhomsoever’s possession they may be to the extent that it is within the Borrower’s or its Subsidiaries’ control of such party to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would could not be reasonably expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Rockwood Holdings, Inc.), Security Agreement (Rockwood Holdings, Inc.), Credit Agreement (Accellent Inc)

Good Repair. The Borrower will, and will cause each of its the Restricted Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomever’s whomsoever's possession they may be to the extent that it is within the Borrower’s or its Subsidiaries’ control of such party to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would could not be reasonably expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Bridge Loan Agreement (Rockwood Holdings, Inc.), Senior Subordinated Loan Agreement (Rockwood Specialties Group Inc)

Good Repair. The Borrower Holdings and the Borrowers will, and will cause each of its the Restricted Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomeverwhomsoever’s possession they may be to the extent that it is within the Borrower’s or its Subsidiaries’ control of such party to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would could not be reasonably expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Senior Subordinated Loan Agreement (Premdor Finace LLC), Credit Agreement (Premdor Finace LLC)

Good Repair. The Each of the US Borrower and the UK Borrower will, and will cause each of its the Restricted Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomeverwhomsoever’s possession they may be to the extent that it is within the Borrower’s or its Subsidiaries’ control of such party to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would could not be reasonably expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Security Agreement (Rockwood Specialties Group Inc), Credit Agreement (Rockwood Holdings, Inc.)

Good Repair. The Borrower will, and will cause each of its Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomeverwhomsoever’s possession they may be to the extent that it is within the Borrower’s or its Subsidiaries’ such Subsidiary’s control to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would not be reasonably expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement

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Good Repair. The Borrower will, and will cause each of its Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomever’s 's possession they may be to the extent that it is within the Borrower’s 's or its Subsidiaries’ Subsidiary's control to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would could not be reasonably expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (ITC Holdings Corp.)

Good Repair. The Such Borrower will, and will cause each of its Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomever’s whomsoever’ s possession they may be to the extent that it is within the such Borrower’s or its Subsidiaries’ control to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would not be reasonably expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (ITC Holdings Corp.)

Good Repair. The Borrower will, and will cause each of its Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomever’s whomsoever's possession they may be to the extent that it is within the Borrower’s 's or its Subsidiaries’ such Subsidiary's control to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would not could be reasonably expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Brunos Inc)

Good Repair. The Borrower will, and will cause each of its Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomever’s whomsoever's possession they may be to the extent that it is within the Borrower’s 's or its Subsidiaries’ such Subsidiary's control to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would could not be reasonably expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Borden Chemicals & Plastics Limited Partnership /De/)

Good Repair. The Borrower will, and will cause each of its ------------ Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomever’s whomsoever's possession they may be to the extent that it is within the Borrower’s 's or its Subsidiaries’ such Subsidiary's control to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would could not be reasonably expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Borden Chemicals & Plastics Limited Partnership /De/)

Good Repair. The Such Borrower will, and will cause each of its Subsidiaries to, ensure that its properties and equipment used or useful in its business in whomever’s 's possession they may be to the extent that it is within the such Borrower’s 's or its Subsidiaries' control to cause the same, are kept in good repair, working order and condition, normal wear and tear excepted, and that from time to time there are made in such properties and equipment all needful and proper repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to the extent and in the manner customary for companies in similar businesses and consistent with third party leases, except in each case to the extent the failure to do so would could not be reasonably expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (ITC Holdings Corp.)

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