Maintenance of Assets; Insurance. From the Issuance Date and for so long as this Note is outstanding the Company shall, subject to the availability of the type of insurance and the commercial reasonableness of the terms by the standards generally applied to comparable businesses, keep all assets necessary in its business in good working order and condition, ordinary wear and tear excepted; and shall maintain with financially sound and reputable insurance companies, insurance on all their insurable assets in at least such amounts and against at least such risks as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business.
Maintenance of Assets; Insurance. From the Issuance Date and for so long as any of the Obligations are outstanding the Company will:
Maintenance of Assets; Insurance. Borrower will keep all assets of the Club useful and necessary in its business in good working order and condition, ordinary wear and tear excepted; will maintain, with insurance companies having a Bests rating of A or higher, insurance on all its assets, with loss payable to Lender, in at least such amounts and against at least such risks as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to Lender, upon written request, full information as to the insurance carried. No such insurance policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lender. Borrower shall, at least thirty (30) days prior to the expiration of such policies, furnish Lender with renewals or "binders" thereof, or lender may order such insurance and charge the cost thereof to Borrower, which amount shall be payable by Borrower upon demand. Borrower shall not do or permit to be done anything which shall invalidate such policies.
Maintenance of Assets; Insurance. From the Issuance Date and for so long as any of the Notes are outstanding, the Company will keep, and will cause each Subsidiary to keep, all assets necessary in its business in good working order and condition, ordinary wear and tear excepted; will maintain, and will cause each Subsidiary to maintain (either in the name of the Company or in such Subsidiary’s own name), with financially sound and reputable insurance companies, insurance on all their assets in at least such amounts and against at least such risks as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the holders of the Notes, upon reasonable written request, full information as to the insurance carried.
Maintenance of Assets; Insurance. Maintain (i) the Trust Assets, in accordance with the provisions of Clause Sixteenth (a) hereof; and (ii) maintain in full force and effect insurance on the Equipment pursuant to the terms and in accordance with Clause Seventeenth hereof. CGCAE 182428.v7 09/06/11
Maintenance of Assets; Insurance. The Company shall, and shall cause each of its Subsidiaries to, (i) maintain its assets in good working order and condition, ordinary wear and tear excepted; and (ii) maintain with financially sound and reputable insurance companies, insurance on all of its insurable assets in at least such amounts and against at least such risks as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business in the markets where the Company conducts its business.
Maintenance of Assets; Insurance. From the Issuance Date and for so long as this Note is outstanding, the Company will keep, and will cause Parent to keep, all assets useful and necessary in its business in good working order and condition, ordinary wear and tear excepted; will maintain, and will cause Parent to maintain (either in the name of the Company or in Parent’s own name), with financially sound and reputable insurance companies, product liability insurance and insurance on all their assets in at least such amounts and against at least such risks as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Holder, upon reasonable written request, full information as to the insurance carried.
Maintenance of Assets; Insurance. Between the date of this Agreement and the Closing Date, the Stockholders shall cause each Target Corporation to continue to maintain and service the assets of each Target Corporation consistent with past practice. Through the Closing Date, each Target Corporation shall maintain insurance policies providing insurance coverage for its business and the assets of each Target Corporation of the kinds, in the amounts and against the risks as are commercially reasonable for the businesses and risks covered.
Maintenance of Assets; Insurance. Between the date of this Agreement and the Closing Date, the Big City Parties will continue to maintain and service the assets of each of the Big City Parties consistent with past practice. Through the Closing Date, each of the Big City Parties shall maintain insurance policies providing insurance coverage for its business and the assets of each of the Big City Parties of the kinds, in the amounts and against the risks as are commercially reasonable for the businesses and risks covered.
Maintenance of Assets; Insurance. Keep and maintain all of its property and assets in good order and repair, normal wear and tear excepted, and adequately covered by insurance with reputable and financially sound insurance companies against such hazards and in such amounts and with such deductibles and retentions as are customary in the industry, under policies requiring the insurer to furnish reasonable notice to Agent and opportunity to cure any non-payment of premiums prior to termination of coverage; and, upon request of Agent no more than twice a year, furnish Agent with certificates of such insurance and cause Agent, as agent for Lenders, to be named as additional insured.
