Common use of Maintenance and Inspection of Properties Clause in Contracts

Maintenance and Inspection of Properties. Use reasonable and customary efforts to maintain or cause to be maintained all of its material tangible Properties in good repair and condition, ordinary wear and tear excepted; make all reasonably necessary replacements thereof and permit any authorized representative of the Agent or any Lender to visit and inspect at any reasonable time and upon reasonable notice any tangible Property of the Borrowers; provided, however, that any expenses incurred in connection with any such visit or inspection shall be reimbursed by the Borrowers if required under Section 5.13.

Appears in 3 contracts

Samples: Credit Agreement (KCS Energy Inc), Credit Agreement (KCS Energy Inc), Stock Pledge Agreement (KCS Energy Inc)

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Maintenance and Inspection of Properties. Use reasonable and customary efforts to maintain or cause to be maintained all of its material tangible Properties in good repair and condition, ordinary wear and tear excepted; make all reasonably necessary replacements thereof and permit any authorized representative of the Agent or any Lender to visit and inspect at any reasonable time and upon reasonable notice any tangible Property of the Borrowers; 51 57 provided, however, that any expenses incurred in connection with any such visit or inspection shall be reimbursed by the Borrowers if required under Section 5.13.

Appears in 1 contract

Samples: Credit Agreement (KCS Energy Inc)

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Maintenance and Inspection of Properties. Use reasonable and customary efforts to maintain or cause to be maintained all of its material tangible Properties Property in good repair and condition, ordinary wear and tear excepted; make all reasonably necessary replacements thereof and permit any authorized representative of the Agent, the Collateral Agent or any Lender to visit and inspect at any reasonable time and upon reasonable notice any tangible Property of the BorrowersBorrower or any Subsidiary of the Borrower; provided, however, that any expenses incurred in connection with any such visit or inspection shall be reimbursed by the Borrowers Borrower if required under Section 5.13.

Appears in 1 contract

Samples: Credit Agreement (KCS Energy Inc)

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