Common use of Maintenance and Insurance Clause in Contracts

Maintenance and Insurance. (a) Each Grantor shall maintain or cause to be maintained, at its own expense, all of its material assets and properties in good working order and condition, ordinary wear and tear excepted, making all necessary repairs thereto and renewals and replacements thereof.

Appears in 29 contracts

Samples: Security Agreement (Neomedia Technologies Inc), Security Agreement (Galaxy Next Generation, Inc.), Security Agreement (Ir Biosciences Holdings Inc)

AutoNDA by SimpleDocs

Maintenance and Insurance. (a) Each Grantor of the Grantors shall maintain or cause to be maintained, at its own expense, all of its material assets and properties in good working order and condition, ordinary wear and tear excepted, making all necessary repairs thereto and renewals and replacements thereof.

Appears in 10 contracts

Samples: Security Agreement (Bitzio, Inc.), Security Agreement (Carbonics Capital Corp), Security Agreement (GTX Corp)

Maintenance and Insurance. (a) Each Grantor shall maintain or cause to be maintained, at its own respective expense, all of its material assets and properties in good working order and condition, ordinary wear and tear excepted, making all necessary repairs thereto and renewals and replacements thereof.

Appears in 3 contracts

Samples: Security Agreement (Kona Gold Beverage, Inc.), Security Agreement (Kona Gold Beverage, Inc.), Security Agreement (Kona Gold Beverage, Inc.)

Maintenance and Insurance. (a) Each The Grantor shall maintain or cause to be maintained, at its own expense, all of its material assets and properties in good working order and condition, ordinary wear and tear excepted, making all necessary repairs thereto and renewals and replacements thereof.

Appears in 1 contract

Samples: Security Agreement (CombiMatrix Corp)

Maintenance and Insurance. (a) Each The Grantor shall maintain or cause to be maintained, at its own expense, all of its material assets and properties Pledged Property in good working order and condition, ordinary wear and tear excepted, making all necessary repairs thereto and renewals and replacements thereof.

Appears in 1 contract

Samples: Security Agreement (BBM Holdings, Inc.)

AutoNDA by SimpleDocs

Maintenance and Insurance. (a) (a) Each Grantor shall maintain or cause to be maintained, at its own expense, all of its material assets and properties in good working order and condition, ordinary wear and tear excepted, making all necessary repairs thereto and renewals and replacements thereof.

Appears in 1 contract

Samples: Security Agreement (Hyperdynamics Corp)

Maintenance and Insurance. (a) Each Grantor shall maintain or cause to be maintained, at its own expense, all of its material assets and properties in good working order and condition, ordinary wear and tear excepted, making all necessary repairs thereto and renewals and replacements thereof.

Appears in 1 contract

Samples: Unit Purchase Agreement (Medivie USA Inc.)

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