Common use of Maintenance and Modification of the Plant by Borrower Clause in Contracts

Maintenance and Modification of the Plant by Borrower. The Borrower agrees that, until Payment of the Bonds shall be made, it will at its own expense, (i) keep the Plant and the Project Site or cause the Plant and the Project Site to be kept in as reasonably safe condition as its operations shall permit, (ii) make or cause to be made from time to time all necessary repairs thereto and renewals and replacements thereof and otherwise keep the Plant in good repair and in good operating condition and (iii) not permit or suffer others to commit a nuisance on or about the Plant or the Project Site. The Borrower shall pay or cause to be paid all costs and expenses of operation and maintenance of the Plant. The Borrower may, at its own expense, make from time to time any additions, modifications or improvements to the Plant that it may deem desirable for its business purposes and that do not materially impair the effective use, or decrease the value, of the Project.

Appears in 2 contracts

Samples: Loan Agreement (Medical Action Industries Inc), Loan Agreement (Genlyte Group Inc)

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Maintenance and Modification of the Plant by Borrower. The Borrower agrees that, until Payment of the Bonds shall be made, it will at its own expense, (ia) keep the Plant and the Project Site or cause the Plant and the Project Site to be kept in as reasonably safe condition as its the operations thereat shall permit, (iib) make or cause to be made from time to time all necessary repairs thereto and renewals and replacements thereof and otherwise keep or cause to be kept the Plant in good repair and in good operating condition and (iiic) not permit or suffer others to commit a nuisance on or about the Plant or the Project SitePlant. The Borrower shall pay or cause to be paid all costs and expenses of operation and maintenance of the Plant. The Subject to the terms of the Mortgage and the Security Agreement, the Borrower may, at its own expense, make from time to time any additions, modifications or improvements to the Plant that it may deem desirable for its business purposes and that do not materially impair the effective use, or decrease the value, of the ProjectPlant.

Appears in 1 contract

Samples: Loan Agreement (Elxsi Corp /De//)

Maintenance and Modification of the Plant by Borrower. The Borrower agrees that, until Payment of the Bonds shall be made, it will at its own expense, (i) keep the Plant and the Project Facility Site or cause the Plant and the Project Facility Site to be kept in as reasonably safe a condition as its operations shall permit, (ii) make or cause to be made from time to time all necessary repairs thereto and renewals and replacements thereof and otherwise keep the Plant in good repair and in good operating condition condition, and (iii) not permit or suffer others to commit a nuisance on or about the Plant or the Project Facility Site. The Borrower shall pay or cause to be paid all costs and expenses of operation and maintenance of the Plant. The Borrower may, at its own expense, make from time to time any additions, modifications or improvements to the Plant that it may deem desirable for its business purposes and that do not materially impair the effective use, or decrease the value, of the ProjectFacility.

Appears in 1 contract

Samples: Loan Agreement (Lunn Industries Inc /De/)

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Maintenance and Modification of the Plant by Borrower. The Borrower agrees that, until Payment of the Bonds shall be made, it will at its own expense, (i) keep the Plant and the Project Site or cause the Plant and the Project Site to be kept in as reasonably safe condition as its operations shall permit, (ii) make or cause to be made from time to time all necessary repairs thereto and renewals and replacements thereof and otherwise keep the Plant in good repair and in good operating condition condition, normal wear and tear excepted, and (iii) not permit or suffer others to commit a nuisance on or about the Plant or the Project Site. The Borrower shall pay or cause to be paid all costs and expenses of operation and maintenance of the Plant. The Borrower may, at its own expense, make from time to time any additions, modifications or improvements to the Plant that it may deem desirable for its business purposes and that do not materially impair the effective use, or decrease the value, of the Project.

Appears in 1 contract

Samples: Loan Agreement (Dollar Tree Stores Inc)

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